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Oct
24

PANYNJ logs all-time high cargo volumes in August

Rail News Home Intermodal 10/24/2019 Rail News: Intermodal
The Port of New York and New Jersey handled 679,585 20-foot equivalent units of cargo in August.Photo – PANYNJ

The Port of New York and New Jersey (PANYNJ) handled 679,585 20-foot equivalent units (TEUs) of cargo in August, a 4.3 percent increase over the same month last year and an all-time record for the month.

Through August, the port logged 4,995,420 TEUs in 2019, according to the port’s Breaking Waves blog.

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Oct
24

North American rail traffic slump continues

The decline in U.S. freight-rail traffic continued in Week 42, with railroads logging 507,381 carloads and intermodal units, down 8.6 percent compared with the same week last year, according to Association of American Railroads (AAR) data.

U.S. railroads reported total carloads for the week ending Oct. 19 were 245,002 units, down 7.8 percent, and 262,379 intermodal containers and trailers, down 9.3 percent.

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Oct
24

AAR recognizes CSX's Zacker for environmental excellence

Rail News Home Railroading People 10/24/2019 Rail News: Railroading People
Brian Zacker is environmental field services senior manager at CSX.Photo – CSX

The Association of American Railroads (AAR) has awarded the 2019 North American Environmental Employee Excellence Award to Brian Zacker, an environmental field services senior manager at CSX.

AAR's award recognizes leading contributions to environmental responsibility and excellence in the industry. The award is considered the highest honor for rail industry environmental professionals, CSX officials said in a press release.

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Oct
24

Microsoft to host Pacific Northwest high-speed rail summit

Rail News Home High-Speed Rail 10/24/2019 Rail News: High-Speed Rail
Microsoft President Brad SmithPhoto – Microsoft.com

Microsoft and the US High Speed Rail Association (USHSR) will host the Cascadia Rail Summit Nov. 6-9, an event dedicated to building a high-speed rail linking Vancouver, British Columbia, Seattle and Portland, Oregon.

The summit will build on early feasibility studies that have demonstrated the market viability of the high-speed rail concept and confirmed it could be successfully developed and operated, according to the summit's website.

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Oct
24

Canadian Pacific posts record revenue, operating ratio in Q3

Rail News Home Canadian Pacific 10/24/2019 Rail News: Canadian Pacific
Canadian Pacific yesterday announced it achieved record third-quarter revenue of CA$1.98 billion and a record-low quarterly operating ratio (OR) of 56.1 percent.Year over year, revenue was up 4 percent. The Class 1 reported Q3 adjusted net income climbed 8.7 percent to CA$640 million, or CA$4.61 earnings per share (EPS), from CA$589 million, or $4.12 per share, a year ago. CP's diluted EPS of CA$4.46 was up 3 percent.Q3 operating income rose 10 percent to CA$869 million from CA$790 million a year ago. CP's record-low quarterly OR of 56.1 percent was a 220-basis-point improvement from the same quarter last year."After a record second-quarter that included strong operating metrics including train speed and terminal dwell, we continue to see those performance measures be improved upon," said President and Chief Executive Officer Keith Creel in a press release. "Our disciplined approach to precision scheduled railroading and the commitment of our 13,000-strong CP family puts us in a position to control what we can as we navigate softer volumes, macroeconomic challenges and geopolitical tensions into the fourth quarter."CP's operating model enables the company to adapt to a changing environment, Creel said."While we now expect low-single digit volume growth for the year, we remain confident in our guidance to deliver full-year double-digit adjusted diluted EPS growth," he said.

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Oct
23

Rail supplier news from Hitachi, Transdev, Tideworks, TranSystems, HNTB, WSP and Schneider (Oct. 22)

The Mobilinx consortium signed a $3.5 billion, 30-year contract with Infrastructure Ontario and Metrolinx to design, build, finance, operate and maintain the 4-mile Hurontario light-rail line in Mississauga, Canada. The Mobilinx team includes Hitachi Rail STS SpA, Transdev North America Inc., John Laing Investments Ltd., Astaldi Canada Enterprise Inc., Amico Concessions Inc. and Salini Impregilo Canada Holding Inc.

