Bill Stephens

ATLANTA — Norfolk Southern and 40 of its shortline connections have produced outsized growth in carload traffic this year through a program that aims to improve interchange consistency and reliability. The Short Line Performance Project, which began as a pilot with a handful of railroads last July, has seen interchange volume grow 9% since March [...]Read More...

The risk of derailment increases with freight train length, according to an academic study published today, which found that a 200-car train is 24% more likely to derail than a 50-car train. The study — by researchers from Brigham Young University, Georgetown University, and Virginia Tech — analyzed Federal Railroad Administration rail equipment accident data [...]Read More...

Well, I put a bee in Jim Vena’s bonnet when I wrote that railroads should thank the Federal Railroad Administration for its new two-person train crew rule. The thrust of that column last month: Service would suffer if the Class I railroads were to go to engineer-only operation because of delays related to having ground-based [...]Read More...

FORT WORTH, Texas — BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company, Berkshire Hathaway, reported on Saturday. The railway’s operating ratio was 69.5%, up 1.1 points from a year [...]Read More...

WASHINGTON — The Surface Transportation Board today closed the book on its investigation of Union Pacific’s record use of congestion-related embargoes in 2022 – but not before scolding the railroad for failing to comply with board orders and requests for information. “UP’s conduct in this regard bordered on the contumacious and cannot be viewed as [...]Read More...

WASHINGTON — The U.S. Environmental Protection Agency will hold a public hearing next week on proposed California regulations that would require the use of zero-emissions locomotives in the state beginning in 2030. The California Air Resources Board approved the so-called in-use locomotive regulation last year. The EPA must review California regulations that exceed federal regulations; [...]Read More...

Associations representing railroad shippers say they’re concerned about Ancora Holdings’ proxy battle at Norfolk Southern, fearing that the activist investors will put an emphasis on boosting short-term profits at the expense of service. “Seems as if NS is making strides on improving service which, to a certain degree, means abandoning some of the Precision Scheduled [...]Read More...

The proxy battle that activist investor Ancora Holdings is waging against Norfolk Southern isn’t just about the direction NS should take and who should run the company. It’s a fight for the future of the railroad industry. The Cleveland-based activist investor seems to be taking the position that railroads shouldn’t grow. They argue that intermodal, [...]Read More...

Nearly three years after Amtrak said it would launch Gulf Coast service with or without host railroad cooperation, its passenger trains still are not running between Mobile, Ala., and New Orleans. And as the saga drags on you have to wonder if they ever will. After years of frustration with CSX, Amtrak in 2021 took [...]Read More...

WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman says he’s concerned about reports that an activist investor plans to launch a proxy fight to oust Norfolk Southern CEO Alan Shaw. “Is this an investor whose goal it is to reinstate the bad old days when the marching orders to the C-suite were to cut, [...]Read More...

ATLANTA — Norfolk Southern told employees today that it will eliminate 7% of its management and staff positions as a cost-cutting move. The railroad is set to publicly announce the cutbacks during its fourth-quarter earnings call on Friday morning. NS is offering voluntary severance packages to eligible employees, according to people familiar with the matter. [...]Read More...

It’s hard to say when a trend becomes a trend. But yesterday’s announcement that Canadian National will acquire the 253-mile Iowa Northern Railway suggests that short lines and regionals getting gobbled up by Class I railroads is now a thing. Since 2020, Class I railroads have reached a half-dozen deals with short lines and regional [...]Read More...

Trains columnist Bill Stephens writes an article to answer the question: What is Precision Scheduled Railroading?

Any way you look at it, Canadian Pacific’s proposed acquisition of Kansas City Southern is a blockbuster deal. It creates the first railroad to link the U.S., Mexico, and Canada. It gives shippers from both railroads more single-line service options. And it will boost competition – with other railroads and, more importantly, trucks – in [...]Read More...