November 2014 – Railfanning.org

Amtrak covers 93 percent of operating costs in FY 2014

November 30, 2014 Todd DeFeo

Amtrak’s $227 million operating loss in Fiscal Year is the railroad’s lowest since 1973, the railroad said.

MARTA Train Derails on Thanksgiving Day

November 27, 2014 Railfanning.org News Wire

An out-of-service MARTA train with no passengers on board derailed today about 10 a.m. on an aerial overpass at Interstate 85 near Riverdale Road.

Norfolk Southern Buying Rail Line from Delaware & Hudson

November 27, 2014 Railfanning.org News Wire

Norfolk Southern Corp. is acquiring from the Delaware & Hudson Railway Co. (D&H), a subsidiary of Canadian Pacific Railway, 282.55 miles of rail line between Sunbury, Pa., and Schenectady, N.Y., in a $217 million sale.

CP’s Keith Creel named Progressive Railroading’s ‘Railroad Innovator’ for 2014

November 27, 2014 Railfanning.org News Wire

Progressive Railroading has named Canadian Pacific (CP) President and Chief Operating Officer Keith Creel as its “Railroad Innovator” for 2014.

Amtrak: Five Consecutive Years of Revenue Growth, Higher Operating Cost Recovery

November 27, 2014 Railfanning.org News Wire

Amtrak this month reported unaudited record revenue totaling approximately $3.2 billion for the fiscal year, representing the fifth consecutive year of revenue growth, and the eighth out of the past nine years, the railroad said.

Florida East Coast Railway Completes Successful Inaugural Run of New GE Locomotives

November 27, 2014 Railfanning.org News Wire

Florida East Coast Railway (FECR) on Nov. 21 completed the inaugural run of its first two new GE ES44C4 locomotives.

BNSF Helps Revitalize Rail Yard to Support Growth in Permian Basin

November 27, 2014 Railfanning.org News Wire

BNSF Railway earlier this month celebrated the opening of a new $45 million logistic center in Sweetwater, Texas.

Genesee & Wyoming Announces Acquisition of Short Line Railroads in Arkansas

November 27, 2014 Railfanning.org News Wire

Genesee & Wyoming Inc. earlier this month said it has signed an agreement with Pinsly Railroad Company of Westfield, Mass., to acquire certain subsidiaries that constitute Pinsly’s Arkansas Division for $40 million in cash, subject to adjustment for final working capital.

BNSF Planning $6 Billion in Capital Expenditures in 2015

November 27, 2014 Railfanning.org News Wire

BNSF Railway Co. has announced that its planned capital expenditures for 2015 will be $6 billion, which the railroad says will go toward maintenance and expansion of the railroad in order to meet the expected demand for freight rail service.

CSX CFO Reiterates Expectations And Strategy For Long-Term Value Creation

November 27, 2014 Railfanning.org News Wire

CSX has taken a number of actions to overcome the transition in the energy markets in recent years, emerging a stronger company that is better positioned to capitalize on momentum across nearly all the markets it serves, Chief Financial Officer Fredrik Eliasson told investors and analysts at the Baird Global Industrials Conference this month in Chicago.

Month: November 2014

Amtrak covers 93 percent of operating costs in FY 2014

MARTA Train Derails on Thanksgiving Day

Norfolk Southern Buying Rail Line from Delaware & Hudson

CP’s Keith Creel named Progressive Railroading’s ‘Railroad Innovator’ for 2014

Amtrak: Five Consecutive Years of Revenue Growth, Higher Operating Cost Recovery

Florida East Coast Railway Completes Successful Inaugural Run of New GE Locomotives

BNSF Helps Revitalize Rail Yard to Support Growth in Permian Basin

Genesee & Wyoming Announces Acquisition of Short Line Railroads in Arkansas

BNSF Planning $6 Billion in Capital Expenditures in 2015

CSX CFO Reiterates Expectations And Strategy For Long-Term Value Creation

The ports authority has vowed not to seek more state funding for the rail yard

The ports authority has vowed not to seek more state funding for the rail yard