April 2021 – Railfanning.org

CSX Reports First Quarter Net Earnings of $706 Million

CSX Corp. reported first-quarter 2021 net earnings of $706 million, down from $770 million in the same period last year.

A N.J. Transit train in Montvale, N.J., in March 2018.

N.J. Transit Advancing $250 Million of the Walter Rand Transportation Center in Camden

N.J. Transit is moving forward with a $250-million overhaul of the Walter Rand Transportation Center in Camden with the release of a Request for Proposals (RFP) to design a new facility to replace the current terminal.

New Jersey Senators Want Even More Federal Dollars for Garden State Transportation Infrastructure

After securing approximately $2 billion in pandemic relief from the American Rescue Plan (ARP) for N.J. Transit, U.S. Sens. Bob Menendez and Cory Booker, D-New Jersey, said they want more federal tax dollars to help modernize New Jersey’s aging transportation infrastructure.

UP Reports $1.3 Billion First-Quarter Net Income

Union Pacific Corporation reported a 2021 first-quarter net income of $1.3 billion, down from $1.5 billion in the first quarter of 2020.

Kansas City Southern’s Board Says Canadian National’s Unsolicited Proposal Could be a ‘Company Superior Proposal’

Kansas City Southern’s Board of Directors unanimously determined that Canadian National Railway’s unsolicited proposal could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian Pacific Railway.

CN Makes Unsolicited Bid to Acquire Kansas City Southern Following CP Deal

Canadian National Railway submitted an unsolicited proposal to acquire Kansas City Southern in a cash and stock transaction valued by CN at $325 per KCS share.

Savannah Port Terminal Railroad Broadens Agreement With Georgia Ports to Include Mason Mega Rail Terminal

The Savannah Port Terminal Railroad (SAPT) has broadened its rail services agreement with the Georgia Ports Authority (GPA) to include GPA’s new Mason Mega Rail Terminal.

Railfanning.org Editor Todd DeFeo Presents on Northeast Corridor to Metuchen-Edison Historical Society

The story of the Northeast Corridor is the perfect example of railroad history, Railfanning.org Editor Todd DeFeo told the Metuchen-Edison Historical Society on Thursday.

CSX Closes Sale on First Phase of $525-Million Rail Transaction with Virginia

The transaction is part of the Commonwealth’s previously announced multi-billion dollar rail transportation initiative to improve service and infrastructure in the state.

Georgia’s Fiscal Year 2022 Budget Includes First-Ever Line Item for MARTA

With the passage of House Bill 511, state lawmakers have established a mechanism to annually fund capital transit projects that support economic development priorities throughout the state.