news

(CSX Photograph)
Commentary

TD Cowen 3Q24 Earnings Preview

We adjust our third-quarter 2024 estimates for the U.S. railroads to reflect volumes quarter-to-date (QTD), mix headwinds and diesel tailwinds. Our TD Cowen rail survey offers a slightly negative read for the rail pricing outlook. Hurricane Helene could have notable impact in the fourth quarter for the Eastern carriers but it is too soon to know just how much. We remain cautious on U.S. group into the print.

Transit Briefs: MBTA, NYMTA, TriMet, LA Metro, LOSSAN Rail Corridor Agency

Arlington, Mass., explores an extension of the Massachusetts Bay Transportation Authority (MBTA) Red Line. Also, the New York Metropolitan Transportation Authority (MTA) commits to awarding up to $7.5 billion to historically underutilized businesses as part of its next Capital Plan; a new survey shows the overall approval of TriMet increasing; LA Metro’s August ridership marks the 21st consecutive month of year-over-year growth; and Gov. Gavin Newsom signs legislation giving California more agency in managing the Los Angeles-San Luis Obispo-San Diego (LOSSAN) rail corridor.

(Map Courtesy of BNSF)

BNSF Offers New Express Carload Service (Map Updated 10/2)

BNSF on Sept. 30 reported launching express carload service from Spokane, Wash., to the “fast-growing” markets of Denver, Colo., and Salt Lake City, Utah, as a complement to its existing service from the Pacific Northwest to Texas, which debuted in 2017.

  • News

Alstom to Open New Philadelphia Project Office

Alstom on Sept. 30 announced that it is opening a new project office in the heart of Philadelphia’s Center City. The company has a long history in Pennsylvania and is currently manufacturing the traction system for Southeastern Pennsylvania Transportation Authority’s (SEPTA) next generation of light rail cars in West Mifflin.

(FRA image)

FRA: More Than $1B in Funding Available for Non-NEC Passenger Rail Projects

The Federal Railroad Administration (FRA) on Oct. 1 issued a Notice of Funding Opportunity (NOFO) announcing the availability of more than $1 billion in funding to expand and modernize intercity passenger rail nationwide through the Federal-State Partnership for Intercity Passenger Rail Program for projects not located on the Northeast Corridor (Fed- State National Program).

Report: Railroads’ Lawsuit Against CARB Stayed

A federal judge Monday stayed railroad industry groups’ lawsuit against the California Air Resources Board (CARB), “aimed at blocking newly adopted environmental regulations which, over time, will limit pollution and greenhouse gas

The SEPTA Board has approved the purchase of 100 full-length fare gates from Conduent Transport Solutions, Inc. (SEPTA Photograph)

Transit Briefs: SEPTA, MBTA, WMATA, BART

Southeastern Pennsylvania Transportation Authority (SEPTA) expands its pilot program on combating fare evasion with the purchase of 100 full-length fare gates. Also, Massachusetts Bay Transportation Authority (MBTA) releases a climate assessment; Washington Metropolitan Area Transportation Authority (WMATA) will soon transition to operator-attended ATO (Automatic Train Operation); and San Francisco Bay Area Rapid Transit District (BART) breaks its post-pandemic ridership record.

Canadian Pacific Kansas City Constable Trevor Smith is this year’s winner of the Roger Cyr Award for “extraordinary contributions to rail safety in Canada,” according to Operation Lifesaver Canada. (Image Courtesy of Operation Lifesaver Canada)

Class I Briefs: CSX, NS, CPKC

CSX and Norfolk Southern (NS) each contribute $100,000 to Hurricane Helene relief efforts. Also, Canadian Pacific Kansas City (CPKC) Police Constable Trevor Smith earns Operation Lifesaver Canada’s 2023 Roger Cyr Award.

(NS Photograph)

NS Confers 2023 Safe Shipping Award

Norfolk Southern (NS) has awarded its 2023 Thoroughbred Chemical Safety Award to 59 customers, recognizing their safe handling of rail-shipped hazardous materials.

An artist's rendering of Scarlett Station, one of two above-ground stations on the 5.7-mile Eglinton Crosstown West Extension project, which will also include four underground stations and one at-grade/trenched terminus station. (Metrolinx Image)
  • M/W

Three Teams Shortlisted for Eglinton Crosstown West Extension-SRS Contract

Canada’s Infrastructure Ontario and Metrolinx on Sept. 27 reported issuing a Request for Proposals (RPF) for the Stations, Rail and Systems (SRS) package for the Eglinton Crosstown West Extension, which will bring future Eglinton Crosstown LRT service 5.7 miles (9.2-kilometers) farther west, creating a transit line that will run from Scarborough all the way into Mississauga. Three teams have been prequalified and invited to bid.

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Commentary

Can Boxcars Compete for Truckload Movements?

Boxcars hold a special place in my unlikely vision for freight railroads’ future. I say “unlikely” because I do not think many other railroad people share this vision, but Railway Age’s interest

MTS Copper Line East County Connector Debuts

The San Diego Metropolitan Transit System (MTS) Copper Line East County Connector, which replaces San Diego Trolley Green and Orange Line service north of El Cajon Transit Center, entered revenue service Sept.

Commentary

TD Cowen NEARS Fall 2024 Takeaways

At the NEARS (North East Association of Rail Shippers) Fall 2024 Conference in Pittsburgh, a leading IMC (intermodal marketing company) panelist sees a 99% chance of a week-long East Coast strike as