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Rail Industry News

Class I railroads add workers in June

(The following appeared on the Progressive Railroading website on July 21, 2010.) At 2010’s midpoint, the U.S. Class Is’ traffic uptick was evident in employment figures. As of mid-June, they employed 151,527 workers, up 0.4 percent from May’s total and 1.3 percent...

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Railroad shares mixed at the close of July 21 trading

(The Associated Press circulated the following on July 21, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $.59 or 1.2 percent, to $50.02. Canadian National fell $1.06 or 1.8 percent, to $59.10. Canadian Pacific...

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Union Pacific reports record earnings in 2010 2Q

(Union Pacific issued the following on July 22, 2010.) Omaha, Neb., July 22, 2010 – Union Pacific Corporation (NYSE: UNP) today reported 2010 second quarter net income of $711 million, or $1.40 per diluted share, compared to $465 million, or $0.92 per diluted share,...

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Saginaw Railway Museum to keep access to main line

(The following story by Lindsay Knake appeared on The Saginaw News website on July 20, 2010.) SAGINAW, Mich. — The Saginaw Railway Museum is no longer in danger of being landlocked. CSX Transportation came to an agreement with Saginaw Bay Southern Railway to leave in...

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Raising an iron giant

(The following story by David Hanners appeared on the Pioneer Press website on July 21, 2010.) ST. PAUL, Minn. — Milwaukee Road No. 261 has steamed more than a million miles since it rolled out of a factory in eastern New York state 66 years ago, but on Tuesday, it...

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Moline to buy property for Amtrak terminal

(The following story by Thomas Geyer appeared on The Quad-City Times website on July 20, 2010.) DAVENPORT, Iowa — Moline is one step closer to being a hub in the return of passenger rail service to the Quad-Cities. In a unanimous vote Tuesday, the city council...

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All aboard: Ohio Central Railroad hiring

(The following story by Kathie Dickerson appeared on the Zanesville Times Recorder website on July 20, 2010.) COSHOCTON, Ohio — Rail traffic is up from 2009, and as a result, Ohio Central Railroad is looking to hire an undisclosed number of employees. Positions that...

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Quarterly earnings preview: Union Pacific

(The following appeared at Zacks.com on July 19, 2010.) NEW YORK — An improving U.S. economy, significant surge in automotive shipments, and a sharp rebound in many of the company’s end markets are expected to fuel future growth of Union Pacific Corp. (NYSE: UNP -...

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