Rail Industry News
CN guns for potash business
(The following appeared on the Financial Post website on April 27, 2011.) OTTAWA — Canadian National Railway Co. is hoping efforts to improve customer service will help it crack a monopoly held by its rival, Canadian Pacific Railway Ltd., to ship most of the country’s...
Amtrak, BNSF plan for alternate route to skirt possible Montana flooding
(The following appeared on the Minot Daily News website on April 28, 2011.) MINOT, N.D. — Railroad officials don't know exactly when it will happen but with Devils Lake on the rise, Amtrak passenger service to Rugby, Devils Lake and Grand Forks is expected to suspend...
Canadian National profit jumps 31 percent, hikes full-year outlook
(The following appeared on The Journal of Commerce website on April 27, 2011.) WASHINGTON, D.C. — Canadian National Railway boosted its profit 31 percent in the first quarter to nearly US$702 million and raised its full-year financial outlook. CN's revenue grew 6...
Amtrak seeking Florida’s rail funds
(The following appeared on the Wall Street Journal website on April 28, 2011.) NEW YORK — Amtrak, previously blocked from receiving federal money for high-speed rail, is now in the running for a big chunk of the $2 billion in funds freed up by Florida's decision to...
Study: Midwest high-speed rail could bring billions in benefits
(The Midwest High Speed Rail Association and Siemens Corp. issued the following on April 28, 2011.) CHICAGO — A high speed rail system serving all major metropolitan areas within 350-450 miles of Chicago could result in significant ridership, economic development and...
Norfolk Southern reports first-quarter 2011 results
(Norfolk Southern issued the following on April 27, 2011.) NORFOLK, Va. — For the first quarter of 2011, Norfolk Southern Corporation reported net income of $325 million, or $0.90 per diluted share, 26 percent higher than $257 million, or $0.68 per diluted share, for...
Rail suppliers seek Buy-America grant changes
(The following appeared on The Journal of Commerce website on April 27, 2011.) WASHINGTON, D.C. — Makers of a wide range of equipment and components used by both the freight and passenger rail industry want the Obama administration to standardized and streamline its...
San Joaquin Valley to get double-deck passenger trains
(The following appeared on the Fresno Bee website on April 27, 2011.) FRESNO, Calif. — Amtrak California will add double-deck coach cars on two of its passenger train lines, including the San Joaquin line that runs through the Valley, with a $100 million federal grant...
DOT announces $100 million for California to purchase American-made rail cars, locomotives
(The U.S. Department of Transportation issued the following on April 27, 2011.) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today announced the California Department of Transportation (Caltrans) will receive a $100 million grant to purchase...
Norfolk Southern declares quarterly dividend
(Norfolk Southern issued the following on April 26, 2011.) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 40 cents per share on its common stock, payable on June 10, to stockholders of record on May 6. Since its inception...
Former DM&E manager says owner should honor deal
(The Associated Press circulated the following on April 26, 2011.) SIOUX FALLS, S.D. — A former Dakota, Minnesota & Eastern Railroad manager is suing the company's Canadian owner, saying executives should have honored a preexisting deal that promised he could keep his...
NS Roanoke Locomotive Shops log 1 million injury-free employee-hours
(Norfolk Southern issued the following on April 26, 2011.) ROANOKE, Va. — Norfolk Southern’s Roanoke Locomotive Shops achieved 1 million injury-free employee-hours in March. The facility near downtown Roanoke, which employs about 200 people in the heavy maintenance...
As Amtrak turns 40, America’s Railroad continues to go green
(The following appeared at www.suite101.com on April 26, 2011.) WASHINGTON, D.C. — On May 1, 2011, Amtrak celebrates 40 years of service with national events through National Train Day and a further commitment to "Green Transportation." Amtrak will celebrate 40 years...
Railroads work through storm impact
(The following appeared on The Journal of Commerce website on April 26, 2011.) WASHINGTON, D.C. — Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada....
Man pleads guilty in Amtrak bomb scare
(The following appeared on the Great Falls Tribune website on April 27, 2011.) GREAT FALLS, Mont. — A Minneapolis man pleaded guilty Tuesday to federal charges stemming from a February bomb scare on a westbound Amtrak train that caused the entire train to be evacuated...
CN reports first quarter net income of $688 million
(CN issued the following on April 26, 2011.) MONTREAL, April 26, 2011 — CN today reported its financial and operating results for the first quarter ended March 31, 2011. First-quarter 2011 highlights • Net income increased 31 per cent from the year-earlier quarter to...
Editorial: How not to plan for the future
(The following editorial appeared on the New York Times website on April 20, 2011.) NEW YORK — The agreement between Congress and the White House to virtually eliminate money for high-speed rail is harebrained. France, China, Brazil, even Russia, understand that...
At least 9 Wisconsin state senators face recall
(The following appeared on the Journal Sentinel website on April 26, 2011.) MADISON, Wisc. — Recall signatures are expected to be filed in Madison this week against a sixth Republican state senator, a representative of the recall campaign said Tuesday. Meanwhile,...
Are China’s high-speed trains heading off the rails?
(The following appeared on the Washington Post website on April 23, 2011.) BEIJING — China’s expanding network of ultramodern high-speed trains has come under growing scrutiny here over costs and because of concerns that builders ignored safety standards in the quest...
New Orleans Public Belt Railroad decides to lease antique railcars
(The following appeared on The Times-Picayune website on April 25, 2011.) NEW ORLEANS — After opting last month not to sell a trio of antique Pullman railcars at the fire-sale price offered by a single bidder, board members of the New Orleans Public Belt Railroad on...
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