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Daily Headlines
Norfolk Southern sets quarterly records in 3Q 2014
(Source: Norfolk Southern press release, October 22, 2014) NORFOLK, Va. — Norfolk Southern reported third-quarter net income of $559 million, 16 percent higher than $482 million for the same period of 2013. Diluted earnings per share were $1.79, up 17 percent compared...
KCS works to expand cross-border capacity, ease customs clearance
(Source: Journal of Commerce, October 20, 2014) WASHINGTON, D.C. — According to the Journal of Commerce, Kansas City Southern Railway is expected to invested in its network at a higher rate than most other Class I railroads, as the company expects to increasingly...
How viable is a U.S. high-speed rail system?
(Source: CBS, October 21, 2014) NEW YORK — For the moment, high-speed rail appears to have the most promise in high-population regions of the U.S., places where passenger trains are considered a welcome alternative to traffic-snarled highways and airports. Full story:...
China to pitch high-speed trains to California
(Source: Reuters, October 20, 2014) SHANGHAI — State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signaling China's growing export ambitions for such technology after building the world's longest network in just seven...
High-tech Amtrak ride from Lancaster to Harrisburg
(Source: Lancaster Online, October 20, 2014) LANCASTER, Pa. — If you traveled Amtrak from Lancaster toward Harrisburg at 7:44 Monday morning, you were on the first Cities Sprinter electric locomotive on the Keystone line. Full story: Lancaster Online
Are America’s railroads snubbing car shipments?
(Source: Auto Blog, October 20, 2014) Building a car, delivering it to a dealer and then selling to a consumer represents an enormous and elaborate process that relies on the seamless and often invisible work of many parts. The use of railways represents a huge part...
First train loads at Landmark grain facility
(Source: Portage Daily Register, October 20, 2014) FALL RIVER — The new Landmark facility, located in Columbia County’s town of Fountain Prairie, was built with the railroad in mind. Its on-premises loop track has room for up to 125 boxcars at a time, to carry out the...
Railroads show improvement on ag shipments
(Source: Agweek, October 20, 2014) FARGO, N.D. — The region’s two Class I railroads — BNSF Railway and Canadian Pacific Railway — are reporting improved status on late cars, and CP has proposed a major merger to bypass an infamous Chicago bottleneck blamed for last...
Earnings preview: Union Pacific Railroad
(Source: Trefis, October 20, 2014) NEW YORK — Union Pacific Corporation, one of the leading railroads in the U.S., is set to announce its second quarter results on October 23. We expect to see an increase in revenue and volume driven by growth across Union Pacific’s...
Opinion: Hunter Harrison has just begun
(Source: Toronto Star opinion column, October 17, 2014) TORONTO — His proposed merger might have been rebuffed, and regulators might be unfriendly. But change is still coming to the railroad industry. Full story: Toronto Star
