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, 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.
April 23, 2020
MTA Board Unanimously Ratifies Family Benefits Agreement
The Metropolitan Transportation Authority (MTA) Board unanimously ratified the first-in-the-nation COVID-19 Family Benefits Agreement. The MTA has reached 41 agreements with 26 different unions to honor their heroic service and sacrifice following initial agreements with Transport Workers Union Local 100 (TWU), the International Association of Sheet Metal, Air, Rail, Transportation Workers (SMART), International Brotherhood of Teamsters Local 808 (IBT).
April 23, 2020
Canadian Pacific Reports First Quarter Earnings
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 22, 2020
Weekly Rail Traffic for the Week Ending April 18, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 18, 2020. For this week, total U.S. weekly rail traffic was 403,283 carloads and intermodal units, down 23.3 percent compared with the same week last year.
April 22, 2020
SEPTA’s SEP-TAINABLE Annual Report Highlights Industry-Leading Sustainability Efforts
Today SEPTA provides an update to its award-winning Sustainability Program with the release of the SEP-TAINABLE Annual Report for 2020. The Authority also acknowledges the current crisis and its impact on our society and is committed to all the sustainability objectives outlined in the report.
April 22, 2020
Amtrak Thruway Buses Temporarily Replace Hiawatha Trains Between Milwaukee and Chicago
In response to lower ridership demand due to the COVID-19 pandemic, Amtrak, in partnership with the Wisconsin and Illinois state transportation departments, will temporarily substitute daily Amtrak Thruway Buses for Amtrak Hiawatha Service trains between Milwaukee and Chicago.
April 21, 2020
New York City Transit and MTA Bus Issues Update on Efforts to Protect Heroic Workforce
New York City Transit (NYCT) and MTA Bus today issued an update on efforts to protect its heroic workforce of 53,000 employees. The MTA continues to aggressively respond to the COVID-19 pandemic and take action to protect its workforce, including installing plexiglass barriers at 85 subway and bus locations, implementing a vinyl shield pilot program to protect bus operators, staggering reporting locations and break times, and expanding the nation-leading “Temperature Brigade.”
