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Rail Industry News

CSX sees further gains from economic recovery

(Reuters circulated the following on July 13, 2010.) JACKSONVILLE, Fla. — Railroad company CSX Corp (CSX.N) expects to build on its better-than-expected second-quarter profit with good gains in the current quarter, as the economic recovery gains momentum, company...

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CSX announces second quarter 2010 earnings

(CSX issued the following on July 12, 2010.) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter earnings from continuing operations of $414 million, or $1.07 per share, versus $282 million, or $0.71 per share, in the same period last year. This...

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CSX profit rises 36 percent to $414 million

(The following story by John D. Boyd appeared on The Journal of Commerce website on July 13, 2010.) WASHINGTON, D.C. — Major eastern-U.S. railroad CSX posted a $414 million profit in the second quarter. That was up 36 percent from the 2009 period, while its $2.663...

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Alaska Railroad barred from spraying weed killers

(The Associated Press circulated the following on July 13, 2010.) ANCHORAGE, Alaska -- A judge on Monday extended an order preventing the Alaska Railroad from spraying weed killers on a section of track until Alaska's high court can review the state-issued permit....

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Union Pacific note exchange ends

(The Associated Press circulated the following on July 12, 2010.) OMAHA, Neb. — Union Pacific Corp. said Monday its offer to exchange cash and new notes for debt expiring in 2019 has ended. The company said holders agreed to exchange $375.9 million in old notes. It...

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VRE makes transition to new rail operator

(The Associated Press circulated the following on July 12, 2010.) ALEXANDRIA, Va. — Virginia Railway Express has a new operator. Amtrak has operated VRE trains since the system started in 1992, but Keolis Rail Services America, the U.S. subsidiary of a French company,...

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2 indicted in BNSF false invoice scheme

(The Associated Press circulated the following on July 13, 2010.) ABERDEEN, Miss. — Two Smithville men face a September trial on charges they defrauded the Burlington Northern Santa Fe Railway. The Northeast Mississippi Daily Journal reports that 47-year-old Kenny...

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