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Daily Headlines
CSX executives forecast strong demand for U.S. coal exports In 2012
(Source: Dow Jones, January 24, 2012) NEW YORK — CSX Corp. executives forecast continued strong U.S. coal exports in 2012, although they said the railroad's coal shipments likely will be down overall because of slack demand from domestic electric utilities. Full...
Transcript: Canadian National Q4 2011 earnings call
(Source: Seeking Alpha, January 24, 2012) NEW YORK — A transcript of Norfolk Southern's earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
Transcript: Norfolk Southern Q4 2011 earnings call
(Source: Seeking Alpha, January 24, 2012) NEW YORK — A transcript of Norfolk Southern's earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
Norfolk Southern increases dividend
(Source: Norfolk Southern press release, January 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 9.3 percent, or 4 cents per share, from...
Norfolk Southern 4Q profit rises 19 percent
(Source: Associated Press, January 24, 2012) NORFOLK, Va. — Higher rates and heavier traffic helped freight railroad operator Norfolk Southern Corp. boost fourth-quarter profit by 19 percent. Revenue was less than analysts expected, and operating costs rose sharply on...
Hackers manipulated U.S. railway computers, TSA memo says
(Source: Nextgov.com, January 24, 2012) Hackers, possibly from abroad, executed an attack on a Northwest rail company's computers that disrupted railway signals for two days in December, according to a government memo recapping outreach with the transportation sector...
Transcript of KCS 4Q 2011 conference call
(Source: Seeking Alpha, January 23, 2012) NEW YORK — A transcript of Kansas City Southern's earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
Bicentennial locomotive 1776 still shows spirit
(Source: Roanoke Times, January 24, 2012) ROANOKE, Va. — The Virginia Museum of Transportation's red, white and blue "1776" locomotive is riding the rails again. The locomotive, built in 1970 by General Motors, was one of 115 SD45 diesel locomotives purchased by the...
BNSF among winners from denial of oil pipeline
(Source: Bloomberg News, January 23, 2012) NEW YORK — Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline...
CSX to suspend Indianapolis train traffic for Super Bowl
(Source: The Indy Channel, January 23, 2012) INDIANAPOLIS, Ind. — Train tracks that run within a block of Lucas Oil Stadium will be empty come Super Bowl Sunday (February 5). As part of the overall public safety plan to reduce the possibility of a hazardous chemical...
