Kentucky Directs $2.5 Million to Freight Rail Projects
In an effort to boost multimodal freight transportation, Kentucky Gov. Andy Beshear announced $2.5 million in awards to improve at-grade rail crossings.
Rail Industry Defends Safety Record Amid Staffing Cuts
OMAHA, Neb. — Even as railroads are operating longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing levels, prompting unions to warn that moves meant to increase profits could endanger safety and even result in disasters.
New York Gov. Cuomo Announces $87 Million in Rail, Port Funding
New York Gov. Andrew Cuomo announced the availability of $87 million for port and rail improvements in an effort to enhance the state’s trade corridors,
Railroads Install Crash-Prevention System Ahead of US Deadline
U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29.
Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge
U.S. railroads are back, with freight volume posting the first quarterly gain in two years.
CSX Agrees to Buy New England’s Pan Am Railways
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
CSX Reports Lower Q3 Net Income, Revenue
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
DOT Announces Funding Availability for Rail Crossing Projects
The U.S. Department of Transportation has made available $50 million in grant funding to commuter rail agencies that are conducting projects to improve safety at railway-highway crossings.
Union Pacific Posts Profit, Revenue Declines in Q2
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.