OMAHA, Neb. (AP) — CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter. That's up significantly from last year's $510 million, or 55 cents…
Posts published in “Railroad Legal News”
Rail News Home Federal Legislation & Regulation 7/13/2018 Rail News: Federal Legislation & Regulation Panhandle Northern Railroad seeks CRISI grant for safety improvements The city is the lead applicant for the grant, but is joined by the short line and the Panhandle Regional Planning Commission as co-applicants Photo – City of Borger website The city…
Rail News Home Federal Legislation & Regulation 7/13/2018 Rail News: Federal Legislation & Regulation FRA's Batory tours CSX's Virginia Avenue Tunnel project FRA Administration Ronald Batory (center, in dark suit and red tie) toured CSX's Virginia Avenue Tunnel project, which is slated to wrap up this year. Photo – National Railroad Construction and Maintenance Association…
Rail News Home Federal Legislation & Regulation 7/9/2018 Rail News: Federal Legislation & Regulation Trump chooses former Metra Chair Oberman for open STB seat Martin Oberman Photo – Chicago Metropolitan Agency for Planning President Donald Trump has nominated former Metra Chairman Martin Oberman as a Surface Transportation Board (STB) member.If his nomination is approved by…
Rail News Home Federal Legislation & Regulation 7/6/2018 Rail News: Federal Legislation & Regulation TSB's Fox: Five years after Lac-Megantic, safety steps still needed On July 6, 2013, an unattended runaway Montreal, Maine & Atlantic Railway train carrying Bakken crude oil derailed in Lac-Megantic. The train exploded, causing a massive fire that killed 47 people.…
Rail News Home Federal Legislation & Regulation 7/5/2018 Rail News: Federal Legislation & Regulation Canada issues funds for Thunder Bay port project Canadian Pacific and CN both serve the port. Photo – portofthunderbay.com The Canadian government has committed CA$7.5 million for an infrastructure project at the Port of Thunder Bay.The project involves adding tracks and…
Rail News Home Federal Legislation & Regulation 7/3/2018 Rail News: Federal Legislation & Regulation UP diversion route completed near Cal Poly Pomona UP helped pay for the project's cost. Photo – up.com Federal government and California Polytechnic University Pomona officials will gather Thursday to mark the start of a new freight-rail diversion route that will…
Rail News Home Federal Legislation & Regulation 7/2/2018 Rail News: Federal Legislation & Regulation House Democrats warn FRA against PTC exemptions U.S. Rep. Peter DeFazio Photo – https://defazio.house.gov House Democrats last week warned the Federal Railroad Administration (FRA) against issuing exemptions that allow railroads to avoid implementing positive train control (PTC).In a letter to FRA…
Rail News Home Federal Legislation & Regulation 6/28/2018 Rail News: Federal Legislation & Regulation Safety board recommends Canada update rail employee training, regs The Transportation Safety Board of Canada (TSB) has recommended that Transport Canada update railway employee qualification standards to address gaps in training and regulatory oversight for workers in critical safety positions.The TSB's…
Rail News Home Federal Legislation & Regulation 6/27/2018 Rail News: Federal Legislation & Regulation House passes transportation security bill U.S. Rep. Donald Payne Jr. (D-N.J.) Photo – House.gov The U.S. House of Representatives has passed a bill that would increase security at the nation's transportation facilities.The Securing Public Areas of Transportation Facilities Act of 2018…