Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge
U.S. railroads are back, with freight volume posting the first quarterly gain in two years.
CSX Agrees to Buy New England’s Pan Am Railways
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
CSX Reports Lower Q3 Net Income, Revenue
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
DOT Announces Funding Availability for Rail Crossing Projects
The U.S. Department of Transportation has made available $50 million in grant funding to commuter rail agencies that are conducting projects to improve safety at railway-highway crossings.
Union Pacific Posts Profit, Revenue Declines in Q2
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.
Most Railroads Nearing Positive Train Control Implementation
Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment.
FRA Announces $311 Million in Funding Availability
More than $311 million in funding is available for projects designed to improve freight and passenger rail connectivity, federal railroad regulators announced this month.
Navis to Acquire Assets From Biarri Rail
Navis has reached an agreement to acquire assets from freight railroad software developer Biarri Rail, the company announced Feb. 20.
February 21, 2020AAR: PTC Implementation for Freight Railroads Almost Finished
Implementation of automatic braking technology for freight railroads is nearly complete, an industry group indicated recently.