Tideworks Technology Inc. announced that the entire CSX intermodal terminal network is live with Tideworks’ operating system (TOS). CSX’s largest terminal — in Bedford Park, Illinois, outside Chicago — marks the final terminal in the network to convert to Tideworks’ intermodal TOS solutions, which uses the company's Intermodal Pro® TOS and Traffic Control™ equipment dispatch system. The solutions are designed to increase efficiency of container and rail-car management and improve accuracy and coordination of container and truck movements through CSX’s terminal network, Tideworks officials said in a press release.

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Oct
23

Rail labor groups ask court to stop NMB rule change

Rail News Home Labor 10/23/2019 Rail News: Labor
The Brotherhood of Locomotive Engineers and Trainmen (BLET), along with 14 other unions and groups representing rail and airline workers, has filed a joint lawsuit challenging a recent rule change made by the National Mediation Board (NMB).In January, the NMB proposed a rule change that would make it easier to decertify labor unions under the Railway Labor Act. The rule also would increase from one year to two the time a union must wait before it can reapply to represent the workers. The board adopted the final rule this summer.Filed last week in the U.S. District Court for the District of Columbia, the lawsuit asks the court to declare the rule invalid because it exceeds the board's authority under the Railway Labor Act, and for being "arbitrary, capricious, an abuse of discretion or otherwise not in accordance with the law," BLET officials said in a press release.The unions also asked the court to preliminarily and permanently enjoin the NMB from implementing the final rule, they said."The NMB's final rule is contrary to 80-plus years of established practice," said BLET National President Dennis Pierce. "It is unfair, unnecessary, and is harmful to the stability of the airline and railroad industry because it undermines the balance of labor-management relations."

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Oct
23

FRA seeks applicants for rail trespass-enforcement grants

Rail News Home Safety 10/23/2019 Rail News: Safety
Ronald Batory is administrator of the Federal Railroad Administration.Photo – fra.dot.gov

The Federal Railroad Administration (FRA) is soliciting applications for a total of $150,000 in fiscal-year 2019 grant dollars under the FRA's Railroad Trespassing Enforcement Grant Program.

The program funds efforts to enforce laws aimed at reducing trespassing incidents along rail rights of way. Grant applications are due Dec. 23, according to an announcement in the Federal Register.

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Oct
23

CalSTA seeks grant applicants for transit, intercity rail projects

Rail News Home Passenger Rail 10/23/2019 Rail News: Passenger Rail
The California State Transportation Agency (CalSTA) last week began accepting applications for a total of $450 million to $500 million in funding available under the Transit and Intercity Rail Capital Program (TIRCP).The TIRCP was created by California legislation to fund projects designed to modernize and expand the state's intercity, commuter and urban rail systems, as well as reduce greenhouse gas emissions.Grant recipients will receive a portion of funding available to the TIRCP during the fiscal-year 2020-21 to FY2024-25 time period, CalSTA officials said in a press release.The application deadline is Jan. 16, 2020. Grant recipients will be announced by April 1, 2020.Also last week, CalSTA issued final guidelines for the program following a public review of draft guidelines.

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Oct
23

CN delivers 'strong' Q3 results despite softening economy

Rail News Home Canadian National Railway - CN 10/23/2019 Rail News: Canadian National Railway - CN
CN yesterday delivered strong third-quarter 2019 results despite a softer and uncertain economy for the North American rail industry, the Class I's executives announced yesterday.CN reported Q3 revenue increased 4 percent to CA$3.8 billion, diluted earnings per share (EPS) rose 8 percent to CA$1.66, operating income climbed 8 percent to CA$1.6 million and net income edged up 0.5 percent to CA$1.2 billion compared with Q3 2018's results, company officials said in a press release.The Q3 operating ratio improved to 57.9 percent from 59.5 percent a year ago."Our team of railroaders swiftly aligned resources with the weaker demand to achieve solid efficiency gains," said CN President and Chief Executive Officer JJ Ruest. "We remain committed to our long-term agenda of growing faster than the economy at low incremental cost, and to taking scheduled railroading to the next level by deploying advanced operating technology.”CN attributed the revenue increase primarily to freight rate increases and higher intermodal revenue.Operating expenses for the quarter inched up 1 percent to CA2.2 billion, mainly driven by higher purchased services and material expenses, as well as higher depreciation and amortization expenses.The slower demand for North American rail service prompted CN to revise its profit outlook for 2019. The company is now targeting adjusted diluted EPS growth in the high single-digit range for 2019 versus last year's adjusted diluted EPS of CA$5.50. In July, CN's financial outlook called for low double-digit growth in adjusted diluted EPS. CN also now expects a "slightly negative volume growth" this year in revenue ton miles.

