The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan with New York City’s Metropolitan Transportation Authority (MTA).
In its 2014 Annual Report, Norfolk Southern Corp. highlighted record-setting net income, revenues, operating income, earnings per share, and operating ratio.
Forbes magazine has named CSX as one of “America’s Best Employers,” citing a commitment to employee development and diversity, combined with consistently high performance in key business areas.
Hoosier State passenger service running between Indianapolis and Chicago will end on April 1, the Indiana Department of Transportation (INDOT) said Friday. But, Amtrak now says the service doesn’t have to end. State officials said they made the decision in the wake of a Federal Railroad Administration (FRA) decision that requires the state to serve as a railroad. However, Indiana does not own any track or trains, and officials apparently worked with the FRA to waive the requirement. “Passenger rail providers and the host railroads are already required to comply with FRA rules,” INDOT Commissioner Karl Browning said in a
Canadian Pacific Railway has reached a labor agreement with 1,200 of its mechanical employees responsible for maintaining rail cars and locomotives, the railroad said. Unifor members ratified the agreement with the Calgary, Alberta-based railroad. The railroad has now reached six long-term collective agreements with different unions, including police and rail traffic controller unions. “This negotiated agreement is fair to both sides and is the result of hard work by all of those involved,” Peter Edwards, CP’s vice president of human resources and labour relations, said in a news release. “We look forward to further developing our positive working relationship with