Archive for February 4, 2020
AAR: U.S. Rail Traffic Still Down; Canada, Mexico See Gains
(Source: Railway Age January 30, 2020) Written by Andrew Corselli, Managing Editor The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Jan. 25, 2020, and for this week, total U.S. weekly rail traffic was 485,282 carloads and intermodal units, down 7.1% compared with the same week last year. However, our neighbors to the…
Read MoreBNSF budgets $3.4 billion for capital expenditures in 2020
(Source: Progressive Railroading 02/04/2020) BNSF Railway Co. will spend $3.4 billion on capital expenditures this year, down from the $3.57 billion the Class I budgeted in 2019. This year’s plan emphasizes maintaining network infrastructure as well as expansion projects designed to meet customer demand, BNSF officials said last week in a customer notification. The plan’s largest…
Read MoreUnion Pacific sued over alleged contamination of Houston neighborhood, resulting in cancer cluster and toxic groundwater plume
(Source: Press release from The Gibson Law Firm, February 3, 2020) HOUSTON — Over 80 residents in the Houston neighborhoods of the Fifth Ward and Kashmere Gardens in Houston have sued Union Pacific Railroad Company alleging more than $100,000,000.00 in damages for contaminating their properties and groundwater with known probable human carcinogen, creosote, and other…
Read MoreSTB: Class I fuel surcharge revenues total $1 billion in Q4 2019, down 8% on quarter
(Source: S&P Global Platts, February 3, 2020) HOUSTON — Fuel surcharge revenue for the seven Class I railroads totaled roughly $1 billion in the fourth quarter, down 8% from the previous quarter and down 25% from the year-ago quarter, Surface Transportation Board data showed Monday. Full story: S&P Global Platts Tuesday, February 4, 2020
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