Archive for April 18, 2018
Washington state panel OKs funds for rail-crossing improvements
(Source: Progressive Railroading 04/17/2018) The Washington Utilities and Transportation Commission (UTC) has approved more than $30,000 in grant funding for rail-crossing upgrades in Auburn. Auburn city officials requested the funds to improve safety at the C Street SW crossing, according to a UTC press release. The grants will be used to cover the cost to install median…
Read MoreCSX posts record first-quarter earnings
(Source: Progressive Railroading 04/18/2018) CSX Corp. yesterday announced first-quarter 2018 earnings that surpassed analysts’ estimates and a profit that nearly doubled compared with a year ago, as the Class I continued to cut costs and advance its scheduled railroading model. CSX reported record Q1 2018 net earnings of $695 million, or 78 cents per share, compared…
Read MoreTCRC gives 72-hour strike notice at CP Rail
(Source: Canadian Press, April 17, 2018) CALGARY — The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72-hour notice of an intent to strike. The Teamsters Canada Rail Conference cites a lack of progress at the bargaining table but says talks…
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