General Information
Union Pacific cuts almost 60 jobs in Palestine, Texas
(Source: KLTV, April 16, 2021) PALESTINE, Texas — Union Pacific notified workers at the Palestine Car Facility that 57 positions will be eliminated mid-June. Currently, the Palestine Union Pacific workforce is 60 people. Full story: www.kltv.com Monday, April 19, 2021
Read MoreBrightline on track to begin Las Vegas high-speed rail project
(Source: Progressive Railroading 04/14/2021) Brightline West is on schedule to start construction of a high-speed rail route between Las Vegas and Southern California in the second quarter, the company’s chief executive officer told a Las Vegas newspaper. Brightline West CEO Mike Reininger did not share with the Reno Gazette Journal a definitive date of groundbreaking on the 170-mile…
Read MoreU.S. rail traffic grows in Week 14, but pandemic affects comparisons
(Source: Progressive Railroading 04/15/2021) U.S. railroads reported 513, 724 carloads and intermodal units for the week ending April 10, a 24.5% jump from traffic levels in the same week a year ago, according to Association of American Railroads (AAR) data. Total carloads for the week were 233,300, up 17.4% compared with the same week in 2020, while…
Read MoreLong Beach port logged busiest month in March
(Source: Progressive Railroading 04/13/2021) Although March is traditionally one of the slowest months on the shipping calendar, the Port of Long Beach (POLB), California, last month logged its busiest month and its second-best quarter on record. Dockworkers and terminal operators moved 840,387 20-foot-equivalent units (TEUs) of cargo last month, a 62.3% increase from March 2020, marking the…
Read MoreCP-KCS merger may be the last big rail deal
(Source: Bloomberg, April 12, 2021) NEW YORK — Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion including debt. If completed, the merger would be the largest between two…
Read More