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The regulator turns on the lights, and the numbers show service getting worse
For years the argument over railroad service quality was a matter of anecdote and complaint. This year, for the first time, it is a matter of published record, and the record is not flattering. The Surface Transportation Board has begun disclosing standardised service metrics, including on-time arrival accuracy and the reliability of spot-and-pull at customer facilities, making it possible to compare carriers on the same terms. The timing is pointed. It arrives as the Board w
icarussmith20
2 days ago2 min read


Washington moves to put English in the cab, and the border on a 10-mile leash
A rule that began with a handful of failed inspections at Texas rail yards is now poised to reshape how trains cross the southern border, and how every US engineer is certified. The Federal Railroad Administration published a proposed rule on 31 July requiring locomotive engineers and conductors to demonstrate English-language proficiency as a condition of certification and recertification. The agency frames it as a safety necessity: US railroad rules, bulletins and emergency
icarussmith20
4 days ago2 min read


CSX posts record quarter as the railroad left out of the merger finds its footing
While Washington argues over the biggest rail consolidation in a generation, the Class I railroad standing outside it has just delivered the best quarter in its history. CSX reported record revenue of $3.94bn for the second quarter on 22 July, up 10 per cent year on year. Operating income rose 17 per cent to $1.51bn. Diluted earnings came in at 54 cents a share, up 23 per cent, beating a consensus of 52 cents. Operating margin expanded 240 basis points to 38.3 per cent, from
icarussmith20
Jul 312 min read


UP's merger machine grinds on — and hands its critics fresh ammunition
Monday was the day Union Pacific and Norfolk Southern had circled for months. The Surface Transportation Board, when it accepted the pair's revised application in May, placed the entire proceeding in abeyance and ordered the applicants to hand over supplemental information by 27 July — the last procedural gate before the $85bn transcontinental deal moves toward public comment and environmental review. The railroads arrived at the deadline in better shape than they were a mont
icarussmith20
Jul 282 min read


CSX posts record quarter as the railroad left out of the merger finds its footing
While Washington argues over the biggest rail consolidation in a generation, the Class I railroad standing outside it just delivered the best quarter in its history. CSX reported record revenue of $3.94bn for the second quarter on Wednesday evening, up 10 per cent year on year. Operating income rose 17 per cent to $1.51bn. Diluted earnings came in at 54 cents a share, up 23 per cent, beating a consensus estimate of 52 cents. Operating margin expanded 240 basis points to 38.3
icarussmith20
Jul 242 min read


Union Pacific, Norfolk Southern race to satisfy STB as merger clock ticks
Union Pacific and Norfolk Southern face a defining deadline this week, with the two carriers due to hand the Surface Transportation Board the final tranche of supplemental data underpinning their $85 billion bid to build the first US coast-to-coast freight railroad. The board is requiring the applicants to submit supplemental information by July 27, the culmination of a data request the regulator issued when it accepted the revised application in late May. The companies filed
icarussmith20
Jul 221 min read


Coast-to-Coast Merger Enters Its Make-or-Break Fortnight
The largest railroad deal in American history reaches a decisive moment this month, and the filing that lands on regulators' desks by 27 July will shape the future of freight for a generation. Union Pacific and Norfolk Southern have until that date to hand the Surface Transportation Board the supplemental information it demanded before formal review of their $85 billion combination can begin. The Board accepted the revised application on 28 May but immediately placed the enti
icarussmith20
Jul 202 min read


The transcontinental merger enters its make-or-break fortnight
Union Pacific and Norfolk Southern are ten days from the deadline that will determine whether America's first coast-to-coast railroad survives contact with its regulator. The Surface Transportation Board accepted the revised merger application on 28 May but held the entire proceeding, including environmental review, in abeyance, ordering the applicants to submit supplemental information by 27 July. The Board wants the parts of the application that are unclear or underdevelope
icarussmith20
Jul 162 min read


Rail Freight Powers Through Holiday Week as Intermodal Surge Enters Seventh Straight Week
America's freight railroads shrugged off the Independence Day lull, posting one of the strongest holiday weeks on record and extending a summer boom that is reshaping how goods move across the country. Total US rail traffic for the week ending July 4 reached 482,121 carloads and intermodal units, up 8.7% from the same week a year earlier, according to the Association of American Railroads. The gain was striking given the holiday timing, when shippers and railroads traditional
icarussmith20
Jul 132 min read


CSX opens nation's first railroad-run hazmat academy, three years after East Palestine
More than three years after a Norfolk Southern derailment turned East Palestine, Ohio, into shorthand for everything the public fears about freight rail, CSX is betting that the answer to that fear runs through a Jacksonville classroom. The Jacksonville-based carrier announced this week the opening of its Hazardous Materials Training Institute, which it bills as the nation's first railroad-operated hazmat training facility. The site opened June 30 at Florida State College at
icarussmith20
Jul 102 min read


