JACKSONVILLE, Fla. — CSX Corp. announced first quarter net earnings of $395 million, or $1.06 per share, versus $305 million, or $0.78 per share, in the same period last year. This represents a 36 percent year-over-year improvement in earnings per share.
The National Transportation Safety Board has sent a team of investigators to investigate a rear end collision between two Burlington Northern Santa Fe (BNSF) trains. The collision occurred at 7 a.m. on April 17 in McPherson, Iowa. Early information indicates that a BNSF freight train collided with a standing BNSF maintenance train. Two BNSF employees were killed. Two locomotives and multiple cars derailed as a result of the accident. Michael Flannigan is serving as the Investigator-in-Charge for the 7-member team from the NTSB.
U.S. Transportation Secretary Ray LaHood announced a $6.8 million grant to upgrade freight rail service in four central Pennsylvania counties supporting the Marcellus Shale natural gas deposits.
WASHINGTON –“The development of intercity passenger rail and Amtrak’s national system should be afforded a significant role in the nation’s federal surface transportation programs,” said Joe McHugh, Amtrak vice president for government affairs and corporate communications in written testimony recently provided to the House Transportation and Infrastructure Subcommittee on Railroads.
JACKSONVILLE, Fla. — CSX Transportation announced the 59 winners of its annual Chemical Safety Excellence Award (CSEA), which recognizes customers’ commitment to the safe transportation of hazardous materials by rail through safe loading and maintenance of rail cars.
MONTREAL — CN and Earth Day Canada (EDC) announced a five-year partnership agreement under which EDC will support a CN program to encourage environmental values and initiatives among CN employees across North America.
WASHINGTON — U.S. Transportation Secretary Ray LaHood announced more than $300 million in obligated grants that will enable the expansion of high-speed intercity passenger rail corridors from coast-to-coast.
TORONTO — CN announced the acquisition of more than 1,000 new domestic containers to better serve manufacturers and distributors of grocery and consumer goods in domestic markets across Canada and grow the railway’s participation in the segment.
WASHINGTON – Amtrak said it will continue normal operation of its national intercity and high-speed passenger rail network in the event of a short-term federal government shutdown.
WASHINGTON – March marked 17 consecutive months of year-over-year ridership growth for Amtrak, was the best March ever with more than 2.6 million passengers and puts the railroad on track to set another annual ridership record.