General Information
NS reports Q1 2023 income; Says East Palestine derailment cost it $387 million
(Source: CNN, April 26, 2023) Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third. The Atlanta-based company reported it earned $466 million last quarter, down from the $703 million it earned in the same…
Read MoreCN says rail traffic shows recession has already started
(Source: Yahoo Finance, April 25, 2023) Canadian National Railway Co. said the flow of consumer goods across its network is slowing down to the point that executives now believe North America is in a “mild recession.” Full story: Yahoo Finance
Read MoreMichigan senators say trains should be shorter, better staffed to prevent derailments
(Source: www.mlive.com, April 17, 2023) Michigan Senate Democrats are working to put more regulations in place for the state’s roughly 3,600 miles of railways as a way to increase public safety after numerous reports of blocked traffic and train derailments. Michigan Senate Bills 100 and 139 would require at least two people to staff a train transporting freight…
Read MoreBLET Auxiliary Raffle
The National BLET Auxiliary is selling raffle tickets for a chance to win a Solo Stove Bonfire. It is a stainless steel smokeless fire pit built for the backyard and beyond. Tickets are $5 and can be purchased by going to www.bletauxiliary.net. The drawing will be held on May 27, 2023 at 5 pm PST live…
Read MoreOregon port rehabs bridges to prep Coos Bay Rail Line for growth
(Source: Progressive Railroading 04/18/2023) The first phase of a project to rehabilitate 15 steel bridges along the Coos Bay Rail Line has been completed, the Oregon Port of Coos Bay announced yesterday. A $20 million grant from the federal Better Utilizing Investments to Leverage Development (BUILD) program and $5 million in Oregon state matching dollars is funding the overall project, port…
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