Articles
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1 week ago |
railwayage.com | William C. Vantuono
Weather-related disruptions—winter storms and flooding—and major infrastructure rebuild projects combined to create a difficult first-quarter 2025 for CSX, impacting network performance, revenue and income. CSX’s first-quarter 2025 operating income was $1.04 billion, compared to $1.34 billion in the prior-year period. Net income was $646 million, or $0.34 per diluted share, compared to $880 million, or $0.45 per diluted share, in the same period last year.
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1 week ago |
railwayage.com | William C. Vantuono
The Virginia Department of Rail and Public Transportation (DRPT) has drafted a Fiscal Year 2026–2031 Six-Year Improvement Program (SYIP) that outlines planned investments of $7 billion in public transportation and freight and passenger rail across the Commonwealth.
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2 weeks ago |
railwayage.com | William C. Vantuono
In reporting financial results for its second fiscal quarter ended Feb. 28, 2025, The Greenbrier Companies, Inc. (GBX) said it “continued to deliver strong results” with an aggregate gross margin “above our long-term target range” and progression toward its ROIC goal. GBX updated its guidance for fiscal 2025. “Building on the successful North American capacity rationalization initiative begun in 2023, Greenbrier conducted a rigorous analysis of its Europe operations,” the company said.
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2 weeks ago |
railwayage.com | William C. Vantuono
Positive Traction US (PTUS) LLC’s British affiliate, Positive Traction Ltd., has converted a former British Rail Class 08 switcher from diesel-electric to 100% battery-electric propulsion, with another currently undergoing conversion. All work was accomplished at PTUK’s shop in Chesterfield. Initial testing was done nearby at Barrow Hill, home of the last surviving roundhouse in the U.K. with an operational turntable.
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2 weeks ago |
railwayage.com | William C. Vantuono
Catherine Rinaldi, who served as President of MTA Metro-North Railroad from 2018 until last March 2025, has been appointed Executive Vice President of the Gateway Development Commission (GDC), a new position. Rinaldi, GDC said, “will hold a key leadership position responsible for strengthening the organization’s capacity to deliver the Hudson Tunnel Project (HTP).
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E. Hunter Harrison, 1944-2017. Here's a look, at least from my perspective, on Hunter the human being. Rest in Peace. https://t.co/7qWHBD1kaV via @RailwayAge
CSX, keep Playing It Safe. Let's keep "speeding" an important safety message to the public. https://t.co/3YjlfPFubr via @RailwayAge
The Germans and the French join forces: Siemens and Alstom announce “merger of equals” https://t.co/MBAUDySyeO via @RailwayAge