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Apr
26

Canadian Pacific celebrates Port Day with Canadian port authorities

Canadian Pacific (CP) joined senior officials from the Vancouver Fraser Port Authority, the Montreal Port Authority, Global Container Terminals Canada, Montreal Gateway Terminals Partnership, DP World Canada, Logistec Corp. and Fraser Surrey Docks at CP's head office in Calgary to discuss their commitment to working together in promoting Canada's largest and two most important gateways to the international supply chain.

 

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Apr
26

NS posts Q1 records, announces CFO Stewart's retirement

4/26/2017    

Rail News: Norfolk Southern Railway

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Apr
26

NS posts Q1 records, announces CFO Stewart's retirement

4/26/2017    

Rail News: Norfolk Southern Railway

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Apr
26

NS posts Q1 records, announces CFO Stewart's retirement

Rail News Home Norfolk Southern Railway 4/26/2017 Rail News: Norfolk Southern Railway
NS CFO Marta Stewart will retire Aug. 1.Photo – nscorp.com

Norfolk Southern Corp. today reported first-quarter records for operating ratio, income from operations and earnings per share.

Q1 2017 net income rose 12 percent to $433 million compared with a year ago, due to a 7 percent rise in income from railway operations, as well as a lower effective income tax rate, NS executives said in a press release.

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Apr
26

CN names Winnipeg training center after Mongeau

Canadian National has named its national employee training center in Winnipeg after former President and Chief Executive Officer Claude Mongeau.

The newly named CN Claude Mongeau National Training Centre, originally opened in 2014 and the railroad says it provides consistent, quality training with a modern curriculum, coupled with skilled instructors, for jobs ranging from conductor to track maintainer, and car mechanic to supervisor. Employees receive hands-on training in learning laboratories with equipment such as locomotive, crane and signals and communication simulators. The facility also has outdoor labs with dedicated rolling stock and other equipment for field training.

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Apr
26

MBTA plan will speed system upgrades

The Massachusetts Bay Transit Authority (MBTA) has a new master plan that aims to accelerate its timeframe to bring its equipment, infrastructure and operations into a State of Good Repair from 15 years from the previously projected 25 years.

The agency's Fiscal and Management Control Board (FMCB) this week approved a comprehensive MBTA Strategic Plan to serve as a blueprint for the objectives and strategies needed to ensure continuous improvement across all areas of the transit operator.

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Apr
26

Durham-Orange light rail plan approved

Commissioners in Durham County, N.C., approved an updated transit plan and cost sharing agreement for the Durham-Orange LRT line on April 24, taking the project a step closer to a federal funding application.

The 28.5km (17.7 mile) line will connect North Carolina Central University in Durham with UNC Hospitals in Chapel Hill, serving 18 stations - nine with park-and-ride facilities - and running on a dedicated alignment. Services will operate at 10-minute headways in the peak and every 20 minutes at other times.

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Apr
25

TriMet begins renovation of Washington Park light-rail station

4/25/2017    

Rail News: Passenger Rail

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Apr
25

NYCT preps for Brooklyn station overhaul

4/25/2017    

Rail News: Passenger Rail

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Apr
25

House hearing to review rail safety regulations

4/25/2017    

Rail News: Federal Legislation & Regulation

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Apr
25

Caltrain to kick off rail grinding project

4/25/2017    

Rail News: MOW

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Apr
25

CTA announces plans to revitalize Cottage Grove Green Line station

Mayor Rahm Emanuel announced conceptual plans to revitalize and renovate the CTA's Cottage Grove Green Line station and the surrounding area.

The mayor was joined by U.S. Congressman Bobby Rush, Chicago Transit Authority (CTA) President Dorval R. Carter, Jr. and Chicago Department of Transportation Commissioner (CDOT) Rebekah Scheinfeld. The project is the latest investment on the Green Line by Mayor Emanuel and CTA, and complements the ongoing commercial and residential developments near the station, including the recently announced new 70-unit Woodlawn Station mixed use residential and commercial project next to the station.

