Rail Industry News
BNSF profit rises 8.5 percent despite traffic decline
(Source: Journal of Commerce, November 17, 2011) WASHINGTON, D.C. — The Journal of Commerce reported yesterday that BNSF Railway’s profit rose 8.5 percent year-over-year to $766 million in the second quarter, as the railroad's revenue rose 13 percent despite traffic...
BNSF profit rises 8.5 percent despite traffic decline
(Source: Journal of Commerce, November 17, 2011) WASHINGTON, D.C. — The Journal of Commerce reported yesterday that BNSF Railway’s profit rose 8.5 percent year-over-year to $766 million in the second quarter, as the railroad's revenue rose 13 percent despite traffic...
House Republicans promise quick action on transportation plan
(Source: Journal of Commerce, November 17, 2011) WASHINGTON, D.C. — House Republican leaders, pledging a transportation plan of unspecified scale and unstated length, said Thursday tapping into expanded domestic energy production could maintain infrastructure funding...
House Republicans promise quick action on transportation plan
(Source: Journal of Commerce, November 17, 2011) WASHINGTON, D.C. — House Republican leaders, pledging a transportation plan of unspecified scale and unstated length, said Thursday tapping into expanded domestic energy production could maintain infrastructure funding...
What does it mean when a quarter of middle class Americans plan to work until 80, longer than most people live?
(Source: CNN, November 17, 2011) So much for the golden years. A new survey shows one fourth, 25% of middle-class Americans, say they plan to delay retirement until at least 80. Full story: www.cnn.com
What does it mean when a quarter of middle class Americans plan to work until 80, longer than most people live?
(Source: CNN, November 17, 2011) So much for the golden years. A new survey shows one fourth, 25% of middle-class Americans, say they plan to delay retirement until at least 80. Full story: www.cnn.com
Middle-class neighborhoods squeezed out, income gap rises
(Source: Reuters, November 16, 2011) NEW YORK — American middle-class neighborhoods are on the decline and the divide between the rich and poor is widening. Full story: www.reuters.com
Middle-class neighborhoods squeezed out, income gap rises
(Source: Reuters, November 16, 2011) NEW YORK — American middle-class neighborhoods are on the decline and the divide between the rich and poor is widening. Full story: www.reuters.com
Hoffa, with 57% of vote, set to win re-election as Teamsters president
(Source: Detroit News, November 17, 2011) WASHINGTON, D.C. — James P. Hoffa is expected to easily win re-election to another five-year term as president of the 1.4 million-member International Brotherhood of Teamsters, the Detroit News reported. According to a tally...
Hoffa, with 57% of vote, set to win re-election as Teamsters president
(Source: Detroit News, November 17, 2011) WASHINGTON, D.C. — James P. Hoffa is expected to easily win re-election to another five-year term as president of the 1.4 million-member International Brotherhood of Teamsters, the Detroit News reported. According to a tally...
Four unions reach agreement with railroads
(Source: Journal of Commerce, November 17, 2011) WASHINGTON, D.C. — According to the Journal of Commerce, major U.S. railroads have new tentative agreements with four of the 11 unions needed to avert a potential nationwide strike or lockout in December: the...
UP making track improvements on Nebraska line in Grand Island
(Source: Union Pacific Railroad press release, November 15, 2011) OMAHA, Neb. — Union Pacific Railroad will continue improving Nebraska's transportation infrastructure with more than $6 million in investment to enhance the rail line that runs through Grand Island. The...
UP making track improvements on Nebraska line in Grand Island
(Source: Union Pacific Railroad press release, November 15, 2011) OMAHA, Neb. — Union Pacific Railroad will continue improving Nebraska's transportation infrastructure with more than $6 million in investment to enhance the rail line that runs through Grand Island. The...
With new investor on board, CP Rail faces a boardroom battle to catch CN
(Source: Macleans, November 16, 2011) TORONTO — New York hedge fund Pershing Square Capital Management LP recently revealed that it had taken a 12.2 per cent stake in CP, which has lagged other North American railroads’ performances in recent years—particularly CN....
With new investor on board, CP Rail faces a boardroom battle to catch CN
(Source: Macleans, November 16, 2011) TORONTO — New York hedge fund Pershing Square Capital Management LP recently revealed that it had taken a 12.2 per cent stake in CP, which has lagged other North American railroads’ performances in recent years—particularly CN....
KCS declares dividend on 4% non-cumulative preferred stock
(Source: Kansas City Southern press release, November 16, 2011) KANSAS CITY, Mo. — Kansas City Southern’s (KCS) Board of Directors on November 16, 2011 declared a dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is...
KCS declares dividend on 4% non-cumulative preferred stock
(Source: Kansas City Southern press release, November 16, 2011) KANSAS CITY, Mo. — Kansas City Southern’s (KCS) Board of Directors on November 16, 2011 declared a dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is...
Buffett’s BNSF bets on Asian specialty grain
(Source: Bloomberg News, November 17, 2011) NEW YORK — Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty...
Buffett’s BNSF bets on Asian specialty grain
(Source: Bloomberg News, November 17, 2011) NEW YORK — Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty...
Billionaire Buffett’s Bakken oil boom
(Source: Investor's Business Daily, November 16, 2011) NEW YORK — As oil production ramps up in the Bakken fields of North Dakota, plans to use a pipeline to transport it have been dashed. As a result, North Dakota's booming oil producers will have to rely on the...
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