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Oct
26

MTA to end MetroCard system, alcohol ads

Rail News Home Rail Industry Trends 10/26/2017 Rail News: Rail Industry Trends
The new system will enable passengers to pay fares using credit cards or mobile devices.Photo – Metropolitan Transportation Authority

The Metropolitan Transportation Authority (MTA) has awarded a $539.5 million contract to Cubic Transportation Systems to replace the agency's MetroCard with an electronic fare payment system.

The new system will enable riders to pay for rides using credit and debit cards or mobile devices instead of purchasing and adding value to a separate fare card.

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Oct
26

CSX holds off investor conference

Rail News Home CSX Transportation 10/26/2017 Rail News: CSX Transportation
CSX Corp. announced yesterday that it would postpone its investor conference scheduled for Oct. 30.The postponement follows yesterday's news that three of CSX's top executives — Cindy Sanborn, Fredrik Eliasson and Ellen Fitzsimmons — would leave the company next month. Additionally, President and Chief Executive Officer E. Hunter Harrison announced yesterday that James Foote will join the company as chief operating officer."Our team continues to build momentum and the addition of Jim increases my confidence in our ability to serve customers and deliver shareholder value," said Harrison in a press release. "I am more confident than ever in CSX’s ability to achieve industry leading operating and financial performance and look forward to showcasing our leadership team at a future date." Also yesterday, CSX said its board authorized $1.5 billion in share repurchases, which builds on the $1.5 billion program recently completed.

Contact Progressive Railroading editorial staff.

More News from 10/26/2017


Oct
26

CSX holds off investor conference

Rail News Home CSX Transportation 10/26/2017 Rail News: CSX Transportation
CSX Corp. announced yesterday that it would postpone its investor conference scheduled for Oct. 30.The postponement follows yesterday's news that three of CSX's top executives — Cindy Sanborn, Fredrik Eliasson and Ellen Fitzsimmons — would leave the company next month. Additionally, President and Chief Executive Officer E. Hunter Harrison announced yesterday that James Foote will join the company as chief operating officer."Our team continues to build momentum and the addition of Jim increases my confidence in our ability to serve customers and deliver shareholder value," said Harrison in a press release. "I am more confident than ever in CSX’s ability to achieve industry leading operating and financial performance and look forward to showcasing our leadership team at a future date." Also yesterday, CSX said its board authorized $1.5 billion in share repurchases, which builds on the $1.5 billion program recently completed.

Contact Progressive Railroading editorial staff.

More News from 10/26/2017


Oct
26

FTA restores WMATA's full access to grant funds

Rail News Home Financials 10/26/2017 Rail News: Financials
The move comes after WMATA submitted 65 corrective action plans to address earlier recommendations.Photo – WMATA/Larry Levine

The Federal Transit Administration (FTA) has fully restored Washington Metropolitan Area Transit Authority's (WMATA) ability to receive automatic access to federal grant reimbursement, the agency announced yesterday.

The FTA's action comes after WMATA submitted 65 correction action plans to address recommendations in a 2014 financial management oversight report. The completion of those action plans marks the final step in fully restoring WMATA's ability to receive federal funds.

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Oct
26

UP's Q3 earnings better than expected despite Hurricane Harvey impact

Union Pacific Railroad today reported better-than-expected third-quarter earnings and revenue despite the Class I's business disruptions caused by Hurricane Harvey.

UP announced third-quarter net income increased to $1.2 billion, or $1.50 per diluted share, compared with net income of $1.1 billion, or $1.36 per diluted share, in the same period a year ago.

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Oct
26

UP's Q3 earnings better than expected despite Hurricane Harvey impact

Union Pacific Railroad today reported better-than-expected third-quarter earnings and revenue despite the Class I's business disruptions caused by Hurricane Harvey.

UP announced third-quarter net income increased to $1.2 billion, or $1.50 per diluted share, compared with net income of $1.1 billion, or $1.36 per diluted share, in the same period a year ago.

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Oct
26

LIRR completes Post Ave. Bridge replacement early

The Long Island Rail Road (LIRR) completed the $9.7-million replacement of the Post Avenue Bridge in Westbury, N.Y., ahead of schedule, allowing traffic to return to normal on Oct. 23.

The original bridge's clearance was 11 feet 10 inches. LIRR says trucks traveling underneath the bridge would strike it between five and nine times per year for the past six years. Train delays in both directions would loom as LIRR crews worked to determine its safety and structural stability before restoring train service. The new bridge allows truck of up to 14 feet to pass underneath.

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Oct
26

LIRR completes Post Ave. Bridge replacement early

The Long Island Rail Road (LIRR) completed the $9.7-million replacement of the Post Avenue Bridge in Westbury, N.Y., ahead of schedule, allowing traffic to return to normal on Oct. 23.

The original bridge's clearance was 11 feet 10 inches. LIRR says trucks traveling underneath the bridge would strike it between five and nine times per year for the past six years. Train delays in both directions would loom as LIRR crews worked to determine its safety and structural stability before restoring train service. The new bridge allows truck of up to 14 feet to pass underneath.

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Oct
26

LIRR completes Post Ave. Bridge replacement early

The Long Island Rail Road (LIRR) completed the $9.7-million replacement of the Post Avenue Bridge in Westbury, N.Y., ahead of schedule, allowing traffic to return to normal on Oct. 23.

