“Our steadfast commitment to improving productivity and executing our Precision Scheduled Railroading strategy has propelled us to another record operating ratio performance, while we grew revenues and earnings in the quarter,” Norfolk Southern (NS) Chairman, President and CEO James A. Squires said April 28 during a 2021 earnings announcement.
Amtrak, on the eve of a 50th Anniversary virtual celebration slated to feature President Joe Biden, has filed a petition asking the Surface Transportation Board to deny CSX’s and Norfolk Southern’s motion to dismiss Amtrak’s application to restore passenger rail service to the Gulf Coast between New Orleans, La., and Mobile, Ala.
Railway Age is pleased to present the results of its second annual Readers’ Influential Leaders program.
Two first-quarter 2021 surveys of rail shippers on pricing and business outlook as well as equipment needs conducted by Cowen and Company analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper indicate that, compared with the previous quarter, Class I railroad customers are anticipating somewhat higher rate increases, and a slight decline in new railcar demand.
“Unripe.” That is what CSX and Norfolk Southern (NS) have called Amtrak’s application with the Surface Transportation Board (STB) asking for an order requiring the freight railroads to permit access for twice daily round-trip passenger service between New Orleans and Mobile, starting on or about Jan. 1, 2022.
The Vermont Rail System (VRS) has opposed CSX’s acquisition of the Pan Am System in a filing with the Surface Transportation Board.
Rail industry leaders were bullish on the quarter-to-date at the latest “Suds with Seidl” event, with one panelist citing a spring surcharge for containers, underlying the strong rate backdrop for carriers.
In a move that appears to be a pre-emptive strike, Amtrak has asked the Surface Transportation Board (STB) to intervene on its behalf if CSX and Norfolk Southern don’t cooperate on hosting proposed new service between New Orleans and Mobile.
Shipping container shortages in Asia, traffic jams at ports, limited availability of dockworkers and truck drivers from Southern California to Singapore, higher shipping prices—all are part of a now-stretched supply chain due to the pandemic, according to a recent New York Times report. What is the impact on rail?
Denver-based OmniTRAX is linking with customers interested in locating in northwest Ohio.