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Modest gain for Union Pacific Union Pacific reported 2017 first-quarter net income of $1.1 billion, or a record $1.32 per share, on operating income of $1.8 billion.
Greenbrier opens GBSummit axle machining facility on West Coast The Greenbrier Companies on April 28 announced the opening of GBSummit, an 80,000-square foot railcar axle machining facility in San Bernardino, Calif.
KeyBanc: 18 months of “theoretical production visibility” The Railway Supply Institute American Railway Car Institute Committee published its railcar industry order, delivery and backlog statistics for 1Q17 on April 25. Orders in the quarter declined sequentially to 4,814 cars from 4,866 cars in 4Q16. The industry delivered 10,042 railcars in the quarter, following last quarter’s delivery figure of 14,914 railcars. The backlog now stands at 60,471 railcars, down 9.3% from the prior quarter’s level of 66,681 cars.
Trump tax cuts good for railroads? Probably not The Trump Administration on April 26 released a proposed overhaul of the federal income tax system that promises to simplify the tax structure as well as reduce the rate at which large corporations are taxed to 15%.
Amtrak fast-tracks NY Penn Station renewal Following a pair of derailments that made a mess of the busiest U.S. rail commuter hub, Amtrak today rolled out plans to speed upgrades of track, operations and safety at New York’s Pennsylvania Station.

Breaking News

modest-q1-gain-for-union-pacific-net
April 28, 2017
Union Pacific reported 2017 first-quarter net income of $1.1 billion, or a record $1.32 per share, on operating income of $1.8 billion. Net income was $1 billion, or $1.16 per share, in the first quarter of 2016. The Omaha-based railroad’s operating ratio...
greenbrier-opens-gbsummit-major-axle-machining-facility-in-s-calif
April 28, 2017
The Greenbrier Companies on April 28 announced the opening of GBSummit, an 80,000-square foot railcar axle machining facility in San Bernardino, Calif.   Jointly owned by Greenbrier and Sumitomo Corp. of Americas, the U.S. unit of Japan’s Sumitomo, the facility features advanced...
ns-evp-and-cfo-marta-stewart-to-retire
April 28, 2017
Norfolk Southern Executive Vice President and Chief Financial Officer Marta R. Stewart intends to retire effective Aug. 1, 2017, after a 34-year career. Since joining NS in 1983 as an accountant, Stewart “has been instrumental in developing the company’s accounting systems...
new-transit-plan-takes-aim-at-las-biggest-freeway-nightmare
April 28, 2017
Los Angeles County Metropolitan Transportation Authority issued a Request for Proposals to study the feasibility of various transit modes and alignments through L.A.'s notoriously congested Sepulveda Pass.   With the RFP, LACMTA is seeking a consultant to identify and evaluate a range...
carloads-stronger-weekly-aar-report
April 27, 2017
Total U.S. weekly rail traffic grew to 515,131 carloads and intermodal units, up 4.7%, for the week ending April 22 compared with the same week a year ago, according to the Association of American Railroads. Carloads reached 257,283, a gain of...

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Blogs and More

jeff-morales-has-probably-stomached-enough-lunacy
April 24, 2017
For reasons unspecified other than he may have had enough of dealing with hostile politicians like Rep. Jeff Denham (R-Calif.), chair of the House Transportation and Infrastructure Committee Rail Subcommittee, California High Speed Rail Authority CEO Jeff Morales announced April 21 he is stepping down...
it’s-not-starbucks-but-it’s-way-better-than-amtrak-coffee
April 20, 2017
I appreciate a good cup of coffee, especially a cappuccino or espresso (please don’t say expresso, especially in a good Italian restaurant). That’s why I have refused to drink Amtrak coffee, which is like ingesting lube oil—until now.
fra’s-new-chief-check-ego-at-the-door
April 20, 2017
Ah, to be a public servant fulfilling the boast of Caesar Augustus: “I found Rome a city of bricks and left it a city of marble.” For the incoming Federal Railroad Administrator, it is best to check ego at the door and accept the pithy...
no-mr-munoz-arm-grabbing-also-is-improper
April 11, 2017
As United Airlines is learning, the grabbing by the arms of a fare-paying, law-abiding 69-year-old passenger, and forcibly dragging him through the aisle for removal from an aircraft for no reason other than United having overbooked the Chicago-Louisville flight and wishing to put a more...
a-simple-case-of-“confusion-to-the-enemy”
March 29, 2017
The Mexicans are coming. The Mexicans are coming—and within verbal-indignities-hurling distance of President Donald J. Trump’s Palm Beach, Fla., Mar-a-Lago “Winter White House.”

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