news

(Courtesy of IANA)

IANA: Intermodal ‘Stays Strong’ in 2Q25

The Intermodal Association of North America’s (IANA) latest report finds that total intermodal volume in second-quarter 2025 was up 2.4% from the same quarter last year—part of a “strong” first half of 2025, which was “backed by a rush to move as much freight as possible before tariffs go into effect.”

(CN Photograph)

CN, CPKC: Ready for 2025-26 Grain Service

CN and Canadian Pacific Kansas City (CPKC) have published their respective grain plans required by the government of Canada to assess how much product they expect to move during the 2025-26 crop year (Aug. 1, 2025-July 31, 2026) and to identify the actions they are taking to meet demand.

  • News

People News: Amtrak, Trinity Metro, Urban Engineers, Inc.

Amtrak names Costin Corneau as Executive Vice President and Chief Financial Officer (CFO). Also, Trinity Metro names Reed Lanham as Chief Operating Officer (COO); and Urban Engineers, Inc. (Urban) names James (Jim) Bilella, PE, as CEO, and promotes Christopher Bobrowski, CPA, to CFO.

(Courtesy of Railway Age)
  • News

Railway Age: August 2025 Digital Edition On Line

The August 2025 issue of Railway Age is now available digitally, with deep dives into Union Pacific’s much-anticipated bid for Norfolk Southern to create the first U.S. transcontinental railroad.

KB Signaling Launches IXC-R20™

Ten months after completing its $690 million purchase of Alstom Signaling North America’s conventional product portfolio, Knorr-Bremse North American subsidiary KB Signaling has introduced the IXC-R20™ Integrated Crossing Control Module, described as “the

MTA’s July Financial Plan forecasts approximately $50 million less in deficits for Fiscal Year 2027 and 2028, totaling $98 million. This is in addition to the $100 million announced in November, totaling $198 million less in deficits than this time last year, according to MTA. The projected deficit for Fiscal Year 2029 is $428 million. These funding shortfalls, MTA said, are in large part due trip growth in Paratransit. (Courtesy of MTA)

Transit Briefs: NYMTA, Denver RTD

The New York Metropolitan Transportation Authority (MTA) releases its July Financial Plan, showing balanced operating budgets for 2025 and 2026 and narrowed deficits in 2027 and 2028, and announces a TOD (transit-oriented development) project near Metro-North’s Beacon, N.Y., station. Also, Denver (Colo.) Regional Transportation District (RTD) authorizes a successor contract for two-thirds of its workforce.

MinhChau Corr, incoming General Counsel, VRE (Photograph courtesy of VRE)
  • News

People News: VRE, Arup

Virginia Railway Express (VRE) appoints MinhChau Corr as General Counsel, succeeding Steve MacIsaac, who will retire in September. Also, the Arup consultancy announces its new Americas leadership team members.

STB Receives Notice of Intent for Proposed UP-NS Merger

The Surface Transportation Board (STB) on July 30 confirmed that it has received a notice of intent regarding a proposed merger that would result in the combination of Union Pacific (UP) and Norfolk Southern (NS). This notice, required under the Board’s merger regulations at 49 C.F.R. Part 1180, “initiates the regulatory review process for a proposed major merger between two Class I railroads.”

Trinity’s Savage: 2Q25 Results Highlight ‘Robust Performance’

Trinity Industries President and CEO Jean Savage said in a July 31 financial report that the company’s second-quarter 2025 results “highlight the robust performance of our leasing business and Trinity’s capability to generate substantial cash flow. We are seeing recovery in new railcar demand as sequential order volumes improved, and we generated a book-to-bill of 1.3x.”

Commentary
  • News

The Transcontinental Railroad Begins With UP+NS

The Union Pacific+Norfolk Southern merger terms were largely as expected. NS can walk away from UP for an unsolicited better offer ($11/share break fee), but a BNSF-CSX combination is more likely than a Berkshire Hathaway bidding war with UP. The regulatory timeline to 1H27 was also expected, but lack of a voting trust and the right to walk if STB imposes certain conditions favor UP.

James E. Wolfe. (Photograph courtesy of Wolfe)
Commentary

A Wolfe at STB’s Door. Will He Make Entry?

If you think federal regulatory agencies—even federally owned Amtrak—have strayed from what former Southern Railway and Conrail CEO L. Stanley Crane termed, “stick to your knitting,” you’re not ridin’ the rails solo.

Transit Briefs: DART, Valley Metro, PANYNJ/PATH

Dallas Area Rapid Transit (DART) partners with the Federal Railroad Administration (FRA) to establish quiet zones along the Silver Line. Also, Valley Metro unveils an enhanced commuter ride matching tool; and the Port of Authority of New York and New Jersey’s (PANYNJ) PATH commuter rail system sees its busiest first half since the pandemic.