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Daily Headlines
NS CEO expects shipping growth in 2010 2nd half
(The Associated Press circulated the following on July 27, 2010.) NEW YORK — Railroad Norfolk Southern Corp. said Tuesday it expects shipping volume growth to remain on pace throughout the year. Shipments of vehicles and parts are up significantly from brutal levels a...
NTSB asks transit agencies to remove signals
(The Associated Press circulated the following story by Sarah Brumfield on July 27, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board has recommended that Metro and other transit agencies remove faulty signaling equipment that led to a deadly crash...
NTSB cites track circuit failure and WMATA’s lack of safety culture in 2009 fatal collision
(The National Transportation Safety Board issued the following on July 27, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board today determined that last year's fatal collision of two Washington Metropolitan Area Transit Authority (WMATA) trains on the...
NTSB blames ’09 Metro crash on track circuit failures, negligent safety attitude
(The following story by Ann Scott Tyson appeared on the Washington Post website on July 28, 2010.) WASHINGTON, D.C. — Chronic track circuit failures and a negligent attitude toward safety made a catastrophic accident such as last year's fatal Red Line crash...
Kansas City Southern reports quarterly revenue up by 35 percent
(The following story by Greg Hack appeared on The Kansas City Star website on July 27, 2010.) KANSAS CITY, Mo. — Kansas City Southern earnings jumped five-fold from a year ago and revenue was up 35 percent in the second quarter as the company recovered from the worst...
KCS net jumps fivefold to $37.4 million
(The following story by John D. Boyd appeared on The Journal of Commerce website on July 27, 2010.) WASHINGTON, D.C. — Kansas City Southern, the smallest of North America’s Class I railroads, powered back from tough recession financials to post a $37.4 million profit...
CP Rail earnings rise 30 pct on volumes, costs
(Reuters circulated the following on July 28, 2010.) NEW YORK — Canadian Pacific Railway Ltd (CP.TO) posted a 30 percent jump in quarterly profit on Wednesday on the back of volume growth and cost controls. CP, Canada's second-biggest railroad, earned C$166.6 million...
Canadian Pacific announces second-quarter results
(Canadian Pacific issued the following on July 27, 2010.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) today announced second-quarter net income of $166.6 million. Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the...
NS 2Q profit surges on higher volume and prices; railroad hiring again
(The Associated Press circulated the following story by Samantha Bomkamp on July 27, 2010.) NEW YORK — Railroad Norfolk Southern Corp. said Tuesday that second-quarter earnings surged 59 percent, as shipments increased, prices rose and efficiency improved in the...
Norfolk Southern reports second-quarter 2010 results
(Norfolk Southern issued the following on July 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter 2010 net income of $392 million, an increase of 59 percent, compared with $247 million for second-quarter 2009. Diluted earnings per...
