Rail News Home Federal Legislation & Regulation 1/29/2019 Rail News: Federal Legislation & Regulation NTSB: Accident investigation evidence may be lost due to shutdown Robert Sumwalt is chairman of the NTSB. Photo – ntsb.gov The National Transportation Safety Board (NTSB) resumed normal operations yesterday and began developing plans to address work that could not be…
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Recent earnings from railroad operators Norfolk Southern and Union Pacific offer key insights into the state of U.S. commerce, says CNBC's Jim Cramer.The results suggest that the Federal Reserve would do well by keeping its planned interest rate increases on hold, Cramer says.The Federal Open Market Committee, which makes decisions on interest rates, meets this…
CNBC's Jim Cramer explains how Alibaba is an investor’s best bet when it comes to investing in Chinese stocks during the trade war.The "Mad Money" host also hears from his resident energy expert, RBN Energy's Rusty Braziel.In the lightning round, Cramer says one best-of-breed stock is a bit expensive for his taste. Lightning round: Cleaning…
Rail News Home Federal Legislation & Regulation 1/28/2019 Rail News: Federal Legislation & Regulation Short-line tax credit bill introduced in Senate A bill that would permanently extend the 45G short-line tax credit has been introduced in the Senate, the American Short Line and Regional Railroad Association (ASLRRA) announced late last week.The lead sponsors of S.…
Rail News Home Federal Legislation & Regulation 12/26/2018 Rail News: Federal Legislation & Regulation FRA provides grants for 11 PTC projects Amtrak’s first host-owned territory that was implemented with PTC involved BNSF subdivisions. Photo – Amtrak The Federal Railroad Administration (FRA) announced late last week it awarded $46.3 million in grants for 11 positive train…
Rail News Home Federal Legislation & Regulation 12/27/2018 Rail News: Federal Legislation & Regulation STB reveals four Class Is were 'revenue adequate' in 2017 The Surface Transportation Board (STB) announced last week that the Class Is that achieved "revenue adequacy" for 2017 were BNSF Railway Co., Norfolk Southern Corp.'s combined railroad subsidiaries, Canadian Pacific's Soo…
Rail News Home Federal Legislation & Regulation 1/25/2019 Rail News: Federal Legislation & Regulation U.S. Rep. Lipinski to chair House rail subcommittee U.S. Rep. Dan Lipinski (D-Ill.) Photo – congress.gov The House Committee on Transportation and Infrastructure (T&I) announced yesterday that U.S. Rep. Dan Lipinski (D-Ill.) will chair its Subcommittee on Railroads, Pipelines and Hazardous…
(Adds context, executive comment, details on results) Jan 24 (Reuters) - Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported a higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019. Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, jumped…