Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
February 1, 2021
Operation Toy Train Disposes Three Locomotives To Preservation Groups
After acquiring 13 pieces of railroad equipment in a September 2020 donation,
Operation Toy Train has ensured the future of three historic locomotives from the collection by
getting them into the hands of railroad preservationists and operators.
January 29, 2021
Norfolk Southern Supports Customer Growth and Local Economies in 2020
Norfolk Southern announced today that in 2020 the company assisted 86 businesses in locating new or expanded facilities on its freight rail network. The industries ranged from a medical products supplier and roofing shingle manufacturer to automakers and paper packaging producers. Across 18 states, Norfolk Southern customers invested $1.8 billion to open 70 new and 16 expanded rail-served facilities. The industrial development is expected to create more than 2,960 customer jobs and generate over 54,300 carloads of new rail volume annually for Norfolk Southern
January 28, 2021
CP Reports Record Fourth-Quarter and Full-Year 2020 Results
Canadian Pacific Railway Limited announced its fourth-quarter results, including revenues of $2.01 billion, a record-low operating ratio (“OR”) of 53.9 percent, diluted earnings per share (“EPS”) of $5.95 and record adjusted diluted EPS of $5.06.
January 27, 2021
Rail Traffic for the Week Ending January 23, 2021
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 23, 2021. For this week, total U.S. weekly rail traffic was 529,030 carloads and intermodal units, up 9 percent compared with the same week last year. Total carloads for the week ending January 23 were 230,979 carloads, down 0.7 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 298,051 containers and trailers, up 17.8 percent compared to 2020.
January 27, 2021
Norfolk Southern Reports Fourth-Quarter and Full-Year 2020 Results
Norfolk Southern Corporation today reported fourth-quarter and full-year 2020 financial results. Fourth-quarter net income was $671 million, diluted earnings per share were $2.64, and the operating ratio improved to an all-time quarterly record of 61.8%. Full-year net income was $2.0 billion, diluted earnings per share were $7.84 and the operating ratio was 69.3%.
January 27, 2021
MTA Awarded Nearly $20 Million to Upgrade Metro-North Grade Crossings, Make Other Safety Improvements
The Metropolitan Transportation Authority (MTA) announced that Metro-North Railroad will receive a $19.7 million federal grant to provide critical safety improvements to nine grade crossings on the Metro-North’s Harlem Line. The grant was part of $40 million provided by the U.S. Department of Transportation and Federal Highway Administration this month.
January 26, 2021
B&O Railroad Museum Unveils 1937 Locomotive Restoration
On February 1, 2021, the B&O Railroad Museum, in Baltimore, Md., unveils the complete cosmetic restoration of the B&O EA Number 51, built in 1937 the first streamlined diesel-electric locomotive.
January 25, 2021
MTA Launches Living Memorial to Honor Transit Workers Lost to COVID-19
The global pandemic has led to unimaginable loss to the MTA family, with 136 employees dying of COVID-19 since the pandemic began. To honor and pay tribute to those who have been lost too soon, the Metropolitan Transportation Authority today launched an engaging visual memorial to those employees, heroes who dedicated their lives to moving New Yorkers through the city and region.
January 22, 2021
Amtrak Seeking Contractors For New Carrollton Station Project
Amtrak is transforming Northeast Corridor train travel by enhancing the customer experience, both in stations and on board trains. As part of this effort, Amtrak is currently accepting Letters of Interest from interested contractors until Feb. 15, 2021, for construction associated work at New Carrollton Station in Maryland. The project involves work within the existing station and the construction of a side platform, and will be closely coordinated with Amtrak for minimal impacts to service.
January 21, 2021
SEPTA Announces New Regional Rail Schedules
SEPTA is advising customers that some changes are being made to select Regional Rail schedules starting next week. These updates will impact the Chestnut Hill East, Fox Chase, Lansdale/Doylestown, Manayunk/Norristown, Trenton, and Wilmington/Newark Lines.
