Rail News Home Federal Legislation & Regulation 7/23/2018 Rail News: Federal Legislation & Regulation Court ruling allows Amtrak, FRA to set on-time standards A federal appeals court ruled last week that Amtrak and the Federal Railroad Administration (FRA) should be allowed to set their own standards for measuring on-time performance of passenger-rail service.The 2-1 ruling…
Posts published in July 2018
(Adds context on Mexico trade) July 20 (Reuters) - Kansas City Southern, a regional U.S. railroad operator with extensive operations in Mexico, topped Wall Street estimates for quarterly profit on Friday, as it transported higher volumes of petroleum, cars and chemicals. Shares gained 1.1 percent to $109.67 in afternoon trading, even after the company lowered…
CAF USA Inc. is building 24 low-floor light-rail vehicles for the MBTA's Green Line. Photo – MBTA Massachusetts Gov. Charlie Baker and local officials earlier this week unveiled a new rail car that will operate on the Massachusetts Bay Transportation Authority's (MBTA) Green Line light-rail route.Starting in September, the new cars will be put into…
OMAHA, Neb. (AP) — Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. The Omaha, Nebraska-based company said Thursday it earned $1.51 billion net income, or $1.98 per share. That's up from $1.17…
(Adds CEO comments, details, updates stock price) July 19 (Reuters) - No. 1 U.S. railroad Union Pacific Corp's second-quarter profit and revenue beat estimates on Thursday but costs related to a tunnel collapse that wreaked havoc on its Northwest service offset much of the gain from sharply lower U.S. taxes, sending shares down more than…
The news comes after the railroad received just one response to its initial request for new bi-level gallery cars. Photo – Metra Metra plans to reissue its request for proposals (RFP) for new rail cars and open it up to alternative car designs.The railroad opted to reissue the RFP after receiving only one response to…
OMAHA, Neb. (AP) — Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better with some operational challenges. The Omaha, Nebraska-based company said Thursday it earned $1.51 billion net income, or $1.98 per share. That's up from $1.17 billion, or…
(Compares with estimates, adds details on result) July 18 (Reuters) - Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash. CP said total carloads, the amount of freight loaded into freight cars during a specified period, rose…
OMAHA, Neb. (AP) — CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter. That's up significantly from last year's $510 million, or 55 cents…
Rail News Home Federal Legislation & Regulation 7/17/2018 Rail News: Federal Legislation & Regulation FTA unveils FY2018 apportionments document Yesterday, the Federal Transit Administration (FTA) published a notice in the Federal Register about its fiscal-year 2018 apportionments, which include policies, procedures, streamlining activities, authorized funding levels, program details and funding availability.The notice details $13.4 billion…