JACKSONVILLE, Fla. — CSX Transportation’s earnings dropped sharply in a yo-yo second quarter that included unprecedented declines in traffic volume and revenue, followed by a strong rebound. “Wow. Where do I start in talking about this quarter?” CEO Jim Foote asked in his opening remarks on the railroad’s earnings call Wednesday afternoon. “This was the […]
Still more Monday morning rail news: Dow to sell rail operations to Watco Dow Inc. will sell its rail infrastructure and operations at six sites to Watco for more than $310 million, the chemical giant announced today. The two companies will also enter long-term service agreements to continue to provide service to Dow businesses at […]
Evening rail news in brief for a very busy Monday: Court orders North Dakota pipeline to shut down; crude-by-rail could benefit Crude-by-rail business could see a surge in business following a court ruling that will shut down the largest pipeline serving North Dakota crude production. The New York Times reports the Dakota Access Pipeline must […]
Railroads have gained regulatory approval to haul liquified natural gas in tank cars. Now the questions are how quickly will an LNG market develop and how big will it be? Controversial new federal regulations governing the movement of LNG by rail are scheduled to go into effect next month. Previously LNG shipments required special permits […]
At the time of their merger in 1968, both the Pennsylvania and New York Central had extensive intermodal operations, with PRR using conventional Trailer Train cars in piggyback service and NYC using Flexi-Van equipment in an early form of containerized traffic. Penn Central retained both systems initially, but Flexi-Van traffic gradually declined. By late […]
The U.S. Department of Transportation has issued its final rule for transportation of liquefied natural gas by rail, a controversial and highly politicized new rule which will take effect 30 days after its publication in the Federal Register. The rule, developed by the DOT’s Pipeline and Hazardous Materials Safety Administration in consultation with the Federal […]
Thursday morning rail news in brief: Group tells STB of opposition to Uinta Basion rail project An environmental group has filed its objection to Utah’s proposed Uinta Basin Railway with the Surface Transportation Board. The letter from Chicago attorney Thomas McFarland, representing the Argyle Wilderness Preservation Alliance, asks that the STB provide at least 45 […]
MONTREAL — Canadian National will be ready to take advantage of economic changes that have been accelerated by the coronavirus pandemic, CEO JJ Ruest told an investor conference today. Ruest paraphrased hockey great Wayne Gretzky, saying that CN wants to head where the puck will be rather than where the puck is today. And that […]
CAPE CANAVERAL, Fla. — For the first time in 10 years, Florida East Coast Railway has handled a train of NASA rocket boosters bound for Kennedy Space Center. Friday’s move of FEC’s “NASA-12” extra brought the Northrop Grumman solid rocket boosters for the Space Launch System Artemis 1, the first of an estimated nine such […]
More Wednesday morning rail news in brief: Alberta will study feasibility of Calgary-Banff rail line The government of Alberta announced Tuesday that it will study the feasibility of creating rail service between Calgary and the Rocky Mountain community of Banff, a project which would boost the area’s tourism industry. Global News reports the provincial government […]
Railroad volumes are beginning to show signs of early recovery after the sharp downturn that accompanied the coronavirus pandemic, executives from four Class I railroads told an investor conference on Tuesday. Officials from Canadian National, CSX Transportation, Kansas City Southern, and Union Pacific all said the resumption of North American auto production and its impact […]
FORT WORTH, Texas – BNSF Railway this week launched domestic intermodal service between Seattle and CSX Transportation’s Northwest Ohio Intermodal Terminal. “This new container-only service will initially be offered five days a week for both eastbound and westbound freight originating and terminating at our South Seattle Intermodal Facility,” BNSF said in a message to customers […]
