Latest Rail Industry News
Union Pacific (UP) has reported its 2019 first quarter financial results with net income of $1.4 billion, or $1.93 per diluted share, compared to the 2018 first quarter’s $1.3 billion net income, or $1.68 per diluted share.
Metra, the Chicago area commuter rail service, has announced that the state of Illinois will release funding for two new rail stations. Metra will receive $15 million for the Peterson Ridge station on the Union Pacific North Line and $20 million for Auburn Park station on the Rock Island Line.
Canadian National Railway (CN) plans to invest more than $80 million in rail infrastructure in Minnesota and approximately $50 million across Michigan’s rail network during 2019.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending April 13, 2019, totaled 528,167 carloads and intermodal units, a 1.2 percent decrease compared to 2018.
Kansas City Southern (KCS) has reported record first quarter revenues of $675 million, a 6 percent increase compared to revenues in the 2018 first quarter.
Quandel Consultants has named Peter Windschmitt director of railroad operations to contribute to the firm’s efforts on Amtrak’s Hiawatha Service between Chicago and Milwaukee.
CSX Corporation has reported net earnings of $834 million for the 2019 first quarter compared to $695 million in the same quarter of 2018. Earnings per share for the first quarter were $1.02 compared to $0.78 in the 2018 first quarter, an increase of 31 percent.