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Apr
25

Pennsylvania panel OKs 34 freight-rail projects for funding

4/25/2017    

Rail News: MOW

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Apr
25

BART addresses robbery incident, hires police chief

4/25/2017    

Rail News: Security

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Apr
25

ASLRRA honors safety person, professional of the year at Texas convention

4/25/2017    

Rail News: Short Lines & Regionals

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Apr
25

CN posts 'solid' Q1 results, increases outlook for 2017

4/25/2017    

Rail News: Canadian National Railway - CN

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Apr
25

CN posts 'solid' Q1 results, increases outlook for 2017

4/25/2017    

Rail News: Canadian National Railway - CN

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Apr
25

CN posts 'solid' Q1 results, increases outlook for 2017

Rail News Home Canadian National Railway - CN 4/25/2017 Rail News: Canadian National Railway - CN
CN raised its outlook for the year after reporting "solid" first-quarter results that included increases in revenue, earnings and volumes, the Class I's executives announced yesterday.CN's Q1 volume included a 14 percent increase in Western Canadian grain that moved over the network, despite more demanding winter conditions this year compared to 2016, President and Chief Executive Officer Luc Jobin said in a press release.Revenue rose 8 percent to 3.2 billion in Canadian dollars, net income increased 12 percent to CA$884 million and diluted earnings per share (EPS) climbed 16 percent to CA$1.16 compared with last year's Q1 results.Adjusted net income rose 11 percent to CA$879 million, with adjusted diluted EPS increasing 15 percent to CA$1.15.Compared with the same period last year, carloadings for the quarter were up 9 percent and revenue ton-miles, 14 percent.CN posted an operating ratio of 59.4 percent, up 0.5 of a point from the prior-year quarter.Jobin described CN's results as a "solid response" in accommodating the strong demand during the first quarter."Our ongoing investments in people, equipment and infrastructure continue to position us well to leverage CN's industry-leading operational performance and superior customer service," Jobin said. "With a strong start in Q1 and an increased volume outlook for the rest of the year, I am pleased to announce an upward revision to our 2017 financial outlook."CN now aims to deliver a 2017 adjusted diluted EPS in the range of CA$4.95 to
CA$5.10, versus last year's adjusted diluted EPS  of CA$4.59. On Jan. 24, the company's financial outlook called for mid-single-digit growth this year.Additionally, the Class I raised its capital expenditures program by CA$100 million to CA$2.6 billion, of which CA$1.6 billion is still targeted toward track infrastructure projects. The additional capital investment will be used to purchase 22 locomotives and other projects to support growth.The increase in revenue was mainly attributable to higher volumes of Canadian and U.S. grain, frac sand, coal exports, overseas intermodal traffic, and finished vehicles; freight rate increases; and higher applicable fuel surcharge rates. Those factors were partly offset by the negative translation impact of a stronger Canadian dollar on U.S.-dollar-denominated revenues. Operating expenses rose 9 percent, primarily due to higher fuel prices and costs associated with higher volumes, partly offset by the positive translation impact of a stronger Canadian dollar on U.S.-dollar-denominated expenses. Contact Progressive Railroading editorial staff. More News from 4/25/2017

Apr
25

Union Pacific to invest $57 million in Nebraska rail infrastructure

Union Pacific (UP) plans to invest approximately $57 million in Nebraska infrastructure in 2017. The investment is part of UP's $3.1-billion capital plan.

The Class 1 says the plan will fund a range of initiatives including $53 million to maintain railroad track and $721,000 to maintain bridges in the state.

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Apr
25

Gibson joins WSP | PB

WSP | Parsons Brinckerhoff has named Thomas Gibson Vice President and Western Regional Manager of its Transit and Rail practice, based in Sacramento. Gibson is responsible for technical and operational management, project delivery, staff acquisition and business growth.

Gibson has 37 years of experience in rail systems projects throughout the U.S. and internationally, including implementation of systems and track work for a major light rail transit extension in St. Louis, procurement and manufacturing of light rail vehicles under a contract for the Los Angeles County Metropolitan Transportation Authority (LACMTA), and implementation of systems for the Seoul, Korea subway lines 3, 4, 5, 7 and 8. In addition, he was responsible for management and oversight of general engineering consultant services for a Metropolitan Atlanta Regional Transit Administration (MARTA) five-year track and systems project.

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