Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
April 27, 2022
CN Reports First Quarter Results
Canadian National reported its financial and operating results for the first quarter ended March 31, 2022. CN delivered sound operating and financial performance across the board, with adjusted diluted earnings per share (EPS) of C$1.32, up 7%. (1) For the same period, the Company reported diluted EPS down 4% to C$1.31.
April 27, 2022
Norfolk Southern Reports First-Quarter 2022 Results
Norfolk Southern Corporation today reported first-quarter 2022 financial results which included first-quarter records for railway operating revenues, income from railway operations, net income, and diluted earnings per share. First-quarter railway operating revenue was $2.9 billion, income from railway operations was $1.1 billion, net income was $703 million, and diluted earnings per share was $2.93.
April 26, 2022
CP and Hapag-Lloyd Announce Additional Service at Port Saint John
Canadian Pacific and Hapag-Lloyd AG announced an additional call into Port Saint John, N.B., via a seasonal extra loader in another step forward for the growing Atlantic Canada port. This additional call follows their inaugural service call into Port Saint John in May 2021, connecting via CP rail service to inland markets in Canada and the United States.
April 26, 2022
SEPTA Releases Proposed Fiscal Year 2023 Capital Budget & 12-Year Program
SEPTA today released its proposed Fiscal Year 2023 Capital Budget and 12-Year Program. The proposed Capital Budget is a record-breaking plan – the first to break the billion-dollar mark, while the proposed 12-Year Program represents SEPTA’s largest-ever investment in the system at $11.4 billion – almost twice as large as the current program.
April 26, 2022
U.S. Department of Transportation Announces up to $1.76 Billion Loan for the Purple Line Light Rail Transit Project in Maryland
The U.S. Department of Transportation announced that its Build America Bureau (Bureau) has provided up to a $1.76 billion low-interest loan to Purple Line Transit Partners for the Purple Line Light Rail Transit Project in Maryland. The loan will finance up to 33 percent of the $5.9 billion in eligible project costs.
April 26, 2022
Berkshire Flyer Service Commences July 8
Amtrak, in conjunction with the Massachusetts Department of Transportation (MassDOT), and New York State Department of Transportation (NYSDOT), are announcing pilot seasonal passenger rail service to operate this year and in 2023 to be known as the Berkshire Flyer, with a route between New York City and Pittsfield, MA. The service will be initiated on July 8 and will operate on weekends through the summer months with a similar schedule next year.
April 26, 2022
Amtrak Full Restores Service to Hartford Line
In coordination with state partners at the Connecticut and Massachusetts Departments of Transportation, beginning Monday, April 25, Amtrak is restoring service of Amtrak Hartford Line Service trains (operating between New Haven, CT and Springfield, MA via Hartford, CT) in response to anticipated increased demand. Seven total trains will return, including two weekday trains, one Saturday train and four Sunday trains. This restores all Amtrak Hartford Line trains to pre-pandemic (before March 2020) levels.
April 25, 2022
CSX Paints C30-7 Locomotive for KSHC
This week, the CSX Huntington, West Virginia shops will roll out another freshly painted locomotive, as is done routinely by the Jacksonville, Florida-based Fortune-500 transportation company. On Monday, however, their most recent rendering is a homage to a vanishing era in American railroading; a cosmetically restored General Electric C30-7, a locomotive that ruled the rails in Appalachia over three decades ago.
April 25, 2022
Lackawanna Railway MU Motor Will Return To New Jersey
Tri-State is happy to announce that after nearly a year of planning a genuine Lackawanna m.u. motorcar is coming home to New Jersey. Working with the Rochester & Genesee Valley Railroad Museum and BDP Holdings LLC, Tri-State will oversee the professional restoration of Lackawanna m.u. motorcar 2628 to be ultimately installed as a defining feature of Lackawanna Plaza, a community-oriented redevelopment project based around the Montclair Terminal, now owned by BDP Holdings LLC.
April 22, 2022
Amtrak Greenwood, Mississippi Station Upgraded:
Amtrak customers in this northern Mississippi city now have a smoother, brighter and more accessible journey with the famous Amtrak City of New Orleans train. A $5.4 million project is now complete and local leaders joined with Amtrak officials to cut the ribbon this week.
