Rail Industry News
Short line railroads see 9 percent traffic gain
(The following appeared on The Journal of Commerce website on April 21, 2011.) WASHINGTON, D.C. — North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double...
Bill Gates now CN’s largest shareholder
(The following appeared on the Globe and Mail website on April 25, 2011.) TORONTO — Bill Gates owns a $3.2-billion train set, making him the largest Canadian National Railway Co. The Microsoft Corp. founder now controls more than 46 million CN shares, or 10.04 per...
Canadian Pacific announces lower first quarter 2011 results
(Canadian Pacific issued the following on April 21, 2011.) CALGARY, Alberta — Canadian Pacific Railway Limited announced its first-quarter 2011 results today. Reported net income in the first-quarter was $33.7 million and diluted earnings per share were $0.20. As...
Teamsters support planned merger of AT&T and T-Mobile
(The International Brotherhood of Teamsters issued the following on April 25, 2011.) WASHINGTON, D.C. — Last week, AT&T and Deutsche Telekom AG announced that the two entities had reached an agreement for AT&T’s acquisition of T-Mobile. The Teamsters Union supports...
‘Runaway CEO pay’ could support 102,000 jobs, AFL-CIO Says
(Bloomberg News circulated the following on April 19, 2011.) WASHINGTON, D.C. — Chief executive officers at 299 U.S. companies had combined compensation of $3.4 billion in 2010, enough to pay more than 102,000 workers, the AFL-CIO labor federation reported in a study....
KCS reports first quarter revenue growth of 12 percent
(Kansas City Southern issued the following on April 21, 2011.) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported first quarter 2011 revenues of $489 million, a 12% increase compared to the corresponding 2010 period. Overall, carload volumes were 7% higher than in...
CSX announces record first quarter results
(CSX issued the following on April 19, 2011.) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter net earnings of $395 million, or $1.06 per share, versus $305 million, or $0.78 per share, in the same period last year. This represents a 36 percent...
Union Pacific reports record first quarter
(Union Pacific issued the following on April 20, 2011.) OMAHA, Neb. — Union Pacific Corporation reported 2011 first quarter net income of $639 million, or $1.29 per diluted share, compared to $516 million, or $1.01 per diluted share, in the first quarter 2010. First...
AAR: Steady weekly rail traffic gains
(The Association of American Railroads issued the following on April 21, 2011.) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported steady weekly rail traffic gains with U.S. railroads originating 295,426 carloads for the week ending April...
Teamsters: An update in the War on Workers
(The International Brotherhood of Teamsters issued the following in April 21, 2011.) WASHINGTON, D.C. — In mid-April, Teamsters rallied in Michigan, lobbied their elected representatives in Missouri, geared up for a citizens’ veto of Senate Bill 5 (SB5) in Ohio and...
Adjusted Federal income tax withholding for many RRB annuitants
(The U.S. Railroad Retirement Board issued the following press release on February 9, 2011.) CHICAGO — The Railroad Retirement Board (RRB) has adjusted the railroad retirement benefits of over 140,000 beneficiaries to apply new Federal income tax withholding rates....
Benefits under Railroad Retirement and Social Security
(The U.S. Railroad Retirement Board issued the following on March 1, 2011.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...
UPDATE: Teen Didn’t See Train Coming
(The following story by Bob Grotenhuis appeared on KTSM NewsChannel 9 website on April 19, 2011.) SOCORRO, Tex. — UPDATE: 11:04 a.m. Updated reports indicate 14-year-old Justin Alcantar, an Ernesto Serna middle school student, was walking home with his back to a...
SC jury awards man $275,000 in train wreck crash
(The following story appeared on the SC Now website on April 20, 2011.) AIKEN, S.C. — An Aiken County jury has awarded $275,000 to a man who claims to suffer permanent lung injuries from a deadly South Carolina train wreck and chemical spill. Attorney Paul Dominick...
Railroad Day honors community heritage
(The following story appeared on the KC Community News website on April 20, 2011.) OSAWATOMIE, Kan. — Osawatomie will honor its Missouri and Union Pacific Railroad employees and retirees during Railroad Day from 9 a.m. to 4 p.m. Saturday in downtown Osawatomie. The...
Passover Glitch Plagues Amtrak
(The following story by Andrew Grossman appeared on The Wall Street Journal website on April 20, 2011.) New York, NY — Long Island Rail Road officials are asking Amtrak to change the way it handles track inspections after a poorly timed repair held up travelers during...
In battle between trains and cars, trains always win
(The following story by Jackie Hutchins appeared on the Reporter-Herald website on April 20, 2011.) LOVELAND, Col. — Too many drivers don’t stop when they see a train headed down the tracks. On Tuesday morning, local law enforcement officers joined train operators for...
CSX train kills 1; Brunswick Line delays probable
(The following story appeared on The Washington Post website on April 18, 2011.) GAITHERSBURG, MD — 4:05 p.m. Update: The MTA says the Brunswick Line has reopened. Trains are operating at reduced speeds. Delays of 10 to 15 minutes west of Gaithersburg are likely,...
Church Hill teen charged in incident on rail trestle
(The following story by Kevin Castle appeared on the Times News website on April 20, 2011.) KINGSPORT, Tenn. — Some people take a walk on railroad tracks out of necessity or for a thrill, but federal statistics show this is the deadliest activity on record throughout...
Children learn train safety with Rep. Chris Nybo
(The following story appeared on the Elmhurst Press website on April 20, 2011.) ELMHURST, IL — State Rep. Chris Nybo (R-41st District) hosted dozens of area students and their families on a Union Pacific train as part of the legislator’s Railroad Safety Adventure....
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