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Daily Headlines
CN targeting C$3.2 billion capital program in 2018
(Source: CN press release, January 23, 2018) MONTREAL — CN today announced its planned C$3.2 billion capital program will focus on key capacity projects to meet growing freight demand and continued investment in infrastructure maintenance to enhance safety and...
UP, BNSF look to Gulf Coast chemical plants for future growth
(Source: Omaha World-Herald, January 24, 2018) OMAHA, Neb. — A new fleet of petrochemical plants on the Texas Gulf Coast is expected to increase volumes on the region’s freight railroads, which include Omaha’s Union Pacific and Berkshire Hathaway-owned BNSF. Full...
CN announces 10 percent dividend increase
(Source: CN press release, January 23, 2018) MONTREAL — CN announced today that its Board of Directors has approved a 10 per cent increase in the 2018 dividend on the Company's common shares outstanding. A quarterly dividend of forty-five and a half cents (C$0.455)...
NS increases quarterly dividend 18 percent
(Source: Norfolk Southern press release, January 23, 2018) NORFOLK, Va. — Norfolk Southern Corporation announced that its board of directors today approved an 18 percent increase in its quarterly dividend on the company’s common stock, from 61 to 72 cents per share....
NS reports 4Q, 2017 full-year results
(Source: Norfolk Southern press release, January 24, 2018) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter and 2017 financial results. Net income for the quarter was $3,968 million and diluted earnings per share were $13.79. For the year, net...
CN reports 4Q 2017, full-year 2017 financial results
(Source: CN press release, January 23, 2018) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2017. Financial results highlights Fourth-quarter 2017 compared to fourth-quarter 2016 • Net income increased...
CSX reviewing 8,000 miles of rail lines for potential sale
(Source: Trains Magazine, January 22, 2018) JACKSONVILLE, Fla. — CSX Transportation is reviewing 8,000 miles of rail lines as potential candidates for sale or lease, Trains News Wire has learned. Full story: www.trains.com
Why are railroads funding ALEC?
(Source: Exposed by the CMD, January 23, 2018) NEW YORK — Through the corporate-funded American Legislative Exchange Council (ALEC), global corporations and state politicians vote behind closed doors on state laws that govern your rights. Almost all legislative...
Railroad Retirement and Unemployment Insurance Taxes in 2018
(Source: Railroad Retirement Board press release, December 18, 2017) CHICAGO — The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2018, while the tax rates on employers and employees will stay the same. In...
CP Rail fires conductor again, this time after racy social medial pictures and posts
(Source: CBC News, January 23, 2018) CALGARY — The train conductor who was at the controls during a 2014 Banff derailment has once again been fired by CP Rail, this time after butting heads with the company over social media posts, including "racy" boudoir photos....
