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Daily Headlines
CN, CP Rail profits could leave sour taste for farmers
(Source: Reuters, April 22, 2014) WASHINGTON, D.C. -- Canada's two largest railroads reported stronger-than-expected profits on Tuesday, results that could prompt fresh criticism from farmers already unhappy with the handling of a massive crop backlog during one of...
CN’s 1Q 2014 earnings top estimates despite ‘winter of a lifetime’
(Source: Financial Post, April 22, 2014) OTTAWA -- The company’s operating ratio – an important gauge of its profitability measuring operating costs as a percentage of revenue – deteriorated slightly by 1.2 percentage points to 69.6% despite the harsh winter weather....
CN reports 1Q 2014 net income of C623 million
(Source: CN press release, April 22, 2014) VANCOUVER, B.C. -- CN today reported its financial and operating results for the first quarter ended March 31, 2014. First-quarter 2014 financial highlights: • Net income was C$623 million, or C$0.75 per diluted share,...
Norfolk Southern 1Q 2014 profit drops 18 percent as severe weather slows shipments
(Source: Associated Press, April 23, 2014) OMAHA, Neb. -- Norfolk Southern Corp.'s first-quarter profit fell 18 percent as severe winter weather slowed shipments and the railroad delivered 1 percent less freight overall. The Norfolk, Virginia, based railroad said...
Norfolk Southern reports 1Q 2014 results
(Source: Norfolk Southern press release, April 23, 2014) NORFOLK, Va. -- Norfolk Southern reported first-quarter net income of $368 million, or $1.17 per diluted share, compared with $450 million, or $1.41 per diluted share, earned in the same period of 2013....
Failure rates raising new fears over use of aging oil tankers
(Source: Star-Tribune, April 22, 2014) WASHINGTON, D.C. -- Tens of thousands of older tanker cars used to haul North Dakota crude oil and Midwestern ethanol run a one-in-four risk of leaking if they derail, railroad officials told the National Transportation Safety...
The American Middle Class is no longer the world’s richest
(Source: New York Times, April 22, 2014) NEW YORK -- The American middle class, long the most affluent in the world, has lost that distinction. After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States....
NTSB chief: Oil tanker rail ‘safety has been compromised’
(Source: Chicago Tribune, April 22, 2014) CHICAGO -- The recent spate of accidents in the U.S. and Canada involving trains carrying crude oil demonstrates that “far too often, safety has been compromised,” the head of the top U.S. transportation safety agency said....
Rail safety experts look at oil, ethanol transport during NTSB panel discussion
(Source: Toledo Blade, April 22, 2014) TOLEDO, Ohio -- The public-safety benefit from routing trains hauling crude oil or ethanol to avoid heavily populated areas could be offset by the higher risk of derailments on lesser-used tracks, a panelist at a National...
Governor pans proposed Metro-North schedule, asks for shorter trip times
(Source: Stamford Advocate, April 20, 2014) STAMFORD, Conn. -- Even with safety concerns related to track conditions and other obstacles, Gov. Dannel P. Malloy challenged Metro-North Railroad on Friday to set higher goals for on-time performance and service quality in...
