Archive for September 9, 2019

STB reveals three Class Is were ‘revenue adequate’ in 2018

(Source: Progressive Railroading 09/09/2019) The Surface Transportation Board (STB) announced last week that the Class Is that achieved “revenue adequacy” in 2018 were CSX, Canadian Pacific‘s Soo Line Corp. and Union Pacific Railroad. A railroad is considered to be revenue adequate if it achieves a rate of return on net investment equal to at least the current cost of capital…

Read More

UP train carrying liquefied gas derails at Albina Yard, cracks overpass beam

(Source: Associated Press, September 7, 2019) PORTLAND, Ore. — Union Pacific says two locomotives and three tank cars containing liquefied petroleum gas derailed in Portland Saturday morning, striking and cracking a support beam to an overpass providing access to a major industrial area. Full story: Monday, September 9, 2019

Read More