Rail Industry News
KCS reports Q1 2018 results
(Source: Kansas City Southern press release (PDF), April 20, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record first quarter 2018 revenues of $639 million, an increase of 5% from first quarter 2017. Overall, carload volumes increased 1% compared to...
Massachusetts governor concerned with locomotive engineers’ personal driving records
(Source: State House News Service, April 19, 2018) BOSTON — Commuter rail officials should have greater ability to consider the driving histories of locomotive engineers when making personnel decisions, Massachusetts Gov. Charlie Baker said Thursday. Full story:...
Canadian Pacific starting operations shutdown ahead of possible strike
(Source: Canadian Press, April 19, 2018) CALGARY — Canadian Pacific Railway says it has begun shutting down train operations ahead of a possible strike set to start Saturday by two unionized workforces. Full story: Ottawa Citizen
AAR reports rail traffic for week ending April 14, 2018
(Source: Association of American Railroads press release, April 18, 2018) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 14, 2018. For this week, total U.S. weekly rail traffic was 534,198...
TCRC: CP Rail a hostage to its own aggressive behavior and mistreatment of workers
(Source: Teamsters Canada Rail Conference (TCRC) press release, April 19, 2018) LAVAL, Que. — The Teamsters Canada Rail Conference (TCRC) is confused at the sight of Canadian Pacific Railway (CP) publicly playing the “victim card” in current contract negotiations. The...
UP crash takes out more than a dozen train cars
(Source: Ward County Daily, April 18, 2018) MONAHANS, Texas — An investigation is continuing into a train vs. train collision at the railroad crossing of Eva and Sealy Avenue in Monahans. Two Union Pacific employees were taken to the hospital. The injuries are not...
High-speed commuter rail line to open in Connecticut
(Source: Railway Age, April 18, 2018) NEW YORK — Connecticut will soon begin operations on a long-delayed interstate commuter rail line connecting the capital and one of the state’s largest cities. The upgraded Hartford Line will open operations June 16 from Hartford...
Metra aims for capital efficiency with 2018 construction program
(Source: Railway Track & Structures, April 18, 2018) NEW YORK — Metra has announced several construction projects planned for 2018 aimed at improving track and bridge maintenance, upgrading communications and signaling systems and enhancing stations. Full story:...
Ohio, West Virginia Teamsters seek accountability for deadly opioid crisis
(Source: International Brotherhood of Teamsters press release, April 18, 2018) CLEVELAND — A lawsuit filed late yesterday in Cleveland, Ohio on behalf of Teamsters’ Health and Welfare Funds in West Virginia and Ohio demands accountability for the opioid crisis and the...
CSX’s Alabama diesel tax suit could go before Supreme Court a third time
(Source: Lagniappe Weekly, April 18, 2018) MOBILE, Ala. — A 10-year legal challenge to the way Alabama taxes diesel fuel could be returning the United States Supreme Court for a third time, and until it’s resolved, millions of dollars intended for public education and...
FRA’s Batory calls on public to help improve rail crossing safety
(Source: Progressive Railroading, April 18, 2018) In a newspaper column published this week, Federal Railroad Administrator Ronald Batory called on motorists and pedestrians to "make safe choices" at railroad crossings by honoring warning signals and lowered gates....
French rail workers strike against President’s reform proposals
(Source: Reuters, April 19, 2018) PARIS — Striking French rail staff halted train services for the seventh day this month on Wednesday in protest over a major shake-up of the state-owned railway company, but President Emmanuel Macron said he would not be cowed into...
CP Rail reports 1Q 2018 results
(Source: Canadian Pacific Railway press release, April 18, 2018) CALGARY — Canadian Pacific Railway Limited today announced first-quarter reported diluted earnings per share (EPS) of $2.41, or $2.70 on an adjusted diluted EPS basis. "This was a challenging quarter, as...
CP Rail sees profit slump in 1Q 2018
(Source: Reuters, April 18, 2018) CALGARY — Canadian Pacific Railway Ltd.’s profit fell 18 per cent in the first quarter, as expenses rose amid a winter that tested the resiliency of the North American rail network. Full story: Reuters
CP won’t be ‘held hostage’ in union talks, CEO Creel says
(Source: Financial Post, April 19, 2018) OTTAWA — With a strike deadline just days away, Keith Creel, Canadian Pacific Railway Ltd.’s chief executive, said the company will not be “held hostage” in negotiations and is willing to experience the short-term pain of a...
Manchin, Jenkins report productive meeting with Amtrak
(Source: The Register-Herald, April 17, 2018) BECKLEY, W.Va. — "Productive" is the word being used to describe the meeting between the president and CEO of Amtrak and Collis P. Huntington Railroad Society officials. The two sides met in Washington, D.C., Tuesday...
California high-speed rail underestimated cost of relocating utility lines beneath Fresno
(Source: Los Angeles Times, April 18, 2018) LOS ANGELES — Buried beneath Fresno were some costly surprises for the California bullet train authority, which disclosed Tuesday that the price of utility relocations along a 29-mile section of railway has surged from a...
New report suggests LIRR, NJ Transit and Metro-North should be combined into one rail system
(Source: AM New York, April 18, 2018) NEW YORK — Merging the Long Island Rail Road with the region’s other commuter rail systems is vital to supporting growth and improving access to jobs in the tristate area, according to a new report to be published Wednesday. Full...
Transcript of CSX 1Q 2018 conference call
(Source: Motley Fool, April 18, 2018) NEW YORK — Click link below to read a transcript of CSX’s first quarter 2018 earnings conference call. Full story: Motley Fool
CSX releases 1Q 2018 results
(Source: CSX press release, April 17, 2018) JACKSONVILLE, Fla. — CSX Corporation today announced record first quarter 2018 net earnings of $695 million, or $0.78 per share, versus $362 million, or $0.39 per share in the same period last year. CSX’s operating ratio for...
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