Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
February 2, 2023
Weekly Rail Traffic for January and the Week Ending January 28, 2023
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending January 28, 2023, as well as volumes for January 2023. U.S. railroads originated 923,696 carloads in January 2023, up 2.2 percent, or 19,827 carloads, from January 2022. U.S. railroads also originated 919,928 containers and trailers in January 2023, down 8.1 percent, or 81,443 units, from the same month last year. Combined U.S. carload and intermodal originations in January 2023 were 1,843,624, down 3.2 percent, or 61,616 carloads and intermodal units from January 2022.
February 1, 2023
Cuyahoga Valley Scenic Railway Returns to Full Schedule
The Cuyahoga Valley Scenic Railway has returned to full train schedules after several months of limited operation due to erosion shutting down part of the railroad..
February 1, 2023
CP Reports Fourth-Quarter Results
Canadian Pacific Railway Limited announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1 percent, diluted earnings per share (“EPS”) of $1.36 and core adjusted diluted EPS1 of $1.14.
January 31, 2023
President Biden Announces Funding for Gateway Hudson Tunnel Project
Continuing the progress implementing the Biden-Harris Administration’s economic agenda, President Biden is visiting New York to announce funding for a critical early phase of the Hudson Tunnel Project and Mega grants for other major infrastructure projects across the country.
January 30, 2023
President Biden Kicks off Major Baltimore Rail Tunnel Project Funded by Bipartisan Infrastructure Law
Continuing the Biden-Harris Administration’s focus on implementing its economic agenda to deliver real results for the American people, President Biden is traveling to Baltimore, Maryland, to kick off a major project funded by the Bipartisan Infrastructure Law to replace the 150-year old Baltimore and Potomac Tunnel.
January 30, 2023
New Signage Program Celebrates History Along the Great American Rail-Trail
A new program of Rails-to-Trails Conservancy (RTC) and the William G. Pomeroy Foundation will draw attention to the history that is embedded in the route of the Great American Rail-Trail®. A series of historic markers will be installed along the 3,700-mile route of the developing trail, one of RTC’s signature programs, between Washington, D.C., and Washington State.
January 27, 2023
Customers Invest $3.2B along Norfolk Southern’s Network in 2022
Norfolk Southern Corporation partnered with 120 companies to facilitate 159 industrial development projects in 2022. The projects expanded operations or created new facilities along the company’s rail network. Collectively, they represent $3.2 billion in investment and the creation of more than 3,940 new jobs.
January 27, 2023
MTA Unveils Major Accessibility and Circulation Improvements at 34 St-Penn Station
The Metropolitan Transportation Authority (MTA) unveiled a set of major station and accessibility improvements at Penn Station, part of its long-running effort to create a more accessible and comfortable station experience for the hundreds of thousands of daily Penn Station customers. The project’s new, fully accessible street entrance and fare control area at 7 Av and 33 St increases accessibility and reliability for all subway customers.
January 26, 2023
Genesee & Wyoming Railroad Services Inc. to Address Clean Air Act Violations in Settlement with United States
The U.S. Environmental Protection Agency (EPA) and the Department of Justice announced a settlement with Genesee & Wyoming Railroad Services Inc. and numerous affiliated companies (collectively, GWRSI) for violation of Clean Air Act (CAA) locomotive regulations. The complaint, also filed today, alleges that GWRSI’s locomotives with rebuilt engines failed to meet applicable EPA emission standards, and that GWRSI did not perform required emissions-related maintenance or keep records of maintenance performed.
January 26, 2023
CSX Corp. Announces Fourth Quarter and Full Year 2022 Results
CSX Corp. announced fourth quarter 2022 operating income of $1.46 billion compared to $1.37 billion in fourth quarter 2021. Net earnings of $1.02 billion, or $0.49 per share, compared to $934 million, or $0.42 per share, in the same period last year.
