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Jul
24

Work begins on Newport News Transportation Center

Rail News Home Passenger Rail 7/24/2020 Rail News: Passenger Rail
Virginia Department of Rail and Public Transportation, Virginia Department of Transportation and Newport News city officials broke ground on a new transportation center.Photo – Virginia DRPT Facebook

Officials from the Virginia Department of Rail and Public Transportation, Virginia Department of Transportation and city of Newport News earlier this week broke ground on a $47 million transportation center in the Virginia city. 

The transportation center — which will replace the Newport News Amtrak station — will be located at Bland Boulevard between Warwick Boulevard and Interstate 64. 

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Jul
24

CN breaks down infrastructure spending in Michigan, Wisconsin

CN today announced it will spend about CA$100 million in Wisconsin and CA$55 million in Michigan this year to bolster infrastructure.

The Wisconsin investments will focus on a new auto compound in New Richmond, maintenance of vessels, replacement of rail and ties, and maintenance of bridges, grade crossings, culverts, signal systems and other track infrastructure. The Class I plans to replace more than 9 miles of rail, install more than 60,000 ties and rebuild 48 crossing surfaces.

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Jul
24

FRA reorganizes rail safety office

The Federal Railroad Administration's (FRA) Office of Railroad Safety has completed a yearlong reorganization to improve the regulation of railroad safety, regulators announced in the agency's newsletter.

Two key aspects of the reorganization are the creation of safety management teams (SMTs) for Class Is, short lines and commuter railroads, and the "re-alignment" of safety inspectors' reporting responsibilities, the newsletter states.

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Jul
23

Metrolink completes ticket machine update

Rail News Home Rail Industry Trends 7/23/2020 Rail News: Rail Industry Trends
Metrolink has installed the new ticket machines at all 62 stations throughout the system.Photo – Metrolink

Metrolink earlier this week completed the installation of 133 new ticket machines at its stations across Southern California.

The new touchscreen ticket machines include a feature that predicts possible destination stations, automatic screen brightness, voice enabled technology, a headphone jack and braille keypads. The machines also dispense new tickets with added security features.

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Jul
23

Rocky Mountaineer suspends remainder of 2020 season

Rail News Home Passenger Rail 7/23/2020 Rail News: Passenger Rail
Rail tours will be postponed until the scheduled start of the railroad’s 2021 travel season.Photo – Rocky Mountaineer

Rocky Mountaineer will suspend its excursion passenger-rail service between Vancouver, British Columbia, and the Canadian Rockies through Oct. 11 as a result of the COVID-19 pandemic and government travel restrictions. 

“We are incredibly disappointed to announce the suspension of our rail operations through to the end of the 2020 season. Like so many in the tourism and hospitality industry, the pandemic has had an overwhelmingly negative impact on our business,” said Steve Sammut, Rocky Mountaineer president and chief executive officer, in a press release.

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Jul
23

Virgin Trains advances financing for Vegas high-speed rail

Rail News Home High-Speed Rail 7/23/2020 Rail News: High-Speed Rail
Clark County Commissioners approved findings related to the financing of the project being proposed by Virgin Trains affiliate DesertXpress Enterprises.Photo – gobrightline.com

Clark County, Nevada Commissioners earlier this week took steps to advance financing of Virgin Trains’ proposed high-speed rail project that would link Las Vegas and Southern California. 

The commission unanimously approved findings made by the Nevada Department of Business and Industry related to the financing of the project being proposed by DesertXpress Enterprises LLC, Clark County officials said in a press release. DesertXpress Enterprises is an affiliate of Virgin Trains USA.

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Jul
23

OmniTRAX expands rail-ready program to Winchester & Western

Rail News Home Short Lines & Regionals 7/23/2020 Rail News: Short Lines & Regionals
Located along the rapidly growing Interstate 81 corridor, the sites are "ideal" for advanced manufacturing, food processing and agribusiness facilities, OmniTRAX officials saidPhoto – omnitrax.com

OmniTRAX Inc. is partnering with the Frederick County Economic Development Authority in Virginia to identify and market rail-served sites along the Winchester & Western Railroad.

