Rail News Home Federal Legislation & Regulation 4/27/2018 Rail News: Federal Legislation & Regulation Senate commerce committee OKs Fuchs, Schultz for STB seats The Senate Committee on Commerce, Science and Transportation on Wednesday approved the nominations of Patrick Fuchs and Michelle Schultz as Surface Transportation Board (STB) members.They would serve five-year terms if confirmed by…
Posts published in April 2018
Railway supply industry news round-up 27 Apr 2018 British Steel is investing in new plant at Scunthorpe to increase the production of its Zinoco zinc-coated corrosion-free rails, which is due to be commissioned later this year. The premium rails are intended for use in corrosive areas such as coastal lines, wet tunnels or level crossings…
(Adds details, estimates, shares) April 26 (Reuters) - Union Pacific Corp reported a better-than-expected quarterly profit on Thursday, as the No. 1 U.S. railroad gained from higher freight revenue. Overall freight revenue rose 6.8 percent in the first quarter, led by a 14.6 percent jump from its energy segment, the company said. Overall volumes, as…
April 26 (Reuters) - Union Pacific Corp reported a 22.2 percent rise in first-quarter profit on Thursday as the No. 1 U.S. railroad benefited from higher freight revenue. The Omaha, Nebraska-based company said net income rose to $1.31 billion, or $1.68 per share, in the latest quarter from $1.07 billion, or $1.32 per share, a…
EU funding supports ETCS on LGV Sud Est 26 Apr 2018 FRANCE: The European Union is to provide €117m from the Connecting Europe Facility to support the installation of ETCS Level 2 on LGV Sud-Est between Paris and Lyon, under a financing agreement signed on April 25 at the TEN-T Days conference in Ljubljana, attended…
(Adds context, comment from statement) MONTREAL, April 6 (Reuters) - Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. The workers, whose collective agreement expired late last year,…
(Recasts leads, adds analyst comment) OTTAWA, April 5 (Reuters) - Canada's trade deficit in February jumped to C$2.69 billion ($2.10 billion) from C$1.94 billion in January as rail transport problems slashed exports of wheat and canola, Statistics Canada said on Thursday. The deficit was larger than the C$2.00 billion shortfall predicted by analysts in a…
a worry@ (Adds details on acquisition, taxes) NEW YORK, April 25 (Reuters) - Knight-Swift Transportation Holdings Inc posted a higher quarterly net profit on Wednesday, citing higher charges for the freight it carries and strong volumes, but warned it was struggling to hire and retain enough drivers. North America's largest truckload carrier said freight demand…
Rail News: Federal Legislation & Regulation STB task force to hold informal meetings on rate review reforms USDOT creates BUILD grants to replace TIGER program Batory calls on public to help improve rail-crossing safety Chao signs MOU to shorten infrastructure project reviews, permitting NTSB: Fatigue led to fatal train crash in New Mexico Teamsters' rail…
Rail News Home Federal Legislation & Regulation 4/9/2018 Rail News: Federal Legislation & Regulation Ontario's high-speed rail project gets CA$11 billion boost The funding will come from the province's 2018 budget. Photo – Ontario's high-speed rail feasibility report The province of Ontario will invest more than CA$11 billion to build the first phase of a…