BLET News

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives said Thursday during CSX’s fourth-quarter earnings call. Full story: Freight Waves Monday,…

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Net profit for Kansas City Southern slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per share,…

(Source: Lexington Herald-Leader, January 14, 2020) KIMPER, Ky. — For the second time in less than a year, coal miners in Eastern Kentucky have occupied a set of railroad tracks in protest over unpaid wages. The miners, about a dozen employees of Quest Energy, a subsidiary of American Resources Corporation, pledged Monday night to hold…

(Source: Pittsburgh Tribune-Review, January 13, 2020) PITTSBURGH, Pa. — An Elizabeth man pleaded guilty to sabotaging railroad signals at multiple locations in Allegheny County, federal prosecutors said Monday. William Curry Brown, 26, admitted to removing and vandalizing equipment along CSX Transportation railroads in November 2017. Full story: Pittsburgh Tribune-Review Tuesday, January 14, 2020

(Source: Financial Times, January 13, 2020) NEW YORK — The U.S.’s supply of natural gas may soon be transported by train, enabling energy shippers to sidestep congested pipelines in parts of the country. Full story: Financial Times Tuesday, January 14, 2020