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Daily Headlines
KCS reports Q2 2018 results
(Source: Kansas City Southern press release (PDF), July 20, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record revenues of $682 million, an increase of 4% from second quarter 2017. Overall, carload volumes increased 1% compared to prior year. Second...
CP Rail climbs as investors anticipate forecast will get a boost
(Source: Bloomberg, July 19, 2018) MONTREAL — Canadian Pacific Railway Ltd. jumped to a one-month high after signaling that continued strong demand for commodities could boost the carrier’s full-year targets. Full story: Toronto Star
U.S. needs to stay in NAFTA, UP CEO says
(Source: Bloomberg, July 19, 2018) NEW YORK — Union Pacific Chief Executive Officer Lance Fritz discusses the railroad's second-quarter performance, the impact of tariffs on the U.S. economy and goods production, and plans for share buybacks. He speaks with...
Union Pacific CEO: First steel tariffs had an immediate and direct impact
(Source: CNBC, July 19, 2018) NEW YORK — In a television interview with CNBC, Union Pacific CEO Lance Fritz discusses the rail operator's quarterly earnings and the impact of the Trump administration's trade policies on the business. Full story and video: CNBC
Pension reform, 2018 election top issues at IBT Political Conference
(Source: International Brotherhood of Teamsters press release, July 18, 2018) WASHINGTON, D.C. — Teamsters from across the nation descended on Capitol Hill this week to lobby lawmakers and learn about the union’s plans to get involved and activate membership in...
Calgary-based CP Rail manager found guilty in February 2015 incident above Revelstoke
(Source: Revelstoke Mountaineer, July 18, 2018) REVELSTOKE, B.C. — A Calgary-based CP Rail manager could face up to six months in prison and be charged $50,000 in fines after being found guilty of violating the Railway Safety Act. On July 16 CP Rail manager Tim...
Labor strife hurt railway’s 2Q 2018 performance, CP says
(Source: Ottawa Citizen, July 18, 2018) OTTAWA — Canadian Pacific Railway Ltd.’s chief executive said labor negotiations and a brief worker strike slowed the company’s momentum in the second quarter and contributed to a nine percent decrease in profit. Full story:...
Union Pacific’s 2Q 2018 performance hurt by train crew shortages
(Source: Associated Press, July 19, 2018) OMAHA, Neb. — Union Pacific hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. UP CEO Lance Fritz...
Union Pacific reports Q2 2018 results
(Source: Union Pacific press release, July 19, 2018) OMAHA, Neb. — Union Pacific Corporation today reported 2018 second quarter net income of $1.5 billion, or a second quarter record $1.98 per diluted share. This compares to $1.2 billion, or $1.45 per diluted share,...
AAR reports rail traffic for week ending July 14, 2018
(Source: Association of American Railroads press release, July 18, 2018) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 14, 2018. For this week, total U.S. weekly rail traffic was 559,064...