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Oct
23

Norfolk Southern's Q3 revenue, income fall on lower volume

Rail News Home Norfolk Southern Railway 10/23/2019 Rail News: Norfolk Southern Railway
Norfolk Southern Corp. reported third-quarter 2019 operating revenue fell nearly 4 percent to $2.8 billion, as a 2 percent increase in average revenue per unit was partially offset by a 6 percent decline in total volume, the Class I announced today.Net income in the quarter dropped to $657 million, or $2.49 per share, compared with $702 million, or $2.52 per share, for the same period last year.Operating expenses for the quarter also were down to $1.8 billion compared with $1.9 billion a year ago. Third-quarter rail operating income fell to $996 million from $1 billion last year.The Class I logged an operating ratio of 64.9 percent — a third-quarter record —despite the impact of a write-off related to a legal dispute.NS achieved its record Q3 operating ratio while rolling out the first phase of its new TOP21 operating plan, followed by the "swift transition to the plan's second phase," said NS Chairman, President and Chief Executive Officer James Squires in a press release."These efforts produced an 11 percent reduction in crew starts and recrews compared to the third-quarter last year, robustly outpacing the 6 percent volume decline while maintaining resilient service that supported an 11th consecutive quarter of year-over-year revenue per unit growth,” said Squires.Initiatives focused on more efficient mechanical operations and the locomotive and rail-car fleet also progressed during the quarter."Looking ahead, additional productivity will be generated as we advance to the third phase of TOP21 and execute initiatives surrounding fuel efficiency, distributed power, intermodal operations, and our mechanical network," Squires said.

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Oct
22

PennDOT reopens Mount Joy Station

Rail News Home Passenger Rail 10/22/2019 Rail News: Passenger Rail
Mount Joy Station was remodeled to make it accessible for passengers with disabilities.Photo – PennDOT

Pennsylvania Department of Transportation (PennDOT) and Federal Transit Administration officials yesterday marked the reopening of the Amtrak station in Mount Joy, Pennsylvania. 

Launched in 2016, the project to remodel the station was aimed at making it more accessible to passengers with disabilities. 

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Oct
22

Tri-Rail to increase fares next year

Rail News Home Passenger Rail 10/22/2019 Rail News: Passenger Rail
The South Florida Regional Transportation Authority will hike fares for the first time in 10 years.Photo – Tri-Rail

The South Florida Regional Transportation Authority (SFRTA) yesterday announced that it will increase Tri-Rail fares on Jan. 1, 2020.

The fare hike, the first in 10 years, will vary based on trip length. However, all increases will be less than 10 percent, SFRTA officials said in a press release.

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Oct
22

Valley Metro begins Phoenix light-rail construction

Rail News Home Passenger Rail 10/22/2019 Rail News: Passenger Rail
Construction crews began identifying underground utilities to prepare for extensive improvements in downtown Phoenix.Photo – Valley Metro

Valley Metro last week began construction on the 5.5-mile South Central light-rail extension in downtown Phoenix.

Crews began identifying underground utilities to prepare for extensive improvements, Valley Metro officials said in a press release. 

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Oct
22

UP awards $5.3 million in community grants

Rail News Home Union Pacific Railroad 10/22/2019 Rail News: Union Pacific Railroad
Union Pacific's Community Ties Giving Program has awarded more than $5.3 million in local grants to nearly 600 nonprofit organizations in 23 states, the Class I announced yesterday.The grants provide funding in UP's priority cause areas: safety, workforce development and community spaces, while a smaller portion is allocated to assist communities with local needs across the railroad's system."By investing in high-quality nonprofits and programs in these cause areas, where our employees live and work, we achieve a step toward our mission of service while helping communities grow and prosper," said UP Foundation President Scott Moore in a press release.Local grants provide funding ranging from $2,500 to $25,000 to local organizations. Recipients are selected through a competitive application process. The next local grant application period will run April through May 2020.

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Oct
22

Coos Bay port completes first phase of rail tunnel project

Rail News Home Short Lines & Regionals 10/22/2019 Rail News: Short Lines & Regionals
Coos Bay Rail Line spans 134 miles from Coquille to Eugene, Oregon.Photo – portofcoosbay.com

Work crews have completed the first phase of a tunnel rehabilitation project along the Coos Bay Rail Line in Oregon, Port of Coos Bay officials announced yesterday.

