Archive for February 7, 2019

G&W attributes Q4 operating income growth to North American operations

(Source: Progressive Railroading 02/07/2019) Genesee & Wyoming Inc. announced this week its fourth-quarter 2018 operating revenue rose 0.7 percent to $575.6 million from $571.6 million in Q4 2017. Operating income for the quarter slipped 0.8 percent to $105.7 million, while adjusted operating income climbed 5.6 percent to $109.9 million. Reported diluted earnings per share (EPS) fell…

Read More

U.S. rail traffic held steady in January

(Source: Progressive Railroading 02/07/2019) U.S. rail traffic rose by just 1.1 percent to 2,554,655 carloads and intermodal units last month compared with January 2018 levels, according to Association of American Railroads (AAR) data. Carload traffic climbed 1.7 percent to 1,238,487 units, while intermodal volumes inched up 0.5 percent to 1,316,168 containers and trailers. Eleven of the 20 carload…

Read More

Washington State DOT seeks operator for P&L Branch Line

(Source: Progressive Railroading 02/07/2019) The Washington State Department of Transportation (WSDOT) is seeking proposalsfrom qualified parties to manage and operate the state-owned P&L Branch of the Palouse River and Coulee City Railroad. The branch begins outside of BNSF Railway Co.‘s yard in Marshall and continues southeastward to Palouse and Pullman, and then to the Idaho border. WSDOT’s ownership of the…

Read More