Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
October 26, 2022
CN’s Third Quarter Results Reflect Strong Top-Line Growth and Renewed Focus on Scheduled Operation
CN reported its financial and operating results for the third quarter ended September 30, 2022. Diluted earnings per share (EPS) of C$2.13 increased by 40% on an adjusted basis, which represents a quarterly record.
October 26, 2022
Norfolk Southern Reports Third Quarter 2022 Financial Results
Norfolk Southern Corporation today announced third quarter 2022 financial results which included records for railway operating revenues, income from railway operations, net income, and diluted earnings per share. Third quarter railway operating revenue was $3.3 billion, income from railway operations was $1.3 billion, net income was $958 million, and diluted earnings per share were $4.10.
October 26, 2022
CSX Announces Third Quarter Financial Results
CSX Corp. announced third quarter 2022 operating income of $1.58 billion compared to $1.44 billion in the prior year period. Net earnings of $1.11 billion, or $0.52 per share, compared to $968 million, or $0.43 per share in the same period last year.
October 26, 2022
The Holiday Fair Returns to Grand Central After Two Years
The Metropolitan Transportation Authority (MTA) today announced the return of New York City’s longest-running indoor holiday fair to Grand Central after a two-year pause. The Holiday Fair this year – presented by SL Green Realty Corp and AmericanGreetings.com – will run for six weeks in the Vanderbilt Hall, beginning Monday, Nov. 14.
October 25, 2022
MTA Votes to Order Hundreds More R211 Subway Cars
The Metropolitan Transportation Authority (MTA) Board’s New York City Transit Committee today approved an order for 640 more R211 subway cars, authorizing the full MTA Board to consider the order on Wednesday.
October 24, 2022
US Postal Service to Release Railroad Station Stamps
The U.S. Postal Service announced today many of the stamps it will issue in 2023. This includes a set featuring railroad stations.
October 21, 2022
MBTA Commuter Rail Adding Weekend Service To and From Salem during Last Two Weekends of Haunted Happenings
The MBTA and their Commuter Rail operating partner Keolis announced that there will be additional weekend service between North Station and Salem, and between Salem, Beverly, and Newburyport for the next two weekends to accommodate riders visiting Salem for Haunted Happenings.
October 20, 2022
Rail Traffic for the Week Ending October 15, 2022
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending October 15, 2022. For this week, total U.S. weekly rail traffic was 500,304 carloads and intermodal units, up 0.7 percent compared with the same week last year. Total carloads for the week ending October 15 were 237,263 carloads, up 3.2 percent compared with the same week in 2021, while U.S. weekly intermodal volume was 263,041 containers and trailers, down 1.6 percent compared to 2021.
October 19, 2022
Silver Line Extension Operationally Ready to Open for Passengers by Thanksgiving
After successfully completing two weeks of simulated service, Metro leaders said today that they will be able to open the extension to Dulles Airport Station in time for the start of busy Thanksgiving travel, subject to approvals this week from the Washington Metrorail Safety Commission (WMSC) of two submissions — a data-driven Return to Service Plan for 7000-series railcars, and a safety certification report of the Silver Line extension.
October 18, 2022
Biden-Harris Administration Announces $600 Million from Bipartisan Infrastructure Law to Replace Aging Railcars Across the Nation
The Federal Transit Administration (FTA) announced it will provide $600 million this year from the Bipartisan Infrastructure Law to replace aging railcars, improving reliability, safety, and accessibility on the nation’s rail transit systems. Eligible transit agencies and states can apply through the Notice of Funding Opportunity for the FY 2022 and FY 2023 Rail Vehicle Replacement Program for funds to replace vehicles on subway systems, commuter rail and light rail systems.
