No news is good news—or at least that’s how it seems when the Association of American Railroads (AAR) reports on U.S. rail traffic. But according to some industry analysts, the U.S. Class I freight rail industry is in a recession.
Sixty-two and 294—these two numbers may seem arbitrary to some, but they’re music to the ears of Short Line Tax Credit supporters.
CN reported “strong results” for its financial and operating results for the third quarter ended Sept. 30, 2019, such as a 4% increase in revenues and diluted earnings per share (EPS) increase of 8%.
The Federal Railroad Administration (FRA) recently posted a Notice of Funding Opportunity (NOFO) for a Railroad Trespassing Enforcement Grant Program worth $150,000.
Global infrastructure investor First State Investments (FSI) has completed its acquisition of Patriot Rail and Ports from SteelRiver Infrastructure Partners, an independent investment manager. Financial terms of the deal—which was for 100% equity—were not disclosed.
Rex Brejnik has been named the West Regional Market Lead for the Transit and Rail Technical Excellence Center (TEC) at WSP USA.
Canadian Pacific (CP) recently announced the performer lineup and schedule for the 21st annual CP Holiday Train program.
Tech Mahindra will launch a subscription-based Positive Train Control (PTC) digital training program customized for employees of short line railroads in the U.S. for American Short Line and Regional Railroad Association (ASLRRA) members.
The Virginia Railway Express (VRE) Operations Board has parted ways with CEO Doug Allen.
Amtrak Inspector General Kevin H. Winters recently issued a report about the economic impact of sub-standard On-Time Performance (OTP) of Amtrak trains caused by the freight railroads that host and dispatch its services.