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Daily Headlines
KCS to make aggressive push into U.S.-Mexican intermodal market
(Source: DC Velocity, April 18, 2012) WASHINGTON, D.C. — Kansas City Southern Inc. (KCS), the Kansas City, Mo.-based railroad, is poised to significantly expand its presence in the U.S.-Mexico intermodal market, a move that could not only strengthen the railroad's...
House extends transport plan, to begin conferencing with Senate
(Source: Journal of Commerce, April 19, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, the House’s passage on Wednesday of a 90-day extension to highway funding will allow members to begin conferencing with the Senate, giving Congress a shot at passing...
CSX says utility coal the only soft segment in 2Q 2012 outlook
(Source: Reuters, April 18, 2012) NEW YORK — Railroad operator CSX Corp on Wednesday said utility coal is its only business with an unfavorable second-quarter outlook, and it still expects record profit for the year and export coal volume near last year's record high....
CSX furloughs 280 employees in ‘surgical’ move
(Source: MarketWatch.com, April 18, 2012) NEW YORK — CSX Corp. furloughed about 280 employees in the first quarter and put about 100 locomotives into storage, in what Chief Executive Michael Ward characterized as a "surgical" response to a big downturn in demand for...
Union Pacific railroad’s 1Q 2012 profit up 35 percent
(Source: Associated Press, April 19, 2012) OMAHA, Neb. (AP) — Union Pacific's first-quarter profit soared 35 percent as the railroad increased prices and collected more fuel surcharge fees. The Omaha-based company said Thursday that its revenue grew 14 percent to...
Ackman turns up heat in CP Rail board battle
(Source: Globe and Mail, April 16, 2012) TORONTO — As Bill Ackman’s campaign to win voter support for a revamped board at Canadian Pacific Railway Ltd. moves into its final month, the New York activist is stepping up pressure with a shareholder letter faulting the...
First quarter 2012 earnings preview: Union Pacific
(Source: Associated Press, April 17, 2012 OMAHA, Neb. — Union Pacific's earnings report on Thursday will give investors a sense of how much the economy continued to grow during the first three months of 2012. The railroad has generally been able to grow its profits by...
U.S. Development doubles crude-by-rail terminal served by UP
(Source: Reuters, April 17, 2012) NEW YORK — U.S. Development Group LLC has completed the doubling of crude-by-rail unloading capacity at its terminal in St. James, La., raising capacity to 130,000 barrels per day, the company said Tuesday. The terminal is served by...
Secret Service: Metra trains will run during NATO summit, but delays possible
(Source: Chicago Tribune, April 17, 2012) CHICAGO — Commuter rail lines that pass through McCormick Place will operate during the NATO summit next month, but delays are possible due to heightened security, the Secret Service said Tuesday. Full story: Chicago Tribune
Metro-North records all-time best on-time performance in first quarter 2012
(Source: Progressive Railroading, April 17, 2012) MTA Metro-North Railroad reported systemwide on-time performance (OTP) of 98.8 percent during the year’s first three months — the highest quarterly OTP in the railroad’s history, according to the agency. Full story:...
