The Federal Railroad Administration (FRA) today said its enforcement of federal rail safety rules has led to the highest-ever civil penalty collection rate in the agency’s 50-year history, surpassing last year’s record-breaking rate.
CSX Corp. expects fourth-quarter earnings per share to be flat to slightly up, CSX Executive Vice President and Chief Financial Officer Frank Lonegro said.
More than 1,926 first responders in 18 cities in 13 states across Norfolk Southern’s network trained with the Norfolk Southern Safety Train, the railroad said.
Amtrak saw a 1.3 percent increase in riders last fiscal year, including a 3.7 percent increase in ridership on long-distance trains, the railroad said.
N.J. Transit this week opened additional tracks at Hoboken Terminal, roughly three weeks after the agency suspended service into the terminal in the wake of a fatal crash.
Genesee & Wyoming subsidiary Genesee & Wyoming Australia (GWA) is buying Glencore Rail (GRail) for A$1.14 billion. It will also concurrently issue a 49 percent equity stake in GWA to funds managed by Macquarie Infrastructure and Real Assets (MIRA).