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Daily Headlines
Rail car orders down in 2Q, but deliveries up vs. 1Q
(The following appeared on the Progressive Railroading website on July 22, 2010.) In the second quarter, rail-car orders totaled 4,886 units compared with 2,165 units in second-quarter 2009, according to the Railway Supply Institute’s American Railway Car Institute...
CSX agrees with EPA to pay $11.2 million to clean up Desoto County site
(The following story by Mark Basch appeared on the Florida Times-Union website on July 22, 2010.) JACKSONVILLE, Fla. — Jacksonville-based CSX Transportation Inc. reached an agreement with the U.S. Environmental Protection Agency to pay $11.2 million to clean up a...
Railroad shares up at the close of July 22 trading
(The Associated Press circulated the following on July 22, 2010.) NEW YORK — Shares of some top railroads companies were up at the close of trading: CSX rose $1.70 or 3.4 percent, to $51.72. Canadian National rose $2.19 or 3.7 percent, to $61.29. Canadian Pacific rose...
AAR: Weekly rail traffic reflects sluggish economy
(The Association of American Railroads issued the following on July 22, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that rail traffic continues to reflect the sluggish economy with U.S. railroads originating 282,199 carloads for the...
CN raises forecast as profits jump 38%
(The following appeared on the Calgary Herald website on July 23, 2010.) CALGARY — Canadian National Railway reported a 38 per cent jump in quarterly profit on Thursday and raised its full-year forecast based on its strong results over the past six months and...
CN reports net income of C$534 million, up 38 per cent from 2009 results
(CN issued the following on July 22, 2010.) MONTREAL — CN today reported its financial and operating results for the second quarter and first half ended June 30, 2010. Second-quarter 2010 highlights • Net income and diluted earnings per share (EPS) increased by 38 per...
Union Pacific’s CEO Young says U.S. Congress discouraging rail investment
(Bloomberg News circulated the following story by Theo Keith on July 23, 2010.) NEW YORK — Union Pacific Corp.’s chief executive officer said U.S. lawmakers are discouraging needed investment even as federal transit authorities call for $77.7 billion in rail- and...
Union Pacific says furloughed workers coming back
(The Associated Press circulated the following on July 22, 2010.) NEW YORK — Union Pacific will recall most of its furloughed employees within a year, the CEO of the nation's largest railroad said Thursday. The company currently has about 2,300 furloughed employees,...
Union Pacific net jumps 53 percent to $711 million
(The following story by John D. Boyd appeared on The Journal of Commerce website on July 22, 2010.) WASHINGTON, D.C. — Union Pacific Railroad turned in a second-quarter profit that was up 53 percent from a year earlier to $711 million, and was 17 percent of its $4.182...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, July 22 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
