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Daily Headlines
BNSF says U.S. economy, freight volume growing
(Source: Dow Jones Newswires, January 30, 3012) PALM BEACH, Fla. — Burlington Northern Santa Fe CEO Matthew K. Rose said Monday that the U.S. economy is growing at a "modest" pace and the railroad will add jobs and new rail cars and locomotives this year to keep...
Under House proposal, railroads would get until 2020 to add Positive Train Control
(Source: Boomberg News, January 31, 2012) WASHINGTON, D.C. — Railroads would get five more years to install crash-avoidance technology -- a project estimated to cost about $12 billion — under a proposal by the U.S. House transportation committee. The deadline would...
Canadian Pacific announces strong operating performance and fourth-quarter results
(Source: Canadian Pacific Railway press release, January 26, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced its fourth-quarter and full year 2011 results today. Fourth-quarter CP reported net income of $221 million and diluted earnings per share...
Norfolk Southern reports 2011 fourth-quarter and full-year results
(Source: Norfolk Southern press release, January 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation today reported record fourth-quarter net income of $480 million, 19 percent higher compared with $402 million for the same quarter of 2010. Diluted earnings per...
CN reports Q4-2011 net income of C$592 million, or C$1.32 per diluted share, on best-ever quarterly revenue
(Source: CN press release, January 24, 2012) MONTREAL, Jan. 24, 2012 — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2011. Fourth-quarter and full-year 2011 highlights: • Net income for the final quarter of 2011...
Kansas City Southern reports record fourth quarter and full-year 2011 revenues, carloads and operating income
(Source: Kansas City Southern press release, January 23, 2011) KANSAS CITY, Mo. — Kansas City Southern reported record fourth quarter 2011 revenues of $530 million. Fourth quarter carloads of 522 thousand, also a record, increased 7% over fourth quarter 2010. Fourth...
CSX announces record fourth-quarter and full-year 2011 earnings
(Source: CSX press release, January 23, 2012) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2011 earnings of $0.43 per share, versus $0.38 per share in the same period last year. This represents a 13 percent year-over-year improvement in earnings...
Union Pacific 4Q profit up 24 percent on higher prices
(Source: Associated Press, January 19, 2012) OMAHA, Neb. — Union Pacific Corp.’s fourth-quarter profit jumped 24 percent as the nation’s largest freight railroad operator increased prices and hauled more cargo. Full story: Salt Lake Tribune
New GE Transportation plant to open in Fort Worth by year’s end
(Source: GoErie.com, January 29, 2012) ERIE, Pa. — Before the end of the year, about 500 employees in north Fort Worth, most of them yet to be hired, will be doing work that mirrors the efforts of their 5,500 counterparts in Erie. Full story: GoErie.com
CP Rail: Activist shareholder to make case for new CEO on Feb. 6
(Source: Financial Post, January 27, 2012) TORONTO — William Ackman’s Pershing Square Capital Management will make its case to shareholders for a new CEO at Canadian Pacific Railway at a meeting on Feb. 6 in Toronto, according to a person familiar with the fund’s...
