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Daily Headlines
New York MTA to APTA: We’re leaving
(Source: Railway Age, April 18, 2016) NEW YORK — The New York Metropolitan Transportation Authority, North America’s single-largest public transportation agency, has pulled the plug on Transit Member status in APTA, the American Public Transportation Association. Full...
MBTA wants to be able to penalize Amtrak for service disruptions
(Source: WBUR, April 19, 2016) BOSTON — State transportation and MBTA officials want to be able to fine Amtrak for future service disruptions it causes on the commuter rail. Full story: www.wbur.org
Why Canadian Pacific’s quest to merge with Norfolk Southern was derailed
(Source: Virginian-Pilot, April 16, 2016) NORFOLK, Va. — To get some idea of what Canadian Pacific Railway was up against in its quest to merge with Norfolk Southern Corp., one might start with the website of the U.S. Surface Transportation Board, the federal agency...
NS declares quarterly dividend
(Source: Norfolk Southern press release, April 19, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record on May 6. Since its inception in...
Despite flooding, KCS earnings and stock jump
(Source: Kansas City Star, April 19, 2016) KANSAS CITY, Mo. — Flooding shut down parts of Kansas City Southern’s railway operations for three weeks but did not derail its first quarter earnings. The company posted $107.8 million in profits during the first quarter, or...
Kansas City Southern reports first quarter 2016 results
(Source: Kansas City Southern press release (PDF), April 19, 2016) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported first quarter 2016 revenues of $563 million. Overall, carload volumes were 5% lower than in first quarter 2015. Excluding the estimated impacts of...
CP reports record results in 1Q 2016
(Source: Canadian Pacific press release, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its lowest-ever first-quarter operating ratio of 58.9 percent and reported diluted earnings per share of $3.51 or $2.50 on an adjusted diluted...
CP profit soars 69 percent in 1Q 2016
(Source: Reuters, April 20, 2016) CALGARY — Canadian Pacific Railway Ltd said on Wednesday it planned to repurchase up to 5 percent of its shares, just over a week after abandoning a bid to buy Norfolk Southern Corp. CP's net income rose about 69 percent to C$540...
In Japan, ‘invisible’ train set to roll in 2018
(Source: CNN, April 14, 2016) ATLANTA — A nearly invisible train designed by one of Japan's leading architects is scheduled to debut in Tokyo in 2018. Designed by award winner Kazuyo Sejima, the commuter train uses semi-reflective and semi-transparent materials to...
NS sues city of Roanoke over water fees
(Source: WSLS, April 13, 2016) ROANOKE, Va. — Norfolk Southern is suing the City of Roanoke for requiring the company to pay hundreds of thousands of dollars in storm water fees. Full story: www.wsls.com
