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Daily Headlines
KCS posts fourth quarter 2009 operating results
(Kansas City Southern issued the following on January 28, 2010.) KANSAS CITY, Mo. — Kansas City Southern reported fourth quarter 2009 revenues of $406.8 million, a 4% decrease compared to the corresponding 2008 period. Sequentially, KCS showed continued revenue growth...
Norfolk Southern reports 2009 fourth-quarter and full-year results
(Norfolk Southern issued the following on January 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today reported fourth-quarter 2009 net income of $307 million, or $0.82 per diluted share, compared with $452 million, or $1.21 per diluted share, for...
Norfolk Southern profit falls 37 percent
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 27, 2010.) WASHINGTON, D.C. — Norfolk Southern Railway’s fourth-quarter net income fell 32 percent from a year earlier to $307 million, as revenue fell 16 percent to $2.1...
Projects in California, Florida, Illinois are the biggest winners of high-speed rail grants
(The Associated Press circulated the following story by Joan Lowy on January 28, 2010.) WASHINGTON, D.C. — High-speed rail projects in California, Florida and Illinois are among the big winners of $8 billion in grants to be announced Thursday by the White House — the...
Obama to give 13 areas $8 billion for high speed rail
(Bloomberg News circulated the following story by Angela Greiling Keane on January 27, 2010.) WASHINGTON, D.C. — California will get $2.3 billion and Florida $1.3 billion to help build high-speed passenger-train service, the biggest winners among 31 states sharing $8...
Railroad Retirement Board customer service plan update
(The U.S. Railroad Retirement Board circulated the following on January 8, 2010.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the...
Dallas Logistics Hub developers file for bankruptcy
(The following story by Sandra Baker appeared on the Fort Worth Star-Telegram website on January 26, 2010.) FORT WORTH, Texas — Developers of the 6,000-acre Dallas Logistics Hub in far south Dallas County have filed for Chapter 11 bankruptcy to reorganize their debt....
California Northern Railroad converts to green locomotives
(The following story by Mark Glover appeared on The Sacramento Bee website on January 27, 2010.) SACRAMENTO, Calif. — Historically, massive locomotives have been the antithesis of quiet, environmentally friendly machines. But the Davis-based California Northern...
Amtrak’s Tampa area ridership continues doing well
(The following story by Ted Jackovics appeared on the Tampa Tribune website on January 27, 2010.) TAMPA — Tampa International Airport handles the same number of passengers in two days that Amtrak in Tampa handles over a year, but local ridership on the single...
Editorial: Florida faces another SunRail obstable
(The following editorial appeared on the Orlando Sentinel website on January 26, 2010.) ORLANDO, Fla. — We told you last month — on Dec. 9, to be exact — that at long last, Florida was about to become a passenger-rail leader. That beginning in 2012, commuters could...
