October 10, 2015

Freight rail accidents fall, despite recent derailments

railyard; train yard; yard

Despite high-profile train derailments in Tennessee and Pennsylvania, railroads remain relatively safe transportation for people and freight, federal statistics show. A derailment late Wednesday near Maryville, Tenn., of a CSX freight train carrying acrylonitrile, a hazardous material used to make plastics, rekindled attention in rail safety. So did the derailment May 12 of an Amtrak [...]

Railroads reap record profits despite decline in traffic

The nation’s four major railroads are still carrying less freight than they were before the recession. But the last decade has been an exhilarating ride for them nonetheless — an era of growing profits, soaring stock prices and ambitious investments. For Jacksonville-based CSX Corp., freight volume has dropped 7 percent since 2004. Meanwhile, its shares [...]

Rail freight loadings continue upward climb

WASHINGTON — Rail traffic for the week ending Jan. 15 continued its upward climb, reports the Association of American Railroads. Carloads were up by 7.5 percent compared with the same week in 2010, and intermodal (trailers and containers on flat cars) showed a gain of 5.8 percent over the same week in 2010. The AAR [...]

Small RR promotes freight/pass. sharing

Iowa Interstate Railroad and Amtrak are intending jointly to launch conventional-speed (79 mph) passenger service between Chicago and Iowa City over a previously abandoned rail line, reports progressiverailroading.com. The proposed service, reported progressiverailroading.com, has been approved by the Federal Railroad Administration, but is not expected to begin prior to 2013. Progressiverailroading.com quoted Iowa Interstate CEO [...]