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Daily Headlines
CP Rail subcontracted to MMA in Quebec train crash
(Source: Reuters, July 31, 2013) OTTAWA — Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the Canadian...
Quebec orders railway to cover cost of Lac-Megantic cleanup
(Source: CBC News, July 29, 2013) MONTREAL — Quebec environment minister Yves-François Blanchet has ordered the companies behind the Lac-Mégantic rail disaster to pay up. The ordinance, which is a rare use of the government's executive powers, comes into effect...
Via Rail mulls tighter security after alleged terror plot
(Source: Canadian Press, August 4, 2013) MONTREAL — Taking a train in Canada could soon become more like boarding an airplane as Via Rail considers greater scrutiny of checked baggage, more inspections by sniffer dogs and security checks on passengers. An alleged plot...
Runaway train in Quebec sparks new U.S. rail safety rules
(Source: Wall Street Journal, August 3, 2013) WASHINGTON, D.C. — The Federal Railroad Administration issued an emergency order on Friday outlining a detailed set of safety directives to railroads, including prohibiting them from leaving crude-oil trains unattended...
Track improvements shave time from Amtrak’s Norfolk-to-D.C. route
(Source: Associated Press, July 26, 2013) NORFOLK, Va. — Amtrak says recently completed track improvements between Norfolk and Washington, D.C., have shaved 10 minutes off the trip. That means Amtrak Virginia Train 174 will leave at 5 a.m. instead of 4:50 a.m. Full...
Union Pacific acquires Big Boy locomotive No. 4014
(Source: Union Pacific press release, July 23, 2013) OMAH, Neb. — Union Pacific Railroad today announced it reached an agreement with the Southern California Chapter - Railway & Locomotive Historical Society in Pomona, Calif., to transfer ownership of one of the...
Union Pacific reports best-ever quarterly results in 2Q 2013
(Source: Union Pacific press release, July 18, 2013) OMAHA, Neb. — Union Pacific Corporation today reported 2013 second quarter net income of $1.1 billion, or $2.37 per diluted share, compared to $1 billion, or $2.10 per diluted share, in the second quarter 2012....
Norfolk Southern reports second-quarter 2013 earnings
(Source: Norfolk Southern press release, July 23, 2013.) NORFOLK, VA. - For the second quarter of 2013, Norfolk Southern reported net income of $465 million, 11 percent lower than $524 million for second-quarter 2012. Diluted earnings per share were $1.46, down 9...
Kansas City Southern reports record revenues and record carloads in 2Q 2013
(Source: Kansas City Southern press release (PDF), July 19, 2013) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record second quarter 2013 revenues of $579 million. Overall, carload volumes were 3% higher than in second quarter 2012. Second quarter 2013...
CSX Corporation announces second quarter 2013 earnings of 52 cents per share
(Source: CSX press release, July 16, 2013) JACKSONVILLE, Fla. — CSX Corporation announced second-quarter net earnings of $535 million, or $0.52 per share, versus $512 million, or $0.49 per share, in the same period last year. This performance was supported by overall...
