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Posts published in “Railroad Legal News”

If you have to buy a Chinese stock, stick with Alibaba

CNBC's Jim Cramer explains how Alibaba is an investor’s best bet when it comes to investing in Chinese stocks during the trade war.The "Mad Money" host also hears from his resident energy expert, RBN Energy's Rusty Braziel.In the lightning round, Cramer says one best-of-breed stock is a bit expensive for his taste. Lightning round: Cleaning…

FRA provides grants for 11 PTC projects

Rail News Home Federal Legislation & Regulation 12/26/2018 Rail News: Federal Legislation & Regulation FRA provides grants for 11 PTC projects Amtrak’s first host-owned territory that was implemented with PTC involved BNSF subdivisions. Photo – Amtrak The Federal Railroad Administration (FRA) announced late last week it awarded $46.3 million in grants for 11 positive train…

STB reveals four Class Is were ‘revenue adequate’ in 2017

Rail News Home Federal Legislation & Regulation 12/27/2018 Rail News: Federal Legislation & Regulation STB reveals four Class Is were 'revenue adequate' in 2017 The Surface Transportation Board (STB) announced last week that the Class Is that achieved "revenue adequacy" for 2017 were BNSF Railway Co., Norfolk Southern Corp.'s combined railroad subsidiaries, Canadian Pacific's Soo…

U.S. Rep. Lipinski to chair House rail subcommittee

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…

FRA allows Denver RTD to proceed with corrective plan

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…

USDOT: Four railroads fully met PTC implementation deadline

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…

Senate confirms Fuchs, Oberman appointments to STB

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…

APTA: Commuter roads met PTC deadline requirements at 2018’s end

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…

Canadian environmental agency seeks public feedback on proposed Kamloops yard

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…

Union Pacific quarterly revenue rises 6 pct

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…