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Daily Headlines
Construction begins on Quad-Cities-Chicago rail route
(Source: QC Times, October 21, 2014) DAVENPORT, Iowa — Construction has begun on improvements at the BNSF Railway's Eola Yard in Aurora, Ill., which will pave the way for passenger rail service between Chicago and the Quad-Cities, the State of Illinois announced...
Claims settled in Rosedale train explosion as NTSB prepares to release final report
(Source: Baltimore Sun, October 21, 2014) BALTIMORE, Md. — CSX Transportation and Alban Waste LLC have reached a confidential settlement in a lawsuit brought by the railroad after an Alban truck collided with a CSX freight train in Rosedale in 2013. An accident...
CP Rail CEO says unlikely to pursue hostile bid for CSX
(Source: Reuters, October 21, 2014) NEW YORK — Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on...
CP Rail CEO says rail industry needs mergers to address gridlock threat
(Source: Globe and Mail, October 21, 2014) TORONTO — The chief executive of Canadian Pacific Railway Ltd. says the industry needs mergers to address the growing threat of rail gridlock, and he wouldn’t rule out CP as a takeover candidate. Full story: Globe and...
Proposed routes for Dallas-Houston high-speed rail revealed
(Source: Dallas Morning News, October 22, 2014) DALLAS — A public meeting in Dallas on Tuesday offered the first glimpse at Texas Central Railway's proposed routes for high-speed rail as well as possible end points for the line. If funding is secured, the...
Hoffa tells Wisconsin Teamsters they can effect change
(Source: International Brotherhood of Teamsters press release, October 22, 2014) MADISON, Wisc. — Teamsters General President Jim Hoffa continued his whirlwind tour of the union’s workplaces in Wisconsin today, urging members at UPS, Roundy’s grocery and Nestle to get...
Canadian Pacific’s profit, revenue rise in 3Q 2014, but falls short of estimates
(Source: Canadian Press, October 21, 2014) CALGARY — Canadian Pacific Railway says it had $400 million of net income or $2.31 per diluted share in the third quarter — up from last year but short of estimates. Full story: Financial Post
CP reports record 3Q 2014 net income of C$400M or $2.31 per diluted share
(Source: Canadian Pacific Railway press release (PDF), October 21, 2014) CALGARY, AB — Canadian Pacific Railway Limited today announced record Q3 2014 financial results. Net income in the third quarter rose to a record $400 million, or $2.31 per diluted share, from...
CN Rail earnings up on higher volumes
(Source: Reuters Canada, October 21, 2014) TORONTO — Canadian National Railway Co. reported higher third-quarter earnings on Tuesday as revenue jumped on higher freight volumes. Full story: Reuters Canada
CN reports 3Q 2014 net income of C$853 million, up 21 percent from 2013
(Source: CN press release, October 21, 2014) MONTREAL — CN today reported its financial and operating results for the third quarter and nine-month period ended Sept. 30, 2014. Third-quarter and nine-month 2014 financial highlights: • Net income was C$853 million, or...
