Author: Andrew Corselli

USDOT Proposes Rule for Safe LNG Transportation

The U.S. Department of Transportation’s (USDOT) Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), announced that it is publishing a notice of proposed rulemaking (NPRM) regarding the transportation of liquefied natural gas (LNG). The proposed rule will seek comment on changes to the Hazardous Materials Regulations (HMR) to authorize the transportation of liquefied natural gas (LNG) by rail in the DOT-113 specification tank cars.

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KCS: Record 3Q19 Revenue

Kansas City Southern (KCS) reported record revenues of $747.7 million, an increase of 7% from third quarter 2018. Overall, carload volumes were flat compared to prior year.

HNTB Adds Two to Its Transit Team

HNTB Corp. announced it has added two new faces to its transit team, as Charles Beauvoir, P.E., S.E., joined as senior program manager and vice president, based in the firm’s Houston office, and industry veteran Jack Buckingham joined the transit and rail practice as vice president, program delivery, based in the firm’s District office.

UP Sets Quarterly OR Record—On Declining Revenues

Union Pacific (UP) relatively flat reported 3Q19 net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the same period last year. Yet, one-upping 2Q19, UP set an all-time best quarterly operating ratio of 59.5%.

CSX Sets Operating Ratio Record in 3Q19

CSX announced 3Q19 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year—an EPS increase of 3%. CSX’s operating ratio set a new company record of 56.8%, improved from 58.7% in the prior year.

AAR Honors Hazardous Material Handlers

The Association of American Railroads (AAR) announced the 2019 recipients of the Holden-Proefrock Award, Danny Simpson, and the 2018 Non-Accident Release (NAR) Grand Slam Awards, presented to 41 companies. The awards are given annually to individuals, shippers and railroads operating in hazardous material fields.

VisioStack Partners With Chilean Railway

VisioStack Inc. has entered into an agreement with Grupo EFE to provide data management and analytics services. Grupo EFE, which is based in Santiago, Chile, provides both passenger and freight services throughout Chile, with its commuter rail service responsible for transporting more than 30 million passengers per year.

NS Releases Corporate Social Responsibility Report

Norfolk Southern (NS) released its 2019 Corporate Social Responsibility (CSR) report, which highlights initiatives that aim to support a cleaner environment, promote economic growth and jobs, foster a diverse and inclusive workplace, and build stronger communities.