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Daily Headlines
Metra trains collide with van
(The following story by Amy Deis and Jennifer Zimmerman appeared at PioneerLocal.com on January 28.) CHICAGO — Two Metra trains collided with a van in Hinsdale after the driver left his vehicle. Witnesses attempted to move the van from the tracks before an eastbound...
BNSF plans lower 2008 capital spending
(Reuters circulated the following story by Nick Carey on January 29.) CHICAGO — U.S. railroad Burlington Northern Santa Fe Corp. said on Tuesday that it plans capital expenditures of $2.45 billion in 2008, down from the $2.59 billion it spent in 2007. The news came in...
NS drops Pa. site for wind turbine
(The following story by David Dekok appeared on The Patriot-News website on January 29.) HARRISBURG, Pa. — Norfolk Southern Corp. has crossed the Enola freight yards in East Pennsboro Twp. off its list of potential sites for a wind turbine. The reason has a lot to do...
Railways on track for earnings
(The following story by Scott Deveau appeared on the Financial Post website on January 29.) OTTAWA — Despite the current market volatility, dwindling freight volumes, and high fuel prices, analysts remain bullish on most of North America's top-tier railways. Savvy...
Cameras on UP trains will record accidents, deaths
(The following story by Erik N. Nelson appeared on the San Jose Mercury News website on January 29.) SAN JOSE, Calif. — Freight railroad Union Pacific is installing cameras on its locomotives with the objective of recording accidents involving their trains colliding...
Nearly 90 percent of UP road locomotives to have cameras this year
OMAHA, Neb. — Union Pacific this year plans to install more than 1,600 Track Image Recorders (TIRs) aboard locomotive cabs to digitally record a view of the track, crossings and signals directly in front of a train as it travels over the rails. "Installation of TIR...
CP Rail grows EPS in 2007
(Canadian Pacific issued the following on January 29.) CALGARY — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced its fourth-quarter and full year results for 2007 today. In the fourth quarter, net income increased to $342 million in 2007 compared with $146...
CP Rail more than doubles Q4 profit
(The following story by Grant Surridge appeared on the Financial Post website on January 29.) OTTAWA — Canadian Pacific Railway Ltd. said on Tuesday its fourth quarter profit more than doubled to $342-million ($2.21 a share) compared with $146-million a year ago (92...
BNSF reports all-time record fourth quarter EPS
(The Burlington Northern Santa Fe Corporation issued the following on January 29.) FORT WORTH, Texas — Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported quarterly earnings of $1.46 per diluted share, compared with fourth-quarter 2006 earnings...
BNSF 4Q profit falls
(The Associated Press circulated the following story by Samantha Bomkamp on January 29.) FORT WORTH, Texas — Burlington Northern Santa Fe Corp., the nation's second-largest railroad, said Tuesday its fourth-quarter earnings fell modestly as one-time costs offset...
