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Daily Headlines
CSX profits up; revenue shows drop
JACKSONVILLE, Fla. -- Profits increased during the first three months of the year at the parent company of Jacksonville's CSX Transportation despite a drop in revenue, the Florida Times-Union reported. CSX Corp. said its first-quarter earnings reached $25 million, or...
CN earnings disappoint investors
OTTAWA -- Stock in Canadian National Railway Co., down $5.77, to $74.35, on volume of 1.8 million shares, was pummelled even though CN reported on Monday a 14% increase in first-quarter earnings before unusual items, the National Post reports. "The quality of the...
NS posts Q1 profit rise
NORFOLK, Va. -- U.S. railway operator Norfolk Southern Corp. on Wednesday posted a jump in first-quarter profits, helped by cost cutting amid a drop in shipping volumes, a wire service reported. Norfolk, which runs freight hauler Norfolk Southern Railway as well as...
BNSF net up despite revenue drop
MIAMI -- According to a wire service, railway operator Burlington Northern Santa Fe Corp. on Tuesday said first-quarter profits rose, helped by cost-cutting even as weak shipping volumes hurt revenues. The Fort Worth, Texas-based transport giant, the No. 2 U.S....
‘Outstanding year’ for U.P.
SALT LAKE CITY, Utah -- As corporate profits plunged amid last year's recession, Union Pacific Corp. was riding its rails to record revenues and income, the Deseret News reports. On Friday, at its annual shareholders meeting at Salt Lake's Little America Hotel, Union...
CSX tracks in good standing for now
JACKSONVILLE -- According to the Florida Times-Union, CSX Transportation has made great strides in improving its track safety over the past two years, an official with a federal agency overseeing the nation's railroads said yesterday, and last week's deadly Amtrak...
Despite recent wrecks, rail still safest way to travel on the ground
PLACENTIA, Calif. -- Despite the first passenger deaths Tuesday in Metrolink's fairly short history and a fatal Amtrak wreck in Florida last week, rail is still the safest way to travel on the ground, the San Bernardino County Sun reported. “Overall, railroad safety...
Trains’ system of avoidance still low-tech
LOS ANGELES -- Rail lines in Orange County have grown increasingly crowded in recent years with both freight and passenger trains -- narrowing the margin of error in a system still heavily reliant on human judgment, the Los Angeles Times reports. Metrolink service to...
Study focuses on signal after crash
PLACENTIA, Calif. -- They were left dazed, bloodied and shellshocked. Some were thrown from their seats, others clambered from windows of the mangled train, reports a wire service. The morning trip to work turned into a frightening and deadly experience for Southern...
2 die in Southern California as trains collide
PLACENTIA, Calif.-- A mile-long freight train slammed into the front of a motionless commuter train during the morning rush hour here today, killing two passengers and injuring at least 160, officials said. Though the freight appears to have been moving at less than...
