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Daily Headlines
CSX, CP fail to submit required bridge inspection records in New York
(Source: Albany Times Union, October 25, 2016) ALBANY, N.Y. — Nearly three years after state Comptroller Tom DiNapoli warned that safety plans and inspection records for some 3,000 rail bridges in New York were missing, spotty or incomplete, much of what he...
Lawmakers still demanding answers from NJ Transit following fatal accident
(Source: Associated Press, October 25, 2016) TRENTON — New Jersey lawmakers investigating last month's fatal train crash in Hoboken are keeping the pressure on state transportation officials, demanding answers to questions on finances and safety they say weren't...
NS declares quarterly dividend
(Source: Norfolk Southern press release, October 25, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on Dec. 10 to stockholders of record on Nov. 4. Since its inception...
CN reports 3Q 2016 net income of C$972 million, or C$1.25 per diluted share
(Source: CN press release, October 25, 2016) MONTREAL — CN today reported its financial and operating results for the third quarter ended Sept. 30, 2016. Third-quarter 2016 financial highlights: • Net income was C$972 million, or C$1.25 per diluted share, compared...
CN revenue falls as freight volumes decline in 3Q 2016
(Source: Reuters, October 25, 2016) MONTREAL — Canadian National Railway Co reported a 6.5 per cent fall in quarterly revenue on Tuesday as it moved lower volumes of crude oil, coal and fracking sand. Full story: Globe and Mail
Cost-cutting offsets drop in revenue as NS posts 3Q 2016 profit
(Source: Virginian-Pilot, October 25, 2016) NORFOLK, Va. — Norfolk Southern Corp. saw its third-quarter profit grow 2 percent compared to a year ago as it cut expenses, including workers and overtime. The railroad's operating revenue dropped 7 percent to $2.5 billion...
NS reports 3Q 2016 results
(Source: Norfolk Southern press release, October 26, 2016) NORFOLK, Va. — Norfolk Southern Corporation today reported financial results for third-quarter 2016. Net income was $460 million, 2 percent higher compared with $452 million during the same period of 2015....
The booming China-Europe rail network is taking the next step
(Source: Forbes, October 19, 2016) NEW YORK — Throughout the 2000s, various different China-Europe rail routes were being beta tested in starts in stops, but it wasn’t until 2012 that the logistics crew at HP worked out the bugs and began offering regular weekly...
Deaf passenger’s lawsuit persists in 2012 Amtrak crash
(Source: Hartford Sentinel, October 22, 2016) HARTFORD, Conn. — A deaf passenger involved in a 2012 Amtrak train wreck near Hanford is continuing a lawsuit claiming emergency responders failed to provide a sign language interpreter after the crash. Full story:...
Contractor can’t sue Union Pacific for amputation of legs
(Source: Cook County Record, October 22, 2016) CHICAGO — The Illinois Supreme Court restored a ruling in favor of Union Pacific Railroad in a court fight with a worker, employed by a third-party contractor, whose legs were amputated while removing and scrapping an...