Construction of the $19.9 million project's first phase started in May 2018. The two-phase effort involves shoring up and extending the lifespan of nine tunnels along the rail line.

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Oct
22

First State Investments completes Patriot Rail acquisition

Rail News Home M&A 10/22/2019 Rail News: M&A
First State Investments (FSI), a global investor in infrastructure, announced today it has completed its acquisition of Patriot Rail and Ports from SteelRiver Infrastructure Partners, an independent investment manager.Financial terms were not disclosed.The acquisition is FSI's first unlisted infrastructure investment in the United States."Railroads are long life assets that provide essential transportation services to a diverse customer base. We are excited to support the Patriot team and see many opportunities to continue to expand the business in North America," said John Ma, director of FSI's unlisted infrastructure team, in a press release.Patriot operates 12 short lines with more than 585 track miles across 14 states and a ports business in the southeastern U.S.In addition to Ma, FSI appointed the following members to Patriot's board:
• John Fenton, Patriot's chief executive officer since 2012;
• Gavin Kerr, an FSI director;
• Gilbert Lamphere, chairman of Patriot, chairman of MidRail, and former director of CSX and CN;
• Alexander Lynch, a former board member of CN and Illinois Central Railroad;
• Chris McArthur, vice chairman of Patriot and partner at FSI; and
• Richard Timmons, retired Norfolk Southern Railway executive and former president of the American Short Line and Regional Railroad Association.Patriot's operations include line haul and local rail service, as well as rail-car storage; transloading; rail-car cleaning, scrapping, repair and maintenance; and contract switching.The Patriot ports business provides terminal stevedoring, logistics, and warehousing services across nine terminals and two cold storage facilities in the southeast United States.FSI announced in August that it had reached an agreement to acquire 100 percent of equity in Patriot Rail and Ports.

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Oct
22

MTA logs rail ridership increases

Rail News Home Passenger Rail 10/22/2019 Rail News: Passenger Rail
MTA announced September ridership increases on the New York City Transit subway, Long Island Rail Road and Metro-North Railroad.Photo – MTA LIRR

The Metropolitan Transportation Authority (MTA) yesterday announced ridership increases on the New York City Transit (NYCT) subway, Long Island Rail Road (LIRR) and Metro-North Railroad in September compared with the same month last year.

NYCT subway’s average weekday ridership was 5.77 million in September, up 4.5 percent compared with September 2018, MTA officials said in a press release.

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Oct
22

Mantle Ridge sells most of its stake in CSX

Rail News Home CSX Transportation 10/22/2019 Rail News: CSX Transportation
The activist that shook up CSX Corp. three years ago has wound down most of its investment in the Class I, The Wall Street Journal reported yesterday.Mantle Ridge LP, the investment vehicle of Paul Hilal, has sold off nearly all of its $1 billion position in CSX, the newspaper reported based on filings with the U.S. Securities and Exchange Commission. CSX bought back about 4.7 million shares.Hilal retains ownership of about 3.4 million shares of CSX, and will continue to serve as a director and vice chair of the railroad's board.Hilal launched the bid to recruit and install veteran railroader E. Hunter Harrison as CSX's chief executive officer after Harrison turned around operations at CN and Canadian Pacific. At the Canadian Class Is, Harrison successfully implemented precision scheduled railroading (PSR) to wring out waste and inefficiencies.Harrison was in the process of launching a PSR system at CSX when he unexpectedly died Dec. 17, 2017.

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Oct
21

ASLRRA adds Tech Mahindra to PTC provider list

Rail News Home Positive Train Control 10/21/2019 Rail News: Positive Train Control
"The implementation of PTC is a complex and costly project for the U.S. rail industry, including dozens of short-line railroads," said ASLRRA President Chuck Baker.Photo – aslrra.org

The American Short Line and Regional Railroad Association (ASLRRA) has added Tech Mahindra to its list of curated providers available to assist member railroads with complying with positive train control (PTC) requirements.

Tech Mahindra will provide an online learning platform that features multiple modules of interactive training, as well as assessment and evaluation, ASLRRA and Tech Mahindra announced today in a joint press release.

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