Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
October 28, 2020
Rail Traffic for the Week Ending October 24, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 24, 2020. For this week, total U.S. weekly rail traffic was 522,653 carloads and intermodal units, up 1.9 percent compared with the same week last year.
October 27, 2020
Toronto Transit Commission Board endorses Fleet Procurement Strategy and Plan
The Toronto Transit Commission Board approved a $550-million investment in new vehicles and transit system upgrades made possible by Toronto’s City Building Fund.
October 26, 2020
CSX Corp. Announces Third Quarter 2020 Financial Results, Authorizes Additional $5 Billion Share Buyback
CSX Corp. announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic activity resulting from the COVID-19 pandemic, CSX’s operating ratio of 56.9 percent remained in line with the prior year’s record results.
October 26, 2020
NS Announces New Technology Platform
Norfolk Southern, GATX Corporation, Genesee & Wyoming, TrinityRail, and Watco announced a venture to create a new technology platform that will help transform rail shipping in the 21st century. The new venture, Rail Pulse, will facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar fleet.
October 23, 2020
CP announces strategic, multi-year rail agreement with A.P. Moller – Maersk
Canadian Pacific Railway Limited is announcing a strategic, multi-year rail agreement with A.P. Moller – Maersk to move freight through the ports of Vancouver and Montreal.
October 22, 2020
NJ Transit’s Fiscal Year Operating Budget and Five Year Capital Plan
The NJ TRANSIT Board of Directors adopted a Fiscal Year 2021 (FY 2021) operating budget and A Five-Year Capital Plan that supports continued investments in frontline personnel, infrastructure and equipment to maintain the system in a state-of-good repair, helps advance its 10-year Strategic Plan (NJT2030) and includes additional spending due to the ongoing effort to reduce the spread of COVID-19, all without raising fares for a third straight fiscal year.
October 21, 2020
Rail Traffic for the Week Ending October 17, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 17, 2020. For this week, total U.S. weekly rail traffic was 518,763 carloads and intermodal units, up 2.2 percent compared with the same week last year.
October 21, 2020
Third Quarter Canadian Pacific Financial Results
Canadian Pacific Railway Limited today announced third-quarter revenues of $1.86 billion, diluted earnings per share (“EPS”) of $4.41, adjusted diluted EPS of $4.12 and an operating ratio of 58.2 percent.
October 20, 2020
VIA Rail Announces a Gradual Service Resumption in Western Canada
VIA Rail Canada (VIA Rail) announces the gradual return to service in Western Canada by providing intercity transportation exclusively between Winnipeg and Vancouver as of Friday, December 11, 2020
October 20, 2020
MTA Launches Groundbreaking Live Subway Map, Creating Next Generation Map Following Iconic Hertz and Vignelli Designs
Metropolitan Transportation Authority (MTA) officials today launched the new digital “Live Subway Map,” a first of its kind guide to navigating the subway system in real time. The new map, which allows riders to plan trips more easily by taking into account service changes and seeing train movements as they happen.
