Category: Transportation
‘Minibus’ bill’s signing provides funds to NMB, RRB
The funding levels that was in effect for the 2018 fiscal year for both the National Mediation Board (NMB) and for the Railroad Retirement Board (RRB) remain steady for the 2019 fiscal year in the “minibus” budget bill that was signed by President Donald Trump. Th [...]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 [...]