Posted an hour ago by Railpage System User
CSX Corporation (NYSE: CSX) has lowered its revenue outlook for 2019 by 1 to 2 percent in response to a “puzzling” economic backdrop, and it plans to monitor its costs for the remainder of the year, company officials said on July 16.
Posted an hour ago by Railpage System User
The ultra-high-speed system could travel at speeds exceeding 200mph via high-speed rail, magnetic levitation, or hyperloop technology.
Posted an hour ago by Railpage System User
The California High-Speed Rail Authority (Authority) is responsible for planning, designing, building and operation of the first high-speed rail system in the nation.
Posted 5 hours ago by Railpage System User
However, revenue for the second quarter declined by 1% year-over-year to $3.06 billion, as merchandise growth was offset by intermodal weakness, CSX noted.
Posted 9 hours ago by Railpage System User
The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port.
Posted 13 hours ago by Railpage System User
Year-to-date U.S. rail volumes fell for the week ending July 13, according to data from the Association of American Railroads.
Posted 14 hours ago by Railpage System User
As we’ve recently seen, total U.S. weekly rail traffic for this week was 527,908 carloads and intermodal units, down 5.6% compared with the same week last year.
Posted 14 hours ago by Railpage System User
Norfolk Southern (NYSE: NSC) and Union Pacific (NYSE: UNP) are modifying some of the ways they collect demurrage and accessorial charges for some commodities, but some shippers are questioning the modifications.
Posted 14 hours ago by Railpage System User
Facing the most puzzling economy he has ever seen, CSX CEO James Foote is watching the market slowly fall to pieces.
Posted 14 hours ago by Railpage System User
North Dakota filed a petition on the afternoon of July 17 asking the federal government to block the state of Washington from enforcing a law that would restrict crude oil-by-rail shipments that pass through that state.
Posted 15 hours ago by Railpage System User
Los Angeles is known for traffic congestion, not rail transit.
Posted 15 hours ago by Railpage System User
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 13, 2019.
Posted 15 hours ago by Railpage System User
Although the California hi-speed rail project has had a bumpy ride so far, state officials are on track to award a $1.65 billion contract to design and construct the tracks and system for the first segment of the line.
Posted 15 hours ago by Railpage System User
Metro’s Office of Extraordinary Innovation recently published Metro’s 2019 Innovation Portfolio – Transforming Ideas into Improvements.
Posted 19 hours ago by newsbot
In the 1980s I was the Hawaii representative for a Japan-based consortium that proposed to design, finance, build, and operate a 20-mile-plus Honolulu rail line — for free.
Posted 19 hours ago by newsbot
California officials on Tuesday moved toward awarding a $1.65 billion contract to design and construct the tracks and system for the first segment of its beleaguered high-speed rail project.
Posted yesterday by Railpage System User
With the exception of the tenures of a few experienced CEOs, Amtrak’s leadership and its Board of Directors have fallen far short of establishing a viable corporate culture to comprehend and implement its national mission.
Posted yesterday by Railpage System User
Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.
Posted yesterday by Railpage System User
Several NJT Rail Operations employees brought to the attention of senior staff that other railroads have adopted similar programs to honor their history.
Posted yesterday by Railpage System User
Buy transports at the bottom of the freight cycle, starting with the cheapest companies that have plausible self-help stories, Goldman Sachs’ new transport equities analyst Jordan Alliger counseled in a recent note.
Posted 2 days ago by Railpage System User
Based out of HDR’s Kansas City, Miss., offices, Morrison’s aim will be to “collaborate with freight rail clients and project teams to identify and implement the latest technology services.
Posted 2 days ago by Railpage System User
Over the course of the past week or so there have been warnings about flooding in Louisiana, and specifically in New Orleans each time I have had time to turn on the news for a few minutes.
Posted 2 days ago by Railpage System User
On July 16th, CSX Corporation (NASDAQ: CSX) kicks off the second quarter 2019 financial reports of the major North American railroads (Class I railroads). Across North America, all the major railroad companies will publicly disclose financial results within the next 30 days.
Posted 2 days ago by Railpage System User
Susquehanna analyst Bascome Majors thinks that while contract rates will be under downward pressure for the rest of the year, spot prices may have started to inflect upward.
Posted 3 days ago by Railpage System User
The highly-anticipated MTA Transformation Plan was released to the public on Friday afternoon. Did it live up to the hype?
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