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Daily Headlines
AAR: Intermodal up 0.6 percent over 2012 for week ending April 20
(Source: Association of American Railroads press release, April 25, 2013) WASHINGTON, D.C. — The Association of American Railroads (AAR) reported mixed traffic for the week ending April 20, 2013, with total U.S. weekly carloads of 276,662 carloads, down 2 percent...
CP Rail’s ‘dream team’ lifts any doubt about turnaround
(Source: Financial Post, April 25, 2013) OTTAWA — Any doubt that the transformation underway at Canadian Pacific Railway is real was lifted this week after the railway delivered a “stunning” operating performance in the first quarter despite harsh winter weather,...
Railroad antitrust case reaches Washington appeals court
(Source: Reuters, April 29, 2013) WASHINGTON, D.C. — A multibillion- dollar antitrust suit alleging four major U.S. freight rail operators conspired to impose a uniform fuel charge on shipping customers reaches a crucial point on May 3, when a federal appeals court in...
Boston Teamsters to Westboro hate group: You are not welcome here
(Source: International Brotherhood of Teamsters press release, April 23, 2013) BOSTON — More than 1,000 Boston Teamsters, union members and concerned citizens lined the streets of Medford, Mass. on Monday, April 22, 2013 to serve as human shields blocking the Westboro...
DOT announces fifth round of funding from TIGER grant program
(Source: U.S. Department of Transportation press release, April 22, 2013) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today announced the availability of $474 million for a fifth round of the highly successful TIGER (Transportation Investment...
Norfolk Southern 1Q 2013 profit up 10 percent
(Source: Associated Press, April 23, 2013) OMAHA, Neb. — Norfolk Southern reported a 10 percent improvement in first-quarter profit Tuesday as an increase in railroad shipping volume and a land sale helped offset continued weak coal demand. Full story: Miami Herald
Norfolk Southern reports first-quarter 2013 results
(Source: Norfolk Southern press release, April 23, 2013) NORFOLK, VA. - For the first quarter of 2013, Norfolk Southern Corporation reported net income of $450 million, or $1.41 per diluted share, 10 percent higher than $410 million, or $1.23 per diluted share, for...
CN reports 1Q 2013 net income of C$555 million, or C$1.30 per diluted share
(Source: CN press release, April 22, 2013) MONTREAL — On April 22, CN reported its financial and operating results for the first quarter ended March 31, 2013. First-quarter 2013 highlights • First-quarter 2013 net income was C$555 million, or C$1.30 per diluted share,...
Canadian Pacific reports 1Q 2013 net income of C$217M or C$1.24 per diluted share; Calls it best first quarter results in company’s history
(Source: Canadian Pacific Railway press release, April 24, 2013) CALGARY, Alberta — Canadian Pacific Railway Limited today announced record Q1 2013 results. Reported net income in the first quarter was $217 million, or $1.24 per diluted share, versus $142 million, or...
Indianapolis to Chicago Amtrak route faces deadline
(Source: Post Tribune, April 24, 2013) INDIANAPOLIS — An Amtrak rail service carrying passengers from Chicago to Indianapolis may see the end of the line if Indiana policymakers decide against picking up the bill. The Hoosier State rail service runs four times a week,...
