Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
April 30, 2020
MTA Announces Overnight Closure of Subway for Deep Cleaning, Launches “Essential Connector” for Heroic Frontline Workers During Ongoing Covid-19 Pandemic
The Metropolitan Transportation Authority (MTA) today announced the closure of the subway system overnight from 1 – 5 a.m. for daily deep cleaning and a new “Essential Connector” service to continue moving the heroes on the frontlines of the COVID-19 pandemic beginning Wednesday, May 6.
April 29, 2020
Empire State Building Will Shine Blue to Honor MTA Workforce Tonight
The heroic workforce of the Metropolitan Transportation Authority (MTA) will be honored Wednesday night by the Empire State Building, which will be illuminated in the official blue of the MTA. The lights will turn blue starting at 7:51 p.m.
April 29, 2020
NORFOLK SOUTHERN REPORTS FIRST QUARTER RESULTS
Norfolk Southern Corporation today reported first-quarter financial results of net income equal to $381 million, diluted earnings per share of $1.47, and an operating ratio of 78.4%.
April 28, 2020
CANADIAN NATIONAL REPORTS FIRST QUARTER RESULTS:
CN reported its financial and operating results for the first quarter ended March 31, 2020. CN’s team of dedicated railroaders has demonstrated the Company’s ability to overcome difficult situations and keep the economy moving,” said JJ Ruest, president and chief executive officer of CN. “I am very proud of how we recovered quickly in March from the service disruptions in February. Our network is very fluid, and we are continuing the temporary right-sizing of our resources to match the weaker demand caused by the global recession. We are committed to providing long-term shareholder value by delivering on our strategic capacity investments for growth and by deploying technological innovations.”
April 28, 2020
Metro-North Railroad to Begin Demolition and Reconstruction of Third Avenue Bridge in Mount Vernon
MTA Metro-North Railroad today announced that it will close the Third Avenue Bridge in Mount Vernon to pedestrians starting on Wednesday, April 29. The closure will allow demolition to start in order to replace the nearly 120-year-old bridge.
April 27, 2020
Washington Metro Ramps Up Capital Reconstruction Projects.
Making the most of historically low ridership and traffic-free highways, Metro announced plans to combine the schedules of its two biggest capital priorities in Virginia: rebuilding platforms and connecting the Silver Line to Metro’s existing network.
April 27, 2020
Canadian Pacific Fourth Quarter Financial Results
Canadian Pacific Railway Limited announced first-quarter operating results, including revenues of $2.04 billion, an operating ratio (“OR”) of 59.2 percent, diluted earnings per share (“EPS”) of $2.98 and adjusted diluted EPS of $4.42.
April 26, 2020
Amtrak schedules modified in Wisconsin, Illinois, Michigan and Missouri
Amtrak has modified Midwest service due to reduced travel demand. Many of these trains are being run in in partnership with the Wisconsin, Illinois, Michigan and Missouri state transportation departments.
April 24, 2020
SEPTA and Lightsource BP Sign Contract for 43.8 Megawatts of Solar
The Southeastern Pennsylvania Transportation Authority (SEPTA), among the largest transit agencies in the United States serving the Greater Philadelphia region, and Lightsource BP, a global leader in the development, financing and management of utility-scale solar energy projects, have signed a long-term power contract for two solar farms totaling 43.8 MWdc in Franklin County, Pennsylvania.
April 24, 2020
CSX Announces Second Quarter Results
CSX Corp. announced first quarter 2020 net earnings of $770 million, or $1.00 per share, versus $834 million, or $1.02 per share in the same period last year. CSX’s operating ratio set a Class I railroad first quarter record of 58.7 percent, improved from 59.5 percent in the prior year.
