CSX, the fourth Class I railroad to report second-quarter 2020 earnings, was hit hard by the freight traffic falloff and economy in recession created by the global COVID-19 pandemic, which appears to have entered a second wave in the U.S. CSX’s 2Q2020 net earnings of $499 million, or $0.65 per share, were a 57.4% free-fall compared to the 2019 period’s $870 million, or $1.08 per share.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended July 18, 2020, and, for this week, total U.S. weekly rail traffic was 481,597 carloads and intermodal units, down 8.5% compared with the same week last year.
OmniTRAX, an affiliate of The Broe Group, is bringing its Rail-Ready Sites program to the Winchester & Western Railroad (WW) in Virginia. The Rail-Ready Sites program connects rail-served properties with customers looking to maximize supply chain efficiencies.
Canadian Pacific (CP) announced second-quarter 2020 financial and operating results, which saw net profit fall 12% and revenue decrease 9% amid “immense challenges” created by the COVID-19 pandemic. Yet, CP recorded revenues of C$1.79 billion (US$1.3 billion) and a 2Q-record operating ratio of 57% in 2Q20.
LEDtronics® recently added new colors to its offerings of intermediate-based LED bulbs. The new high-lumen LED T5 Tube Bulbs are now available in any combination of multiple base selections and emitted light colors.
The Managing Director of the Capitol Corridor Joint Powers Authority (CCJPA), Rob Padgette, was elected Chair of the State-Amtrak Intercity Passenger Rail Committee (SAIPRC) on June 24, 2020.
As New York City enters Phase 4 of reopening, New York’s Metropolitan Transportation Authority (MTA) launched “Operation Respect,” a multi-layered strategy to encourage universal face covering compliance by customers on the region’s trains, buses and commuter rails.
Reading and Northern Railroad (R&N) recently added to its Coal Marketing department as Karl Laubenstine has joined the team as VP – Coal Marketing and Sales, effective July 20, 2020. In his new position, Laubenstine reports to Bill Clark, Senior VP Coal Marketing.
LILEE Systems has released its Next Generation Communications Management Unit solution, which aims to enable wireless communications security and interoperable key exchange for the ACSES II Positive Train Control (PTC) system, a form of PTC implemented by Northeast Corridor (NEC) railroads.
The Province of British Columbia has selected the ACCIONA-Ghella Joint Venture as its “preferred proponent team” to enter into final negotiations on a contract worth a purported C$2.83 billion for design and construction of the Broadway Subway Project, an extension of the Millennium Line and a key link in Metro Vancouver’s transportation system.