Trinity: “Our 1Q Results Reflect Solid Progress”

Trinity Industries announced first-quarter 2020 total company revenues of $615.2 million; quarterly earnings from continuing operations per common diluted share (EPS) of $1.33, an increase of $1.09 year-over-year; and quarterly adjusted EPS of $0.11 and excludes $0.04 per share related to restructuring activities, $0.03 per share related to the early redemption of high coupon debt, and $1.29 per share related to the effects of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act).

ASLRRA Honors 3 Anacostia Affiliates With Jake Awards

The American Short Line and Regional Railroad Association (ASLRRA) announced three Anacostia affiliates—Louisville & Indiana Railroad Company; Northern Lines Railway, LLC, for the seventh year in a row; and Chicago South Shore & South Bend Railroad Company for the sixth year in a row—as winners of the Jake or Jake With Distinction Safety Awards for strong safety performance in 2019.

OmniTRAX Is First Railroad to Join Point A

OmniTRAX, Inc. has become the first railroad to join Georgia-Pacific’s Point A Center for Supply Chain Innovation. As a member, OmniTRAX is working with leading companies, start-ups and academic institutions to develop tangible solutions for more productive and efficient global supply chains.

Cowen on GATX: “We’re Raising our Estimates and Price Target”

GATX Corp. reported first-quarter 2020 net income of $46.3 million, or $1.31 per diluted share, compared to net income of $41.5 million, or $1.12 per diluted share, in the first quarter of 2019.

INRD Receives Business Development Award

The American Short Line and Regional Railroad Association (ASLRRA) has selected the Indiana Rail Road Company (INRD) as the winner of its 2020 Business Development Award, recognizing INRD for its collaboration with Venture Logistics to drive growth in Central Indiana.

R&N, Again, Takes Home Short Line Marketing Award

The American Short Line and Regional Railroad Association (ASLRRA) has named Reading & Northern Railroad (R&N) the winner of its 2020 Short Line Marketing Award. This is the fifth time that R&N has been honored with the award, winning previously in 2010, 2014, 2016 and 2018.

9 Organizations Awarded Healthy Food Distribution Grants

The Conservation Fund announced the recipients for the Grant Program for Transporting Healthy Food. Nine charitable organizations located in Connecticut, Indiana, Maryland, Michigan, New York, North Carolina and Virginia will receive grants ranging from $5,000 to $10,000 to improve their capacity to store and safely deliver fresh, healthy food in their communities.

AA, DCR, INRD, RBMN Take Home ASLRRA’s Business Development Award

The American Short Line and Regional Railroad Association (ASLRRA) has announced that Ann Arbor Railroad (AA), Delmarva Central Railroad (DCR), Railway Age’s 2020 Regional of the Year Honorable Mention, the Indiana Rail Road Company (INRD), and Reading Blue Mountain and Northern Railroad (RBMN), Railway Age’s 2020 Regional of the Year, have taken home its annual Business Development Award.

CP Donates $1MM to COVID-19 Relief

Canadian Pacific (CP) is donating $1 million to four North American charities working on the front lines to help people impacted by COVID-19. In Canada, CP will donate C$350,000 to The Frontline Fund and C$250,000 to Food Banks Canada. In the U.S., CP will donate US$250,000 to Feeding America and up to US$150,000 in matching funds to the American Red Cross.

NS Idles Linwood Terminal Hump Yard

Norfolk Southern is idling its hump yard at Linwood Terminal due to the COVID-19 pandemic.

LOAD MORE