Rail News Home Federal Legislation & Regulation 4/20/2018 Rail News: Federal Legislation & Regulation DART seeks public input on Cotton Belt DEIS Starting today, the draft environmental impact statement (DEIS) for the Cotton Belt corridor regional rail project in North Texas is now available for a 45-day public review and comment period, Dallas Area Rapid…
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Rail News Home Federal Legislation & Regulation 4/23/2018 Rail News: Federal Legislation & Regulation USDOT creates BUILD grants to replace TIGER program The deadline for BUILD grant applications is July 19. Photo – USDOT The U.S. Department of Transportation (USDOT) on Friday announced a new infrastructure project funding program that will supplant the popular Transportation…
Rail News Home Federal Legislation & Regulation 4/24/2018 Rail News: Federal Legislation & Regulation STB task force to hold informal meetings on rate review reforms The Surface Transportation Board (STB) yesterday announced its Rate Reform Task Force will begin holding informal meetings with stakeholders next month to discuss ways to reform the board’s rate review…
(Adds information on operating expense, carloads, background on CP's performance, estimates) April 23 (Reuters) - Canadian National Railway Co reported a 16.2 percent fall in first-quarter profit on Monday as operating expenses shot up and the railroad company cut its 2018 earnings outlook. The company said it now expects 2018 adjusted earnings C$5.10 to C$5.25,…
(Adds comments from CEO, company spokesman, analyst) April 23 (Reuters) - Canadian National Railway Co on Monday posted a 16.2 percent fall in quarterly profit as operating expenses shot up during the harsh winter, and the country's largest railroad cut its 2018 outlook as capacity limits strained its ability to meet high demand. The backlog…
Rail News Home Federal Legislation & Regulation 3/27/2018 Rail News: Federal Legislation & Regulation BNSF addresses STB's service concerns BNSF Railway Co.'s $3.3 billion capital investment plan will put the railroad in a position to meet customers' growth and service expectations this year, President and Chief Executive Officer Carl Ice told the Surface Transportation Board…
Rail News Home Federal Legislation & Regulation 3/26/2018 Rail News: Federal Legislation & Regulation CN responds to STB's rail-service concerns JJ Ruest Photo – CN CN President and Chief Executive Officer JJ Ruest has informed the Surface Transportation Board (STB) of the railroad's plan to speed up its service in response to recent shipper complaints.Earlier…
Rail News Home Federal Legislation & Regulation 3/21/2018 Rail News: Federal Legislation & Regulation FRA: PTC operating on 56 percent freight route miles FRA Administrator Ronald Batory Photo – fra.dot.gov Positive train control (PTC) systems are operating on about 56 percent of freight railroads' route miles that are required to be governed by PTC systems,…
Rail News Home Federal Legislation & Regulation 3/21/2018 Rail News: Federal Legislation & Regulation Begeman officially becomes STB chair STB Chairwoman Ann Begeman Photo – stb.gov President Donald Trump has designated Ann Begeman as chair of the Surface Transportation Board (STB), the White House announced yesterday.Begeman, a Republican, is serving her second five-year term on…
Rail News Home Federal Legislation & Regulation 3/20/2018 Rail News: Federal Legislation & Regulation STB seeks Class Is' response to rail service complaints The Surface Transportation Board (STB) is asking all Class Is to send the board their service outlooks for 2018.The request, which the board sent to all Class I executives last week, was…