The initial three sites total 182 acres. Located along the rapidly growing Interstate 81 corridor, the sites are "ideal" for advanced manufacturing, food processing and agribusiness facilities, OmniTRAX officials said yesterday in a press release.

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Jul
23

U.S. intermodal traffic decline slowed in Week 29

U.S. freight railroads reported 481,597 carloads and intermodal units during the week ending July 18, an 8.5 percent decrease compared with volumes during the same week in 2019, according to Association of American Railroads (AAR) data.

Carloads fell 15.7 percent to 214,685 units, while intermodal units dipped just 1.7 percent to 266,912 containers and trailers.

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Jul
23

MTA slashes expenses to address COVID-related losses

Rail News Home Passenger Rail 7/23/2020 Rail News: Passenger Rail
MTA is projecting a deficit of $16.4 billion by 2024.Photo – MTA

The Metropolitan Transportation Authority (MTA) announced yesterday it is undertaking the largest cost-cutting program in the agency’s history to help solve billions of dollars in deficits the agency is facing as a result of the COVID-19 pandemic.  

MTA is projecting a deficit of $16.4 billion by 2024, including $3.2 billion for 2020, $5.8 billion for 2021, $3.5 billion for 2022, and between $1.8 billion and $2 billion for the following two years, MTA officials said in a press release.

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Jul
23

CSX reports lower Q2 revenue across all markets

Rail News Home CSX Transportation 7/23/2020 Rail News: CSX Transportation
CSX Corp. yesterday announced second-quarter net earnings and revenue declines, as the Class I faced lower economic activity due to the COVID-19 pandemic.The company posted net earnings of $499 million, or 65 cents per share, versus $870 million, or $1.08 per share, for the same period in 2019.Second-quarter revenue tumbled 26 percent year over year to $2.26 billion due to volume declines, an unfavorable mix, decreases in fuel recovery, declines in coal pricing and lower other revenue, CSX reported in its financial statement. Those decreases were partially offset by pricing gains in merchandising and intermodal.Operating income plummeted 37 percent to $828 million compared to $1.31 billion in the same quarter in 2019.Expenses fell 19 percent to $1.43 billion, impacted by volume-related reductions, lower fuel costs and continued efficiency gains."I want to extend my gratitude to all of the CSX employees who kept the railroad running well during the most disruptive operating period I have seen in my career," said President and Chief Executive Officer James Foote in a press release.CSX's operating ratio for the second quarter was 63.3 percent, up from 57.4 percent a year ago.In their presentation to analysts, CSX officials said all markets were negatively impacted by the economic effects of the pandemic. By market, quarterly revenue declined year over year by 10 percent in chemicals, 13 percent in agricultural and food products, 9 percent in minerals, 11 percent in forest products, 8 percent in fertilizers, 24 percent in metals and equipment, 72 percent in automotive, 48 percent in coal, 18 percent in intermodal and 19 percent in "other."  

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Jul
23

UP's Q2 revenue, profit plummet on lower volumes

Union Pacific Corp. posted a 24 percent decline in second-quarter operating revenue and a 28 percent decline in net income as the Class I faced a 20 percent drop in volume due to the economic impact of the COVID-19 pandemic.

The Class I reported second-quarter 2020 net income of $1.1 billion, or $1.67 per diluted share, compared with $1.6 billion, or $2.22 per diluted share, a year ago.

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Jul
22

Rail supplier news from ATIX, Leclanche, APTIM, HDR, TransSystems and STV (July 22)

Rail News Home Railroading Supplier Spotlight 7/22/2020 Rail News: Railroading Supplier Spotlight
Andrew BataPhoto – APTIM

American Railcar Industries (ARI) has rebranded as American Industrial Transport Inc. (AITX). “The new name conveys a respect to its longstanding heritage, while showing an ongoing commitment in shaping the modern rail car leasing and repair business,” AITX officials said in a press release. AITX's rail-car repair business now is named AITX Railcar Services LLC in the United States and AITX Railcar Services of Canada Inc. in Canada. The Greenbrier Cos. acquired ARI’s car manufacturing division from ITE Management LP in July 2019.

