Rail News Home Federal Legislation & Regulation 1/25/2019 Rail News: Federal Legislation & Regulation U.S. Rep. Lipinski to chair House rail subcommittee U.S. Rep. Dan Lipinski (D-Ill.) Photo – congress.gov The House Committee on Transportation and Infrastructure (T&I) announced yesterday that U.S. Rep. Dan Lipinski (D-Ill.) will chair its Subcommittee on Railroads, Pipelines and Hazardous…
Posts published in January 2019
Rail News Home Federal Legislation & Regulation 12/27/2018 Rail News: Federal Legislation & Regulation FRA allows Denver RTD to proceed with corrective plan The University of Colorado A Line operates to Denver International Airport. Photo – RTD-Denver The Federal Railroad Administration (FRA) determined the Regional Transportation District of Denver (RTD) recently filed corrective action plan…
Rail News Home Federal Legislation & Regulation 1/2/2019 Rail News: Federal Legislation & Regulation USDOT: Four railroads fully met PTC implementation deadline Employees at work in Metra's PTC lab. Photo – Metra As of Dec. 31, four railroads had fully implemented positive train control (PTC) systems and all others mandated to adopt the technology had…
Rail News Home Federal Legislation & Regulation 1/4/2019 Rail News: Federal Legislation & Regulation APTA: Commuter roads met PTC deadline requirements at 2018's end The North County Transit District has installed PTC along its line in San Diego County. Photo – NCTD All commuter-rail systems have met the congressional end-of-2018 deadline requirements for positive train…
Rail News Home Federal Legislation & Regulation 1/3/2019 Rail News: Federal Legislation & Regulation Senate confirms Fuchs, Oberman appointments to STB The U.S. Senate yesterday confirmed Patrick Fuchs and Martin Oberman as Surface Transportation Board (STB) commissioners. Fuchs has been a senior professional staff member working on surface transportation and maritime issues for the Senate…
Rail News Home Federal Legislation & Regulation 1/7/2019 Rail News: Federal Legislation & Regulation Canadian environmental agency seeks public feedback on proposed Kamloops yard The planned North Thompson Rail Terminal would cover 67 acres. Photo – Source: North Thompson Rail Terminals Inc. The Canadian Environmental Assessment Agency (CEAA) is seeking public input to decide whether…
(Adds details on operating ratio, estimates) Jan 24 (Reuters) - U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as higher demand for industrial shipments and cost controls bolstered results. Its operating ratio - a measure of operating expenses as a percentage of revenue and a key metric for Wall Street…
Jan 24 (Reuters) - U.S. railroad operator Union Pacific Corp on Thursday reported a 6 percent rise in quarterly revenue, helped by higher industrial shipments. The Omaha, Nebraska-based company's net income fell to $1.55 billion, or $2.12 per share in the fourth quarter ended Dec. 31, from $7.28 billion, or $9.25 per share, a year…
(Adds executive comment, context) Jan 24 (Reuters) - Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019. Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, rose 3.3 percent to $159.37.…
(Adds context, executive comment, details on results) Jan 24 (Reuters) - Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported a higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019. Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, jumped…