Union Pacific

(Port NOLA Photograph)

For Port NOLA, a $1MM FEMA Security Grant

The Port of New Orleans, La., (Port NOLA) will use a $1,040,583 Federal Emergency Management Agency (FEMA) grant to make physical and technology upgrades that will improve the Harbor Police Department’s surveillance

Class I Briefs: UP, CPKC

Union Pacific (UP) participates in Breast Cancer Awareness Month. Also, Canadian Pacific Kansas City (CPKC) unveils its 2024 Holiday Train schedule and artist lineup.

(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.

Class I Briefs: UP, CSX, NS, BNSF

Union Pacific (UP) and The Manufacturing Institute release “Careers on Track: 3 Years of Impact,” a video highlighting their joint efforts to inspire the workforce of tomorrow. Also, CSX President and CEO Joe Hinrichs celebrates his second anniversary with the Class I; Norfolk Southern’s (NS) Norris Yard drives performance improvements; and BNSF completes a maintenance project on its bridge in Sibley, Mo., one of the last single-track sections on the Class I’s Southern Transcon route.