Leclanche SA earned an International Railway Industry Standard (IRIS) Group certification for the design manufacturing and maintenance of its hybrid and electric locomotive power system drive units and auxiliary systems. The IRIS standard enables railway component suppliers to meet globally recognized levels of quality for their components.

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Jul
22

Rail supplier news from AITX, Leclanche, APTIM, HDR, TransSystems and STV (July 22)

Rail News Home Railroading Supplier Spotlight 7/22/2020 Rail News: Railroading Supplier Spotlight
Andrew BataPhoto – APTIM

American Railcar Industries (ARI) has rebranded as American Industrial Transport Inc. (AITX). “The new name conveys a respect to its longstanding heritage, while showing an ongoing commitment in shaping the modern rail car leasing and repair business,” AITX officials said in a press release. AITX's rail-car repair business now is named AITX Railcar Services LLC in the United States and AITX Railcar Services of Canada Inc. in Canada. The Greenbrier Cos. acquired ARI’s car manufacturing division from ITE Management LP in July 2019.

Leclanche SA earned an International Railway Industry Standard (IRIS) Group certification for the design manufacturing and maintenance of its hybrid and electric locomotive power system drive units and auxiliary systems. The IRIS standard enables railway component suppliers to meet globally recognized levels of quality for their components.

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Jul
22

MTA to rehab Rutgers subway tunnel

Rail News Home Maintenance Of Way 7/22/2020 Rail News: Maintenance Of Way
Crews will work to repair systems and components within the tunnel that were damaged during Hurricane Sandy.Photo – MTA NYCT

The Metropolitan Transportation Authority (MTA) in August will begin rehabilitation work on the Rutgers Tube New York City Transit subway tunnel that allows the F Line to run under the East River between Brooklyn and Manhattan.

Contracted crews from TC Electric LLC will work to repair systems and components within the tunnel that were damaged during Hurricane Sandy in 2012, and replace other parts that have reached the end of their useful lives.

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Jul
22

Portland council sends $5B transit measure to voters

Rail News Home Passenger Rail 7/22/2020 Rail News: Passenger Rail
The measure includes plans to extend the TriMet MAX light-rail system from downtown Portland to Tualatin.Photo – TriMet

Portland, Oregon’s Metro Council last week approved a $5 billion regional transportation investment measure for greater Portland voters to consider on the November ballot.

Known as Get Moving 2020, the measure includes plans to extend the Tri-County Metropolitan Transportation District of Oregon MAX light-rail system from downtown Portland to Tualatin. 

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Jul
22

Class Is employed fewer people in June

Rail News Home Rail Industry Trends 7/22/2020 Rail News: Rail Industry Trends
Year over year, all employment categories showed decreases.Photo – BNSF Railway Co.

Class Is employed 116,128 workers in mid-June, down 2.31 percent from May's employment levels and down 17.99 percent year over year, according to Surface Transportation Board (STB) data.

All employment categories logged month-to-month decreases. They were maintenance of equipment and stores, down 6.13 percent to 19,985 people; transportation (train and engine), down 2.57 percent to 42,536; transportation (other than train and engine), down 1.36 percent to 5,135; professional and administrative, down 0.77 percent to 10,512; executives, officials and staff assistants, down 0.46 percent to 7,591; and maintenance of way and structures, down 0.45 percent to 30,369.

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Jul
22

Metra asks STB to intervene in UP service dispute

Metra yesterday asked the Surface Transportation Board (STB) to issue a preliminary injunction to prevent Union Pacific Railroad from taking steps that the Chicago commuter railroad says would "degrade or halt" service on the three Metra lines operated by UP.

In a separate filing, Metra also asked the STB to determine whether UP has a legal obligation to provide commuter service. UP maintains that it has no such obligation, but Metra "strongly disagrees," Metra officials said in a press release.

