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…
Posts published in “Railroad Legal News”
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 1/4/2019 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 1/7/2019 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…
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 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…
(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…
(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.…
Rail News Home Federal Legislation & Regulation 1/7/2019 Rail News: Federal Legislation & Regulation DeFazio to chair House Transportation and Infrastructure Committee U.S. Rep. Peter DeFazio (D-Ore.) Photo – DeFazio's office U.S. Rep. Peter DeFazio (D-Ore.) last week was elected chairman of the House Transportation and Infrastructure Committee for the 116th Congress. DeFazio had been…
Rail News Home Federal Legislation & Regulation 1/11/2019 Rail News: Federal Legislation & Regulation Rhode Island business park awarded grant for freight-rail project Rail-car volume in the Quonset Business Park has tripled since 2007. Photo – Quonset Development Corp. A $3 million federal grant has been awarded to help support Quonset Development Corp.'s (QDC) freight-rail…