The nation’s railroads have made significant strides implementing Positive Train Control (PTC), a former Federal Railroad Administration (FRA) administrator says.
The federal government is expecting railroads to implement positive train control (PTC) systems by the Congressionally mandated Dec. 31 deadline, Transportation Secretary Elaine L. Chao said in a letter.
Total rail traffic volume in the United States in 2016 was 26,587,351 carloads and intermodal units, down 5 percent or 1,389,323 carloads and intermodal units from the same point last year.
A shareholder class action lawsuit has been filed against Kansas City Southern on behalf of purchasers of the common stock of KCS between Oct. 18, 2013, and Feb. 18, 2014.