Rail Industry News
Canadian Pacific Railway announces dividend increase
(Source: Canadian Pacific Railway
CN declares second-quarter 2012 dividend
(Source: Canadian National press release, April 23, 2012) MONTREAL, April 23, 2012 — CN announced today that its Board of Directors has approved a second-quarter 2012 dividend on the Company's common shares outstanding. A quarterly dividend of...
Mild winter boosts CN’s profit; Expects higher full year results
MONTREAL — Canadian National Railway said on Monday its full year earnings would come in at the top end of an earlier forecast after a mild winter and improving economy helped it lift first-quarter earnings by 16 per cent, beating market expectations. (Full story:...
Big guns for WWII memorial arrive in Phoenix via BNSF
(Source: Associated Press, April 20, 2012 PHOENIX, Ariz. — Two guns, including one from the USS Arizona, arrived in Phoenix on Friday via BNSF Railway for a planned state World War II memorial. Full story: www.AZfamily.com
Read Union Pacific’s first quarter 2012 earnings call transcript
(Source: Seeking Alpha, April 19, 2012) A transcript of Union Pacific's first quarter 2012 conference call is available on the Seeking Alpha website. Full story: Seeking Alpha
Railroad stocks up at close of April 20 trading
(Source: Associated Press, April 20, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on April 20, including CSX, which rose 0.2 percent, and Norfolk Southern, which rose 1.2 percent. Full story: CBS News
Louisiana on track for industrial, transportation growth
(Source: The Advocate, April 23, 2012) BATON ROUGE, La. — Louisiana could be on the cusp of an industrial, manufacturing and exporting boom, industry watchers say, thanks in part to technology improvements allowing companies to tap into abundant, subsurface natural...
Plans for Amtrak summit on Chicago-Quincy corridor move ahead
(Full story: Register-Mail, April 21, 2012) GALESBURG, Ill. — State Rep. Don Moffitt said last week plans are steaming ahead for an Amtrak summit this summer for downstate cities on the Chicago-Quincy corridor. Full story: Register-Mail
Illinois awards Chicago-based Amtrak station with grant for eco efficiency
(Source: Associated Press, April 23, 2012) CHICAGO — The Chicago-based Amtrak station is getting an eco-friendly upgrade. Illinois officials have awarded Amtrak with a $300,000 energy efficiency grant to assist the agency in updating its train yard in Chicago, which...
California High-Speed Rail posts final report on route in valley
(Full story: Fresno Bee, April 20, 2012) FRESNO, Calif. — A 32-chapter report intended to be the final word on the effects of high-speed trains between Merced and Fresno was released Friday by the California High-Speed Rail Authority. Full story: Fresno Bee
Conservative nonprofit ALEC acts as stealth business lobbyist
(Source: New York Times, April 21, 2012) NEW YORK — Desperate for new revenue, Ohio lawmakers introduced legislation last year that would make it easier to recover money from businesses that defraud the state. It was quickly flagged at the Washington headquarters of...
DOT launches first multistate order for standardized high-speed rail cars
(Source: U.S. Department of Transportation press release, April 20, 2012) WASHINGTON, D.C. — Rail car manufacturers across the country will have an opportunity to submit bids to produce the first American-made, standardized passenger rail cars, U.S. Transportation...
BLET engineer promotes railroad safety
(Source: KRWG News 22, April 18, 2012. Debra Barnett is a Union Pacific locomotive engineer and member of BLET Division 192 in El Paso, Texas.) SANTA TERESA, Texas — On a recent train ride to Santa Teresa, passengers learned the importance of safety around the tracks...
High-risk trial begins in labor fight between Hostess Brands and Teamsters
(Source: In These Times, April 20, 2012) WASHINGTON, D.C. — The risks are high in a trial that began this week pitting top corporate managers at Hostess Brands against the unionized workers who have produced and distributed its cakes, breads and snack foods for...
Stock glance: Railroad companies down at close of April 19 trading
(Source: Associated Press, April 19, 2012) NEW YORK — Shares of some top railroad companies were down at the close of April 19 trading, including Union Pacific, which fell 3.6 percent, and Kansas City Southern, which fell 3.1 percent. Full story: CBS News
AAR: Railroads report intermodal volume up 1.6 percent in week ending April 14, 2012
(Source: Association of American Railroads press release, April 19, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending April 14, 2012, with U.S. railroads originating 276,789 carloads, down...
NS, KCS launch US-Mexico 53-foot box service
(Source: Journal of Commerce, April 19, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, Norfolk Southern Railway and Kansas City Southern Railway are expanding their intermodal rail service linking Mexico and the U.S. by offering a dedicated 53-foot...
Union Pacific projects decline in coal shipments
(Source: Lincoln Journal Star, April 19, 2012) LINCOLN, Neb. — Union Pacific Corp. on Thursday projected shipments of coal, its biggest cargo, will drop more than 10 percent in the second quarter and remain lower than last year for the rest of 2012. Full story:...
Union Pacific looks to Mexico as US coal demand falls
(Source: Platts, April 19, 2012) WASHINGTON, D.C. — As domestic US coal volumes continue to shrink, Union Pacific executives said Thursday they are closely watching terminal developments in Longview, Washington, and even exploring the potential of exporting coal...
Strong railroad profits show U.S. economy growing
(Source: Associated Press, April 19, 2012) OMAHA, Neb. — Strong earnings reports from Union Pacific and CSX show that the U.S. economy is continuing its long, slow recovery. Full story: Myrtle Beach Online
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