Rail Industry News
Amtrak photo contest leads to an image problem
(The following story by Jim Dwyer appeared on the New York Times website on July 27, 2010.) NEW YORK — One afternoon, Duane P. Kerzic was arrested by the Amtrak police while taking pictures of a train pulling into Pennsylvania Station. At first, the police asked him...
Group seeks to stall Montana coal railroad
(The Associated Press circulated the following story by Matthew Brown on July 27, 2010.) BILLINGS, Mont. — A conservation group has asked the federal Surface Transportation Board to reconsider its approval of a proposed $550 million railroad that would open new areas...
Better New Haven to Springfield rail line critical to Connecticut economy
(The following story by Don Stacom appeared on the Hartford Courant website on July 27, 2010.) HARTFORD, Conn. — Within six years, workers living in Enfield could take a train to get to jobs in Berlin or Newington, while Meriden residents could ride to work in West...
3 airline unions say they’ll work together on lobbying efforts
(The Associated Press circulated the following on July 27, 2010.) DALLAS — Three unions that represent airline workers say they will work together to lobby for tighter aircraft-maintenance rules and protection for workers whose airlines file for bankruptcy protection....
Railroad shares down at the close of July 27 trading
(The Associated Press circulated the following on July 27, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $.87 or 1.6 percent, to $52.99. Canadian National fell $.85 or 1.4 percent, to $61.88. Canadian Pacific fell...
Norfolk Southern increases stock repurchase program
(Norfolk Southern circulated the following on July 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation today announced that its board of directors has authorized the repurchase of up to an additional 50 million shares of its common stock through Dec. 31, 2014. In...
NS CEO expects shipping growth in 2010 2nd half
(The Associated Press circulated the following on July 27, 2010.) NEW YORK — Railroad Norfolk Southern Corp. said Tuesday it expects shipping volume growth to remain on pace throughout the year. Shipments of vehicles and parts are up significantly from brutal levels a...
NTSB asks transit agencies to remove signals
(The Associated Press circulated the following story by Sarah Brumfield on July 27, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board has recommended that Metro and other transit agencies remove faulty signaling equipment that led to a deadly crash...
NTSB cites track circuit failure and WMATA’s lack of safety culture in 2009 fatal collision
(The National Transportation Safety Board issued the following on July 27, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board today determined that last year's fatal collision of two Washington Metropolitan Area Transit Authority (WMATA) trains on the...
NTSB blames ’09 Metro crash on track circuit failures, negligent safety attitude
(The following story by Ann Scott Tyson appeared on the Washington Post website on July 28, 2010.) WASHINGTON, D.C. — Chronic track circuit failures and a negligent attitude toward safety made a catastrophic accident such as last year's fatal Red Line crash...
Kansas City Southern reports quarterly revenue up by 35 percent
(The following story by Greg Hack appeared on The Kansas City Star website on July 27, 2010.) KANSAS CITY, Mo. — Kansas City Southern earnings jumped five-fold from a year ago and revenue was up 35 percent in the second quarter as the company recovered from the worst...
KCS net jumps fivefold to $37.4 million
(The following story by John D. Boyd appeared on The Journal of Commerce website on July 27, 2010.) WASHINGTON, D.C. — Kansas City Southern, the smallest of North America’s Class I railroads, powered back from tough recession financials to post a $37.4 million profit...
CP Rail earnings rise 30 pct on volumes, costs
(Reuters circulated the following on July 28, 2010.) NEW YORK — Canadian Pacific Railway Ltd (CP.TO) posted a 30 percent jump in quarterly profit on Wednesday on the back of volume growth and cost controls. CP, Canada's second-biggest railroad, earned C$166.6 million...
Canadian Pacific announces second-quarter results
(Canadian Pacific issued the following on July 27, 2010.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) today announced second-quarter net income of $166.6 million. Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the...
NS 2Q profit surges on higher volume and prices; railroad hiring again
(The Associated Press circulated the following story by Samantha Bomkamp on July 27, 2010.) NEW YORK — Railroad Norfolk Southern Corp. said Tuesday that second-quarter earnings surged 59 percent, as shipments increased, prices rose and efficiency improved in the...
Norfolk Southern reports second-quarter 2010 results
(Norfolk Southern issued the following on July 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter 2010 net income of $392 million, an increase of 59 percent, compared with $247 million for second-quarter 2009. Diluted earnings per...
Credit for military service under the Railroad Retirement Act
(The U.S. Railroad Retirement Board issued the following on July 23, 2010.) CHICAGO — Many railroad employees have at some time served in the Armed Forces of the United States. Under certain conditions, their military service may be credited as rail service under the...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, July 27 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
Proposed rules would mandate electronic payments for RRB beneficiaries still receiving paper checks
(The U.S. Railroad Retirement Board issued the following on July 12, 2010.) CHICAGO — Paper checks may be a thing of the past for U.S. Railroad Retirement Board (RRB) beneficiaries who still receive them, under a recent initiative announced by the Department of the...
CSX wants new HQ sign in honor of anniversary
(The following story by Kevin Turner appeared on the Florida Times-Union website on July 26, 2010.) JACKSONVILLE, Fla. — CSX Corp. has applied to replace the signage on its downtown headquarters. The Downtown Development Review Board will discuss the change at its...
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