The original bridge's clearance was 11 feet 10 inches. LIRR says trucks traveling underneath the bridge would strike it between five and nine times per year for the past six years. Train delays in both directions would loom as LIRR crews worked to determine its safety and structural stability before restoring train service. The new bridge allows truck of up to 14 feet to pass underneath.

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Oct
26

O.C. Bridges program wraps up with final two grade separations

A five-year, $663-million program to build seven bridges and underpasses to separate vehicle, pedestrian and freight rail traffic in Anaheim, Fullerton and Placentia, Calif., is now complete.

Orange County Transportation Authority (OCTA) and city officials marked the completion of the final two underpasses in the O.C. Bridges program. OCTA says that each overpass and underpass constructed improves travel times, cuts air pollution by eliminating the need for cars to idle at railroad gates and enhances safety in the community.

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Oct
26

O.C. Bridges program wraps up with final two grade separations

A five-year, $663-million program to build seven bridges and underpasses to separate vehicle, pedestrian and freight rail traffic in Anaheim, Fullerton and Placentia, Calif., is now complete.

Orange County Transportation Authority (OCTA) and city officials marked the completion of the final two underpasses in the O.C. Bridges program. OCTA says that each overpass and underpass constructed improves travel times, cuts air pollution by eliminating the need for cars to idle at railroad gates and enhances safety in the community.

Continue reading
Oct
26

O.C. Bridges program wraps up with final two grade separations

A five-year, $663-million program to build seven bridges and underpasses to separate vehicle, pedestrian and freight rail traffic in Anaheim, Fullerton and Placentia, Calif., is now complete.

Orange County Transportation Authority (OCTA) and city officials marked the completion of the final two underpasses in the O.C. Bridges program. OCTA says that each overpass and underpass constructed improves travel times, cuts air pollution by eliminating the need for cars to idle at railroad gates and enhances safety in the community.

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Oct
26

Pilot program allows testing of UAS outside of FAA regs

A pilot program to advance the use of Unmanned Aircraft Systems (UAS) will partner the U.S. Department of Transportation (USDOT) and local jurisdictions in developing rules that will allow broader testing.

USDOT says results from the initiative, known as the UAS Integration Pilot Program, will be used to accelerate the safe integration of UAS into the national airspace and to realize the benefits of unmanned technology in the economy.

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Oct
26

Pilot program allows testing of UAS outside of FAA regs

A pilot program to advance the use of Unmanned Aircraft Systems (UAS) will partner the U.S. Department of Transportation (USDOT) and local jurisdictions in developing rules that will allow broader testing.

USDOT says results from the initiative, known as the UAS Integration Pilot Program, will be used to accelerate the safe integration of UAS into the national airspace and to realize the benefits of unmanned technology in the economy.

Continue reading
Oct
26

Pilot program allows testing of UAS outside of FAA regs

A pilot program to advance the use of Unmanned Aircraft Systems (UAS) will partner the U.S. Department of Transportation (USDOT) and local jurisdictions in developing rules that will allow broader testing.

USDOT says results from the initiative, known as the UAS Integration Pilot Program, will be used to accelerate the safe integration of UAS into the national airspace and to realize the benefits of unmanned technology in the economy.

Continue reading
Oct
26

Bureau of Reclamation clears California HSR project for irrigation pipe relocations

The U.S. Department of the Interior Bureau of Reclamation has finalized an environmental analysis of a proposal to replace or relocate irrigation pipelines in the Central Valley to accommodate guideways for the Merced to Fresno section of California's high-speed rail project.

The bureau's Environmental Assessment concluded that moving the irrigation laterals and other associated actions for the rail project will not have significant impacts to resources or people. The actual work of moving laterals would be completed during the non-irrigation season so water users would not be affected.

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Oct
26

Bureau of Reclamation clears California HSR project for irrigation pipe relocations

The U.S. Department of the Interior Bureau of Reclamation has finalized an environmental analysis of a proposal to replace or relocate irrigation pipelines in the Central Valley to accommodate guideways for the Merced to Fresno section of California's high-speed rail project.

The bureau's Environmental Assessment concluded that moving the irrigation laterals and other associated actions for the rail project will not have significant impacts to resources or people. The actual work of moving laterals would be completed during the non-irrigation season so water users would not be affected.

Continue reading
Oct
26

Bureau of Reclamation clears California HSR project for irrigation pipe relocations

The U.S. Department of the Interior Bureau of Reclamation has finalized an environmental analysis of a proposal to replace or relocate irrigation pipelines in the Central Valley to accommodate guideways for the Merced to Fresno section of California's high-speed rail project.

The bureau's Environmental Assessment concluded that moving the irrigation laterals and other associated actions for the rail project will not have significant impacts to resources or people. The actual work of moving laterals would be completed during the non-irrigation season so water users would not be affected.

Continue reading
Oct
26

Stotter new chief at North Shore RR

North Railroad Railroad Co. & Affiliates has promoted Jebediah Stotter to president and chief executive officer, succeeding chairman Gary Shields, who has retired.

North Shore, based in North Umberland, Pa., is the Railway Age 2017 Short Line of the Year. The company is the parent of five other Pennsylvania-based shortlines.

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Oct
26

Stotter new chief at North Shore RR

North Railroad Railroad Co. & Affiliates has promoted Jebediah Stotter to president and chief executive officer, succeeding chairman Gary Shields, who has retired.

North Shore, based in North Umberland, Pa., is the Railway Age 2017 Short Line of the Year. The company is the parent of five other Pennsylvania-based shortlines.

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