Press "Enter" to skip to content

Posts published in “Railroad Legal News”

Canada’s TSB highlights fatigue on safety watchlist

Rail News Home Federal Legislation & Regulation 10/31/2018 Rail News: Federal Legislation & Regulation Canada's TSB highlights fatigue on safety watchlist TSB Chair Kathy Fox discussed the board's 2018 Watchlist at a press conference this week. Photo – TSB YouTube The Transportation Safety Board of Canada (TSB) this week released its Watchlist 2018 to highlight…

Senate bill would provide railroads, ports equal footing for INFRA grants

Rail News Home Federal Legislation & Regulation 10/26/2018 Rail News: Federal Legislation & Regulation Senate bill would provide railroads, ports equal footing for INFRA grants Sen. Tom Carper Photo – Carper's office Sen. Tom Carper (D-Del.) earlier this month introduced S. 3587, a bill that proposes to provide rail, intermodal and port projects a better…

UPDATE 2-Union Pacific profit beats, shares rise

(Recasts first sentence with expected impact of U.S. trade policies, adds executive comments, share price) Oct 25 (Reuters) - Union Pacific Corp reported a bigger-than-expected jump in quarterly profit on Thursday and said it was redoubling efforts to run its trains more effectively amid looming risks from new U.S. trade policies and economic softening in…

UPDATE 3-Union Pacific profit beats, shares rise

(Adds detail on operating margin) Oct 25 (Reuters) - Union Pacific Corp on Thursday posted a bigger-than-expected jump in quarterly profit and said it was working to run its trains more efficiently as new U.S. trade policies and economic softening in Europe threaten to slow business down. Shares of Union Pacific, which connects 23 states…

Union Pacific profit rises 33 percent

Oct 25 (Reuters) - No. 1 U.S. railroad Union Pacific Corp reported a 33 percent rise in quarterly profit on Thursday, boosted by a rise in freight revenue. The company's net income rose to $1.59 billion, or $2.15 per share, in the third quarter ended Sept. 30, from $1.19 billion, or $1.50 per share, a…

UPDATE 1-Union Pacific profit beats on higher freight demand

(Adds third-quarter details, compares with estimates) Oct 25 (Reuters) - Union Pacific Corp, the No. 1 U.S. railroad, topped quarterly Wall Street estimates for profit on Thursday, as it transported more industrial and agricultural products. A strong economy, robust freight demand and a tight trucking market in the United States have buoyed the sector, with…

FRA’s Ries receives Operation Lifesaver’s Champion Award

Rail News Home Federal Legislation & Regulation 10/24/2018 Rail News: Federal Legislation & Regulation FRA's Ries receives Operation Lifesaver's Champion Award Ries is staff director of the FRA's highway-rail crossing and trespasser programs division. Photo – Operation Lifesaver Inc. Operation Lifesaver Inc. (OLI) has presented its Champion Award to the Federal Railroad Administration's (FRA) Ronald…

UPDATE 1-Union Pacific to cut 475 jobs in first wave of planned reductions

(Adds details on union workforce, competition) Oct 23 (Reuters) - Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. Union Pacific, which connects 23 states in the western two-thirds…

UPDATE 3-Kansas City Southern profit soars, trade worry eases; shares climb

(Adds CEO comments on political climate) Oct 19 (Reuters - Railroad operator Kansas City Southern on Friday reported a 34 percent jump in quarterly profit even though network congestion hurt operations in Mexico, where the company has extensive services. Shares jumped 3.6 percent to $106.41 in early trading after Chief Executive Patrick Ottensmeyer said anxiety…

FRA’s Batory meets with PTC system suppliers

Rail News Home Federal Legislation & Regulation 10/18/2018 Rail News: Federal Legislation & Regulation FRA's Batory meets with PTC system suppliers Batory met with the suppliers to better understand the critical supply chain and supply industry's capacity to support the installation and testing requirements. Photo – FRA Federal Railroad Administrator Ronald Batory yesterday completed a…