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USDOT awards 2018 BUILD grants
A grant will be used to help fund the Coos Bay Rail Line rehab project. Photo – Port of Coos Bay (Source: Progressive Railroading January 2019) By Julie Sneider, Senior Associate Editor The U.S. Department of Transportation (USDOT) last month announced the award of $1.5 billion in 2018 grants through the Better Utilizing Investments to Leverage Development (BUILD) program to…
Read MoreHouse leader names transportation subcommittee ranking members
(Source: Progressive Railroading 01/18/2019) House Transportation and Infrastructure Committee Ranking Member Sam Graves (R-Mo.) yesterday announced the ranking members of the panel’s six subcommittees for the 116th Congress. The ranking members and their subcommittees will be Rep. Rick Crawford (R-Ark.), Subcommittee on Railroads, Pipelines, and Hazardous Materials; Rep. Rodney Davis (R-Ill.), Subcommittee on Highways and Transit;…
Read MoreAAR: All U.S. rail commodities logged gains in Week 2
(Source: Progressive Railroading 01/17/2019) U.S. railroads’ traffic shot up 8.4 percent to 555,127 carloads and intermodal units during the week ending Jan. 12 compared with volumes reported for the same period a year ago, according to Association of American Railroads (AAR) data. Carload traffic jumped 10.3 percent to 266,240 units while intermodal volume climbed 6.8 percent…
Read MoreCSX announces Q4 2018 and full year 2018 results, authorizes $5 billion share buyback
(Source: CSX press release, January 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. Fourth quarter 2017 net earnings included a tax…
Read MoreU.S. Supreme Court rules against forced arbitration
(Source: International Brotherhood of Teamsters press release, January 15, 2019) PORT OF LOS ANGELES/LONG BEACH, Calif. — Today, the United States Supreme Court in the case New Prime Inc. v. Oliveira ruled that workers in the transportation industry cannot be forced to waive their rights through private arbitration agreements. Click the link above to read the…
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