Judge Slams the Door on Trump's Gateway Funding Freeze
A federal judge has permanently barred the Trump administration from withholding money for the Gateway Hudson Tunnel Project, delivering a decisive win to New York and New Jersey and lifting the legal cloud that had hung over the largest federal rail investment in modern history. In a June 29 ruling, U.S. District Judge Jeannette A. Vargas vacated the administration's September 2025 funding suspension and permanently enjoined the U.S. Department of Transportation from relying
icarussmith20
Jul 82 min read


Rail's $85 Billion Question Barrels Toward a July Deadline
The clock is running on the biggest railroad deal in American history, and the next three weeks will tell everyone a great deal about whether it survives. Union Pacific and Norfolk Southern face a July 27 deadline to hand the Surface Transportation Board a fresh trove of supplemental data, the price of admission the regulator set when it accepted their revised $85 billion merger application in late May and promptly parked the proceeding in abeyance. The Board wants sharper an
icarussmith20
Jul 62 min read


Clock Ticks on Union Pacific's Transcontinental Gamble as Regulators Demand More
The largest railroad merger in American history is inching toward a decisive summer, with Union Pacific and Norfolk Southern racing to satisfy federal regulators before a late-July deadline that could shape the future of freight across the continent. The Surface Transportation Board accepted the companies' revised application on 28 May, clearing a procedural hurdle that had tripped them up twice before. But acceptance came with a catch: the Board ruled that key portions of th
icarussmith20
Jul 12 min read


Union Pacific and Norfolk Southern launch lobbying blitz as merger faces regulatory doubt
Union Pacific and Norfolk Southern spent the week pressing their case to skeptical federal regulators, racing to shore up support for a tie-up that would create the first coast-to-coast freight railroad in American history. The two carriers are campaigning intensely to resolve the Surface Transportation Board's doubts that the merger's promised benefits will materialize. The board last month accepted the revised application for consideration but held the proceedings in abeyan
icarussmith20
Jun 291 min read


A transcontinental merger looms as rail traffic surges and agriculture sounds the alarm
The American freight rail industry is enjoying its strongest run of volume in years, even as the sector braces for a merger that could redraw the national map. Total U.S. rail traffic for the week ending June 13 reached 520,406 carloads and intermodal units, a 7.2 percent jump year over year, according to the Association of American Railroads. Intermodal led the charge, climbing nearly 11 percent to 289,447 units, while carloads rose 2.8 percent on gains in grain, metallic or
icarussmith20
Jun 242 min read


Time, Not Objections, Becomes the Real Threat to the $85bn Rail Megamerger
The proposed union of Union Pacific and Norfolk Southern, a deal that would create the first true transcontinental railroad in American history, is grinding through a regulatory review that increasingly looks like its biggest obstacle is the calendar. The Surface Transportation Board granted conditional acceptance of the revised merger application earlier this month, but stopped well short of a green light, requesting further information on the environmental impact of combini
icarussmith20
Jun 221 min read


Union Pacific–Norfolk Southern Merger Hits Regulatory Wall as Labor Opposition Hardens
The proposed $85 billion union of Union Pacific and Norfolk Southern, pitched as America's first single-line transcontinental railroad, ran into fresh resistance this week on two fronts: a skeptical federal regulator and an increasingly vocal labor movement. The Surface Transportation Board handed the railroads a complicated victory. It accepted the revised merger application but simultaneously paused both the merger and environmental reviews, ordering UP and NS to supply sig
icarussmith20
Jun 181 min read


Rail's Banner Spring Collides With a Merger in Limbo and a Picket Line at CPKC
Freight rail is enjoying the kind of spring it has not seen in years, even as the industry's defining storyline, the proposed Union Pacific–Norfolk Southern megamerger, grinds through a regulatory holding pattern with no resolution in sight. The volume picture is genuinely strong. For the week ending June 6, total US rail traffic rose 7.8 percent year over year, the ninth straight week of gains, powered overwhelmingly by intermodal, which jumped 13.6 percent. Domestic intermo
icarussmith20
Jun 162 min read


Union Pacific-Norfolk Southern Mega-Merger Hits Turbulence as Union Revolts and Executives Flee
The most ambitious railroad consolidation in modern American history is straining under the weight of regulatory scrutiny, labour opposition and a destabilising executive exodus, raising fresh doubts about whether the deal will ever reach the finish line. This week a key union came out swinging. The International Association of Machinists and Aerospace Workers District 19 said it opposes the proposed merger between Union Pacific and Norfolk Southern in its current form, citin
icarussmith20
Jun 122 min read


Regulators keep $85bn Union Pacific-Norfolk Southern merger alive, but the clock barely moves
The most consequential railroad deal in a generation cleared a procedural hurdle this week, even as federal regulators signalled that any verdict on the first US coast-to-coast freight network remains a long way off. The Surface Transportation Board confirmed it has accepted for review the revised application from Union Pacific and Norfolk Southern to combine into a single transcontinental carrier. The Board's unanimous decision simultaneously held the proceedings in abeyance
icarussmith20
Jun 101 min read
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