CG Railway’s traffic grew 53% last year thanks to the increased capacity of its new rail ferries, the company said this week. The short line, a joint venture of Genesee & Wyoming and SEACOR Holdings, floats freight cars across the Gulf of Mexico. The route links the ports of Mobile, Ala., and Coatzacoalcos in Veracruz, […]
OMAHA, Neb. — Union Pacific has been named to Fortune magazine’s list of the World’s Most Admired Companies for the 17th time in 21 years. UP is the highest-ranked railroad in the magazine’s Trucking, Transportation, and Logistics category. The annual list is compiled through a survey conducted by global consulting firm Korn Ferry. Executives, directors, […]
SACRAMENTO — A $600 million award to L.A. Metro for its East San Fernando Valley Light Rail Transit Corridor project heads the more than $2.5 billion in funding announced this week by the California State Transportation Agency for transit projects, most of them rail-related. The awards are to 16 projects, including funding announced earlier this […]
WASHINGTON — U.S. rail traffic began 2023 in sluggish fashion, with overall volume for January down 3.2% from the first month of 2022, according to the Association of American Railroads. Weekly traffic for the week ending Jan. 28 was also down compared to the corresponding week a year earlier. The January figures included a 2.2% […]
CHICAGO — Norfolk Southern’s effort to expand its 47th Street Yard on Chicago’s South Side has finally cleared a regulatory hurdle from the Chicago City Council. The Chicago Tribune reports that the council voted today (Wednesday, Feb. 1) to approve the land deal necessary for the railroad to expand the yard southward by adding intermodal […]
SAN CARLOS, Calif. — Caltrain will receive $367 million in state funding to complete electrification of its San Francisco-San Jose main line, the commuter rail operator announced Tuesday. The funds will come from the state’s Transit and Intercity Rail Capital Program, and prevents diversion of operation funding that Caltrain had identified as a possible source […]
CALGARY, Alberta — Canadian Pacific reported strong fourth quarter earnings on Tuesday and expects to see volume growth this year despite economic uncertainty. The railway’s earnings call was a sideshow to the main event: The pending Surface Transportation Board decision on the proposed CP-Kansas City Southern merger. “We finished the year with the people, capacity […]
NEW YORK — On a second consecutive day highlighting plans to support rail infrastructure projects, President Joe Biden said today (Tuesday, Jan. 31) that the federal government would provide $292 million in grants for the early stages of the effort to build new rail tunnels beneath the Hudson River to connect New York and New […]
NEW YORK — The Metropolitan Transportation Authority project to bring Metro-North commuter rail service to Penn Station via Amtrak’s Hell Gate Line, while building four new stations in the Bronx, has barely begun — but is already facing notable delays. Bloomberg reports Jamie Torres-Springer, president of MTA Construction and Development, told an MTA board committee […]
BALTIMORE — President Joe Biden today announced that the project to replace the Baltimore & Potomac Tunnel, a Northeast Corridor bottleneck dating to 1873, will receive more than $4 billion in federal infrastructure funding. “The structure is deteriorating. The roof is leaking. The floor is sinking. This is the United States of America, for God’s […]
WASHINGTON — As part of their merger, Canadian Pacific and Kansas City Southern will work with a group of Chicago-area communities on voluntary measures to address traffic concerns in those communities, the railroads say in the final Environmental Impact Statement released today (Friday, Jan. 27) by the Surface Transportation Board’s Office of Environmental Analysis. The […]
WASHINGTON — The Canadian Pacific-Kansas City Southern merger would cause few adverse environmental impacts aside from increased train noise in some locations, the Surface Transportation Board said in its final environmental impact statement today. The three-volume environmental impact statement, or EIS, incorporates comments the STB received at public hearings along CP and KCS routes in […]
