Rail Industry News
Canadian Pacific declares dividend
(Source: Canadian Pacific Railway press release, August 5, 2011) CALGARY, Alberta — The Board of Directors of Canadian Pacific Railway Limited today declared a quarterly dividend of thirty cents ($0.30) Canadian per share on the outstanding Common Shares. The dividend...
Risky rails: Former CSX worker concerned for rail security
(Source: Index-Journal, August 2, 2011) GREENWOOD, S.C. — A former CSX worker is calling attention to the need for increased security for the nation's freight railroads. He says too much information is readily available on the Internet, making it easier for terrorists...
Norfolk Southern on track to open new yard in Lancaster, Pa.
(Source: Intelligencer Journal, August 7, 2011) LANCASTER, Pa. — The Intelligencer Journal is reporting that Norfolk Southern's new rail yard in Lancaster, Pa., may be completed around Labor Day. The newspaper says discussions regarding the facility began six years...
Railroads hold power over pricing
(Source: Bloomberg News, August 7, 2011) NEW YORK — As North American railroads look to their busiest shipping season, they may look to increase rates higher than the rate of inflation in order to boost earnings. Full story: The Times Leader (Wilkes-Barre, Pa.)
Teamster carhaul members ratify national agreement
(Source: International Brotherhood of Teamsters press release, August 5, 2011) WASHINGTON, D.C. — Teamster carhaulers have ratified a new National Master Automobile Transporters Agreement (NMATA), which addresses members’ top priorities of health and pension benefits....
Hoffa lauds Senate for Ending FAA shutdown, putting Americans back to work
(Source: International Brotherhood of Teamsters press release, August 5, 2011) WASHINGTON, D.C. — Teamsters General President Jim Hoffa today praised the Senate and administration officials for acting responsibly and ending the impasse over Federal Aviation...
Union Pacific reports record second quarter, best-ever earnings per share
(Source: Union Pacific press release, July 21, 2011) OMAHA, Neb. — Union Pacific Corporation today reported 2011 second quarter net income of $785 million, or $1.59 per diluted share, compared to $711 million, or $1.40 per diluted share, in the second quarter 2010....
Norfolk Southern reports second-quarter 2011 results
(Source: Norfolk Southern press release, July 26, 2011) NORFOLK, Va. — Norfolk Southern Corporation today reported record second-quarter net income of $557 million, 42 percent higher compared with $392 million during the same quarter of 2010. Diluted earnings per...
Canadian Pacific Q2 profit falls 23 percent on flooding woes
(Source: Reuters, July 27, 2011) CALGARY — Canadian Pacific Railway reported a 23 percent decline in second-quarter profit as a result of harsh weather and prolonged flooding. Full story: www.reuters.com
CN reports Q2-2011 net income of C$538 million, or C$1.18 per diluted share
(Source: CN press release, July 25, 2011) MONTREAL — CN today reported its financial and operating results for the second quarter and first half ended June 30, 2011. Second-quarter 2011 highlights • Net income increased from the year-earlier quarter to C$538 million,...
CSX announces record second quarter results
(Source: CSX press release, July 19, 2011) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter net earnings of $506 million, or $0.46 per share, versus $414 million, or $0.36 per share, in the same period last year. This represents a 28 percent...
KCS reports record second quarter revenue; Operating ratio of 71.7%
(Source: Kansas City Southern press release, July 21, 2011) KANSAS CITY, Mo. — Kansas City Southern reported second quarter 2011 revenues of $535 million, a 16% increase compared to the corresponding 2010 period. Overall, carload volumes were 7% higher than in second...
Train Avoids Derailment But Blocks Traffic on FM 306 for Two Hours
(Source: KGNB, August 3, 2011) NEW BRAUNFELS, Tex. — A Union Pacific train traveling through New Braunfels yesterday afternoon avoided being derailed, but tied up traffic on FM 306 near Gruene for several hours in the process. New Braunfels Police say the Texas heat...
End of an era
(Source: Renfrew Mercury, August 3, 2011) CP rails being pulled up CALGARY, Canada — It’s the end of an era. Railway travel has been part of Renfrew and surrounding communities since 1872, but that chapter ends this year. Ed Greenberg, a Calgary-based spokesman with...
CSX train hits car near Monrovia; man in critical condition
(Source: Frederick News Post, August 3, 2011) MONROVIA, CA — A New Jersey man is in critical condition after his car was struck by a train late Monday near Monrovia. According to the Frederick County Sheriff's Office, David Callan, 47,of Stratford, N.J., entered a...
CSX to build new $15m intermodal terminal in Louisville
(Source: Rail.co, August 2, 2011) LOUISVILLE, Ken. — CSX has announced that a privately-funded $15 million, 34-acre intermodal terminal will be constructed in Louisville, Kentucky. The terminal, which is to begin operations in early 2012, will provide efficient,...
Update: Big-Rig, Amtrak Train Collide Near Vacaville
(Source: Dixon Patch, August 1, 2011) Dixon, Calif. - Update: 12:06 p.m.: Tracks have partially reopened following a collision between an Amtrak train and a big-rig near Fairfield this morning. The accident was reported around 8:30 a.m. near Vanden and Cannon roads,...
Union Pacific named ‘Rail Carrier of the Year’
(Source: Rail.co, August 1, 2011) ConAgra Mills named Union Pacific its Rail Carrier of the Year for its grain product transportation service. “We work hard to maintain a high standard of quality and efficiency for our customers,” said Paul Hammes, Union Pacific vice...
New Jersey man critically injured when car hit by train
(Source: Frederick News Post, August 2, 2011) FREDERICK, MD - UPDATE (8:40 a.m.) Callan is listed in critical condition, Shock Trauma spokeswoman Cindy Rivers said. (7:37 a.m.) A New Jersey man was critically injured when his car was struck by a train just off Md. 75...
Local businesses affected by new Amtrak bridge
(Source: WTNH, August 1, 2011) EAST LYME, Conn. - Amtrak bridge work in East Lyme is having an impact on boating traffic. The old Bascule bridge is up now for those not so big boats going through. With the new bridge it won't have to go up for boats like that because...
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