Savage revealed that it has been chosen by ExxonMobil and SABIC to design, build and operate a rail facility that will serve their recently announced joint venture, Gulf Coast Growth Ventures (GCGV), to be constructed in San Patricio County, Texas.
Congressman Dan Kildee (D-MI-5) recently joined representatives from Lake State Railway (LSRC) for a tour and transportation public policy discussion at LSRC headquarters in Saginaw, Mich.
The Short Line Safety Institute (SLSI) recently announced the launch of its Leadership Development Program, which was created to “address soft skills in railroad management with a focus on communication, mentoring and coaching.”
The New Jersey Transit (NJT) Board of Directors recently announced that it has adopted a Fiscal Year 2020 (FY 2020) operating budget of $2.39 billion and a $1.42 billion capital program—the budget does not include a fare increase for FY 2020—that aims to support continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience.
Rail and transit consulting firm SYSTRA recently announced that Norine M. Walker, P.E., has joined the team as Vice President.
Kansas City Southern (KCS) posted record revenues of $714 million, a 5% yearly increase, for 2Q19 despite “flat volumes,” the company reported on July 19.
Louisville, Ky.-based Road & Rail Services, Inc. was honored, for the third consecutive year, with The Automotive Quality Excellence Award from the Association of American Railroads (AAR).
The Association of American Railroads (AAR) recently reported U.S. rail traffic for the week ended July 13, 2019, and it appears that it’s still “in the doldrums.”
CSX Corp. (CSX) today announced a 2Q19 earnings per share increase of 7% on net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same period last year. In addition, CSX’s operating ratio set a company second-quarter record of 57.4%, improved from 58.6% the prior year.
Canadian Pacific Railway (CP) announced it set record second-quarter revenues of C$1.98 billion, an increase of 13% from last year’s C$1.75 billion, and a second-quarter operating ratio record of 58.4%, a 580 basis point improvement over last year’s second-quarter operating ratio of 64.2%.