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Jul
22

USDOT issues loan to MBTA for PTC project

Rail News Home Positive Train Control 7/22/2020 Rail News: Positive Train Control
The loan was provided under the Build America Bureau's Railroad Rehabilitation and Improvement Financing program.Photo – MBTA

The U.S. Department of Transportation’s (USDOT) Build America Bureau yesterday announced it provided the Massachusetts Bay Transportation Authority (MBTA) a $851.15 million loan for positive train control (PTC) implementation. 

The loan was provided under the bureau’s Railroad Rehabilitation and Improvement Financing program.

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Jul
22

CP reports lower Q2 revenue, record low operating ratio

Rail News Home Canadian Pacific 7/22/2020 Rail News: Canadian Pacific
Canadian Pacific today announced second-quarter revenue fell 9.6 percent to CA$1.79 billion from CA$1.98 billion a year ago, as the Class I dealt with the COVID-19 pandemic's impact on volume.However, the Class I's precision scheduled railroading operating model helped the company adapt to the unusually challenging conditions, CP officials said in a press release.CP posted diluted earnings per share (EPS) of $4.66, down 10 percent from last year, and adjusted EPS of $4.07, down 5 percent. Operating income for the quarter was CA$770 million, down 6.3 percent, while net income was CA$635 million, down 12 percent.The company's operating expenses totaled CA$1 billion in the quarter, down 11.5 percent.CP's operating ratio reached a second-quarter record of 57 percent compared to 58.4 percent a year ago. "While economic uncertainty remains, we're controlling what we can control — our costs," said President and Chief Executive Officer Keith Creel. "Our strong bulk franchise, which included record movements for Canadian grain and potash in the first half of the year, helped to offset some of the declines we experienced in other lines of business."Given its cost control measures, execution of PSR and improved clarity on the volume environment, the company now expects positive adjusted diluted EPS growth for the year, Creel said.CP also continues to expect capital expenditures of CA$1.6 billion and a mid-single-digit decline in revenue ton miles.In addition, the Class I's recent acquisition of the Central Maine and Quebec Railway, combined with a "continuing pipeline of unique growth opportunities," provides optimism for the remainder of 2020 and into 2021, Creel said.

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Jul
22

CN revenue falls 19 percent in Q2, announces plan to acquire 1,500 grain cars

Rail News Home Canadian National Railway - CN 7/22/2020 Rail News: Canadian National Railway - CN
CN yesterday reported second-quarter revenue fell 19 percent to CA$3.2 billion from nearly CA$4 billion a year ago, as financial results reflected lower volumes due to the COVID-19 pandemic. The Class I posted Q2 operating income of CA$785 million, down from CA$1.68 billion a year ago; net income of CA$545 million, down from CA$1.36 billion; and diluted earnings per share of 77 Canadian cents per share, down from CA$1.88. Adjusted earnings per share were CA$1.28, down from CA$1.73.CN's logged an adjusted operating ratio of 60.4 percent for the quarter, up from 57.5 percent a year earlier.Operating expenses for the quarter climbed 6 percent to CA$2.4 billion, mainly driven by a loss on assets held for sale resulting from the decision to market for sale for on-going rail operations, certain non-core lines, partly offset by lower fuel and and labor costs. Excluding that one-time charge, operating expenses fell 15 percent compared with Q2 2019's expenses.The revenue decrease was attributed primarily to lower volumes across most commodity groups caused by the pandemic and lower applicable fuel surcharge rates, which were partly offset by increased shipments of Canadian grain, higher Canadian coal exports and freight rate increases."By being adaptable, we were able to swiftly rightsize our resources and continue to provide our essential transportation services to our customers, the economy and the communities we serve," said President and Chief Executive Officer JJ Ruest in a press release.CN reaffirmed its CA$2.9 billion capital investment plan for 2020 and announced plans to purchase 1,500 new high-capacity covered hopper cars to expand its grain export business. Delivery is expected to start in January 2021."Our strategic long-term approach to investments, together with our continued focus on cost and deployment of innovative technology, as well as our commitment to enabling trade, position us to keep delivering long-term value to our stakeholders," Ruest said. 

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