BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Daily Headlines
Kansas City Southern says 4Q profit up 85 percent
(Source: Associated Press, January 23, 2012) KANSAS CITY, Mo. — Kansas City Southern railroad said Monday that its fourth-quarter profit rose 85 percent to $95.6 million as increases in automotive and intermodal shipments offset rising fuel and executive compensation...
CSX names new Chief Operating Officer and Chief Financial Officer
(Source: CSX press release, January 23, 2012) JACKSONVILLE, Fla. — CSX Corporation today announced the appointments of Oscar Munoz as executive vice president and chief operating officer and Fredrik J. Eliasson as executive vice president and chief financial officer,...
CSX posts increase in 4Q profit on higher freight prices
(Source: Associated Press, January 23, 2012) JACKSONVILLE, Fla. — Freight railroad operator CSX Corp. said Monday that fourth-quarter profit rose 6 percent as higher rates offset a decline in the volume of goods it shipped. Full story: Washington Post
Extension of Norfolk Southern Heartland Corridor finally complete
(Source: Norfolk Southern press release, January 19, 2012) NORFOLK, Va. — Norfolk Southern has cleared the way for more double-stack intermodal trains to use its Heartland Corridor with the opening this week of a newly improved double-stack rail line between Columbus...
Earnings preview: Norfolk Southern to release results January 24
(Source: Forbes, January 19, 2012) NEW YORK — Analysts expect higher profit for Norfolk Southern when the company reports its fourth quarter results on Tuesday, January 24, 2012. The consensus estimate is calling for profit of $1.39 a share, reflecting a rise from $1...
Earnings preview: CSX fourth quarter 2011 results due today
(Source: Forbes, January 18, 2012) JACKSONVILLE, Fla. — Optimism surrounds CSX as it gets ready to report its fourth quarter results on Monday, January 23, 2012. Analysts are expecting the company to book a profit of 44 cents a share, up from 38 cents a year ago. Full...
Maglev may be gone, but high-speed rail remains
(Source: Press Enterprise, January 23, 2012) RIVERSIDE, Calif. — Transportation planners once dreamed that super-fast trains would whisk Southern Californians at more than 300 mph across the Mojave Desert to Las Vegas. But the idea of a magnetic levitation train...
Profit skyrockets at GE’s rail equipment division
(Source: Journal of Commerce, January 20, 2012) WASHINGTON, D.C. — Locomotive maker GE Transportation, part of General Electric, increased revenue 45 percent in 2011on rising demand for equipment and services, the Journal of Commerce reported. Full story: Journal of...
Canadian Pacific cites shareholder support amid Ackman demands
(Source: Bloomberg News, January 20, 2012) NEW YORK — In spite of pressure from activist investor William Ackman to hire a new chief executive officer, Canadian Pacific Railway Ltd. said some customers and shareholders support its current CEO, Fred Green. Full story:...
Canadian Pacific announces long-term potash agreement
(Source: Canadian Pacific Railway press release, January 23, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced today a 10-year agreement with Canpotex Limited. Under the agreement, CP will be Canpotex’s principal Canadian railway, transporting a...
