Rail News Home Federal Legislation & Regulation 2/1/2018 Rail News: Federal Legislation & Regulation Amtrak train carrying GOP lawmakers hits truck at grade crossing NTSB investigators look over the scene of yesterday's crash in Crozet, Virginia. Photo – NTSB's Flickr account The National Transportation Safety Board (NTSB) has launched an investigation into what caused an…
Posts published in “Railroad Legal News”
Rail News Home Federal Legislation & Regulation 2/2/2018 Rail News: Federal Legislation & Regulation House railroad subcommittee schedules PTC hearing The U.S. House Subcommittee on Railroads, Pipelines and Hazardous Materials will host a Feb. 15 hearing on positive train control (PTC) implementation.The committee anticipates it will receive testimony from Amtrak, the National Transportation Safety Board,…
(John Kemp is a Reuters market analyst. The views expressed are his own) * Chartbook: http://tmsnrt.rs/2DB9aLY LONDON, Jan 26 (Reuters) - Freight movements in the United States and around the rest of the world are growing at some of the fastest rates this decade, which should provide a big boost for diesel consumption in 2018.…
OMAHA, Neb. (AP) — Union Pacific reported $6.1 billion jump in fourth-quarter profit thanks to a sweeping change in U.S. tax laws, but the profit growth was a more modest $60 million when that one-time benefit is stripped away. The Omaha, Nebraska, railroad on Thursday reported a profit of $7.28 billion, or $9.25 per share.…
(Adds senator calling for urgent rail safety hearing) WASHINGTON, Dec 21 (Reuters) - As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay finalizing U.S. rail safety regulations. Making American railroads safer drew renewed attention after…
OMAHA, Neb. (AP) — Norfolk Southern said the recent tax cuts added nearly $3.5 billion to its bottom line in the fourth quarter, but even without that the railroad's profits were up 17 percent. The Norfolk, Virginia-based company said Wednesday it earned $3.97 billion, or $13.79 per share. But without the changes in its tax…
(Adds revenue, CEO comment) Jan 24 (Reuters) - Norfolk Southern Corp, the fourth-largest U.S. railroad by revenue, reported on Wednesday an adjusted fourth-quarter profit that beat Wall Street's estimates on growth in commodity volumes. The Norfolk, Virginia-based carrier also benefited mightily from the new tax law, posting quarterly net income of $3.97 billion, or $13.79…