Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
January 29, 2024
Pennsylvania Governor Shapiro to Propose Major Increase in State Funding for Public Transit in 2024-25 Budget
Today, Governor Josh Shapiro announced that his 2024-25 budget proposal will include his plan for the first increase in the state share of public transit funding in over a decade. Governor Shapiro’s proposal will increase the state share of public transit funding by 1.75% – a $282.8 million investment, and nearly $1.5 billion in new state funding over five years, in transit systems that Pennsylvanians rely on in his 2024-25 budget proposal.
January 29, 2024
SEPTA to End Sales at Select Regional Rail Stations Effective Feb. 2
SEPTA announced that it will discontinue ticket sales at select Regional Rail stations effective Friday, February 2.
January 29, 2024
MTA Announces First Round of Subway Stations to Undergo Re-NEW-Vation Enhancements in 2024
The Metropolitan Transportation Authority (MTA) announced that New York City Transit (NYCT) will complete upgrades, repairs, and deep cleanings at 13 subway stations in the first quarter of 2024. This is part of NYCT’s Re-NEW-vation Program which utilizes planned service outages to perform station-wide repairs, enhancements, and deep cleanings.
January 26, 2024
CSX Unveils Monon Heritage Locomotive
In a tribute to its rich railroad history, CSX has unveiled its Monon 1897 heritage locomotive, marking the ninth release its ongoing heritage series honoring the company’s predecessor railroads.
January 26, 2024
Norfolk Southern Reports Fourth Quarter and Full-Year 2023 Results
Norfolk Southern Corporation announced Friday its fourth quarter and full-year 2023 financial results. For the quarter, income from railway operations was $808 million and diluted earnings per share were $2.32. These fourth quarter results include a $150 million charge associated with the incident in Eastern Ohio inclusive of $76 million in insurance recoveries.
January 26, 2024
NJ Transit Reallocates Federal Funding to Support Critical Resiliency Projects
NJ TRANSIT, with the approval of the Federal Transit Administration (FTA), is redirecting $503 million dollars in federal grant funding to support vital resiliency infrastructure improvements at Hoboken Terminal, County Yard in New Brunswick, and the Raritan River Bridge. This funding, which includes the 25% local share, was originally allocated to NJ TRANSIT’s TransitGrid Microgrid Central Facility (MCF) in Kearny.
January 26, 2024
MBTA Proposes Low-Income Fare Program
The MBTA announced several fare change proposals that aim to improve equity, increase ridership, and simplify fare rules, including the introduction of a reduced fare program for riders with low income, which would provide discounted fares to make public transportation affordable for those who need it most.
January 25, 2024
Norfolk Southern Doubles Community Impact in 2023
Norfolk Southern Corporation donated $18.2 million across its 22-state network in 2023. That is double the contributions made in the prior year, benefitting communities, first responders, and safety initiatives. The year was one of growth for Norfolk Southern’s Corporate Giving initiative, including the launch of new grant programs.
January 25, 2024
CSX Corp. Announces Fourth Quarter and Full Year 2023 Results
January 25, 2024
Weekly Rail Traffic for the Week Ending January 20, 2024
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending January 20, 2024. For this week, total U.S. weekly rail traffic was 397,553 carloads and intermodal units, down 13.2 percent compared with the same week last year.










