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CPKC reports Q3 2024 results

Canadian Pacific Kansas City (CPKC) today announced its third-quarter results, including revenues of $3.5 billion.

Union Pacific reports Q3 2024 results

Union Pacific Corporation today reported 2024 third quarter net income of $1.7 billion, or $2.75 per diluted share. This compares to 2023 third quarter net income of $1.5 billion, or $2.51 per diluted share.

CPKC, CSX receive STB approval to create Mexico-U.S. rail link

The two railroads received approval from the Surface Transportation Board for their acquisition of rail lines operated by Genesee & Wyoming’s Meridian & Bigbee Railroad, also known as MNBR, resulting in the new direct interchange connection in Alabama.

NJ Train regulation bill advances in state senate

A New Jersey state senate committee has approved a bill that would require two-person crews for freight trains and set a maximum length of 8,500 feet for “dangerous hazardous trains.”

Q&A: RRB financial reports

As of September 30, 2023, total railroad retirement system assets, comprising assets managed by the National Railroad Retirement Investment Trust (NRRIT) and the railroad retirement system accounts at the Treasury, equaled $26.5 billion.

UP explains absence from early contract agreements with organized labor

UP has sought to renegotiate the scheduling deal it reached last year with the BLET, under which engineers work 11 days and then have four days off. That prompted the union to sue the railroad this summer because it had yet to implement the scheduling agreement systemwide.

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