Latest Rail Industry News
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending February 9, 2019, totaled 519,779 carloads and intermodal units, a 0.1 percent increase compared to the same week in 2018.
Norfolk Southern (NS) has announced a new strategic plan that will focus on increased productivity, efficiency, and revenue growth, and will target an operating ratio of 60 percent by 2021.
The plan includes the following targets:
The New York Metropolitan Transportation Authority’s (MTA) Metro-North Railroad was awarded a grant from the Federal Railroad Administration for up to $2.3 million to support Positive Train Control (PTC) communications testing on the Northeast corridor.
The Federal Railroad Administration (FRA) will fund $56,933,567 in grant funding for 18 projects in 16 states. The Consolidated Rail Infrastructure and Safety Improvements (CRISI) program funding will used for intercity passenger and freight rail systems.
The Timken Company has reported financial results for the 2018 fourth quarter, with sales up by 17 percent to $910.1 million compared to the fourth quarter of 2017.