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Daily Headlines

Steelworkers ratify 5-year pact with CP Rail

(Source: Canadian Pacific press release, April 19, 2017) CALGARY, Alberta — Canadian Pacific and the United Steelworkers (USW) Local 1976 today announced that a five-year labour agreement covering approximately 600 administrative support and intermodal employees in...

Amtrak’s top man on the power and problems of East Coast rail

(Source: Philadelphia Inquirer, April 19, 2017) PHILADELPHIA — Wick Moorman, who took Amtrak’s chief executive job in September, toured the East Coast on Tuesday, offering reporters rides on a custom car to sell the possibilities of Amtrak’s future — more capacity,...

CSX CEO says higher profits to come

(Source: Reuters, April 19, 2017) CHICAGO — No. 3 U.S. railroad CSX Corp. on Wednesday reported a better-than-expected quarterly net profit driven by rising freight volumes across most of the markets it covers and said it plans to cut costs and boost profitability...

CP reports 1Q 2017 results

(Source: Canadian Pacific press release, April 19, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced first-quarter revenues of C$1.6 billion, up 1 percent from 2016 and reported diluted earnings per share (EPS) of $2.93, or $2.50 on an adjusted...

CSX announces 1Q 2017 earnings

(Source: CSX press release, April 19, 2017) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter 2017 net earnings of $362 million, or $0.39 per share, up from $356 million, or $0.37 per share, in the same period of last year. Excluding a $173 million...

In coffee deal, Amtrak now runs on Dunkin’

(Source: Boston Business Journal, April 18, 2017) BOSTON — Amtrak and Canton-based Dunkin’ Donuts is expected to announce on Wednesday that they would offer Dunkin' coffee on board Amtrak Acela Express high-speed trains throughout the Northeast Corridor. Full story:...

Proposed federal cuts could impact Montana Amtrak service

(Source: KTVH, April 18, 2017) MISSOULA, Mont. — President Donald Trump’s proposed budget could greatly reduce passenger rail service in the United States, impacting Amtrak’s Empire Builder that runs through Montana. Full story: www.ktvh.com

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