California and Oklahoma have their state safety oversight plans approved by FTA

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) announced Oct. 23 that California and Oklahoma have obtained federal certification of their rail transit State Safety Oversight (SSO) programs. Federal law requires states with rail tran [...]

Third quarter 2018 financial results have been released by Class I railroads

Net Earnings: Increased 34 percent to $1.4 billion Revenue: Increased 16 percent to $6.1 billion Operating Income: Increased 9 percent to $2.1 billion Operating Expenses: Increased 20 percent to $4.0 billion Operating Ratio: Increased 2.1 points to 64.5 percent Click here to [...]