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…
Posts published in “Railroad Legal News”
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…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation Transport Canada announces clean-rail research grant awards The Canadian government last week announced grant funding for 10 projects under the Clean Rail Academic Grant Program.Under the program's fifth round of funding, the 10 projects will each receive a grant of up…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation FRA hosts PTC symposium on interoperability issues Ronald Batory Photo – Federal Railroad Administration The Federal Railroad Administration (FRA) today is holding the second of three symposiums for the 41 railroads required to implement positive train control (PTC) systems.Attending the symposium…
Rail News Home Federal Legislation & Regulation 7/13/2018 Rail News: Federal Legislation & Regulation Panhandle Northern Railroad seeks CRISI grant for safety improvements The city is the lead applicant for the grant, but is joined by the short line and the Panhandle Regional Planning Commission as co-applicants Photo – City of Borger website The city…
Rail News Home Federal Legislation & Regulation 7/13/2018 Rail News: Federal Legislation & Regulation FRA's Batory tours CSX's Virginia Avenue Tunnel project FRA Administration Ronald Batory (center, in dark suit and red tie) toured CSX's Virginia Avenue Tunnel project, which is slated to wrap up this year. Photo – National Railroad Construction and Maintenance Association…
Rail News Home Federal Legislation & Regulation 7/9/2018 Rail News: Federal Legislation & Regulation Trump chooses former Metra Chair Oberman for open STB seat Martin Oberman Photo – Chicago Metropolitan Agency for Planning President Donald Trump has nominated former Metra Chairman Martin Oberman as a Surface Transportation Board (STB) member.If his nomination is approved by…
Rail News Home Federal Legislation & Regulation 7/6/2018 Rail News: Federal Legislation & Regulation TSB's Fox: Five years after Lac-Megantic, safety steps still needed On July 6, 2013, an unattended runaway Montreal, Maine & Atlantic Railway train carrying Bakken crude oil derailed in Lac-Megantic. The train exploded, causing a massive fire that killed 47 people.…
Rail News Home Federal Legislation & Regulation 7/5/2018 Rail News: Federal Legislation & Regulation Canada issues funds for Thunder Bay port project Canadian Pacific and CN both serve the port. Photo – portofthunderbay.com The Canadian government has committed CA$7.5 million for an infrastructure project at the Port of Thunder Bay.The project involves adding tracks and…
