Rail Industry News
SEPTA conductor struck by train
(The following appeared on the Philadelphia Inquirer website on April 27, 2010.) PHILADELPHIA — A SEPTA conductor was struck and injured by a train Monday afternoon, causing disruptions on some commuter rail lines. The male conductor, who was not identified, was hit...
Ed Harris named CP Rail’s new operations chief
(The following appeared on the Financial Post website on April 27, 2010.) OTTAWA — Canadian Pacific Railway Ltd. has appointed a new operations chief, giving the job to veteran CN Rail executive Ed Harris. Mr. Harris has been working continuously in the railway...
CN bets recovery is picking up steam
(The following story by Nicolas Van Praet appeared on the Financial Post website on April 27, 2010.) MONTREAL — Canadian National Railway Co. has boosted its earnings and free cash flow forecasts for the rest of the year, convinced that North America’s factories will...
San Bernardino’s ‘Railroad Days’ celebrates an era
(The following story by Mark Landis appeared on the San Bernardino County Sun website on April 26, 2010.) SAN BERNARDINO, Calif. — On May 8 and 9, the San Bernardino Depot will host "Railroad Days," a grand celebration where visitors can relive the city's glory days...
Soy Transportation Coalition survey gives Class Is mixed reviews
(The following appeared on the Progressive Railroading website on April 26, 2010.) The nation’s Class I railroads received mixed grades from leading U.S. grain and oilseed shippers on the first Soy Transportation Coalition (STC) Rail Customer Satisfaction Index. The...
CSX modifies Worcester freight yard growth plans
(The following story by Nick Kotsopoulos appeared on the Telegram & Gazette website on April 27, 2010.) WORCESTER, Mass. — Working closely with city and state officials, CSX Corp. has come up with some modifications to its plan to more than double the size of its...
Connecticut Governor welcomes DOT Secretary LaHood as regional officials outline high-speed rail vision
(The office of Governor Rell issued the following on April 26, 2010.) HARTFORD, Conn. — Governor M. Jodi Rell, U.S. Senator Christopher J. Dodd and other members of Congress from Connecticut and Massachusetts joined state and regional transportation leaders and Amtrak...
Hartford high-speed rail plan gains traction
(The following story by Jim Kinney appeared on The Republican website on April 27, 2010.) HARTFORD, Conn. — The Connecticut River Valley could be among the first regions in the country to implement high-speed commuter rail with "All Aboard!" by 2014 or 2016. "This...
No injuries reported as NS train derails near Pittsburgh
(The following story by Mary Pickels appeared on the Pittsburgh Tribune-Review website on April 26, 2010.) PITTSBURGH, Pa. — Twenty-two cars on a Norfolk Southern freight train left the tracks early this morning along Rodebaugh Road in Hempfield. The cars were among...
BTS to track freight-rail yields as transportation indicator
(The following appeared on the Progressive Railroading website on April 26, 2010.) The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) recently expanded its portfolio of transportation indicators by adding a table on freight-rail yields....
Railroad shares mixed at the close of April 26 trading
(The Associated Press circulated the following on April 26, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.18 or .3 percent, to $57.00. Canadian National rose $.51 or .8 percent, to $63.41. Canadian Pacific fell...
Amtrak payments to freight rise 16% as on-time rate improves
(Bloomberg News circulated the following story by Angela Greiling Keane on April 26, 2010.) WASHINGTON, D.C. — Amtrak, the U.S. long-distance passenger railroad, paid freight railways 16 percent more last fiscal year to use their tracks, according to a report. Amtrak...
US railroads, customers in dispute over economic benefits of Positive Train Control
(Dow Jones Newswires circulated the following story by Josh Mitchell on April 27, 2010.) WASHINGTON, D.C. — U.S. freight railroads will send a study to the Obama administration this week asserting that the economic benefits of equipping trains with collision-avoidance...
KCS swings to 1Q profit as volume increases
(Dow Jones Newswires circulated the following on April 27, 2010.) NEW YORK — Kansas City Southern (KSU) swung to a first-quarter profit, beating analysts' estimates, as rail volume picked up. The regional railroad operator's profit dropped last year on fewer...
KCS reports 1Q revenue increase of 26%; Record operating ratio of 75.2%
(Kansas City Southern issued the following on April 27, 2010.) KANSAS CITY, Mo. — Kansas City Southern reported first quarter 2010 revenues of $436.3 million, a 26% increase compared to the corresponding 2009 period. Double digit revenue improvements were experienced...
Canadian National boosts 2010 guidance on strong 1Q
(Dow Jones Newswires circulated the following story by Caroline Van Hasselt on April 27, 2010.) TORONTO — Given the pace of the North American economic recovery, Canadian National Railway Co. (CNI) lifted its 2010 earnings outlook after reporting a 21% increase in its...
CN reports Q1-2010 net income of C$511 million, or C$1.08 per diluted share
(CN issued the following on April 26, 2010.) MONTREAL — CN (TSX: CNR)(NYSE: CNI) today reported its financial and operating results for the first quarter ended March 31, 2010. First-quarter 2010 highlights • Net income increased 21 per cent from the year-earlier...
BLET member among new shareholders to swell ranks of Buffett devotees
(The following story by Steve Jordon appeared on the Omaha World-Herald website on April 26, 2010. Dan Kusek is a member of BLET Division 622 in Alliance, Neb.) OMAHA, Neb. — Dan Kusek drove a coal train owned by Warren Buffett one day last week from Ravenna to his...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 26 — 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....
Cheers! Connecticut says Metro-North ‘bar cars’ not ending
(The Associated Press circulated the following on April 25, 2010.) STAMFORD, Conn. — A group representing Connecticut commuter rail passengers says it's been assured that it's not last call for bar cars on Metro-North Railroad's New Haven line. Jim Cameron, chairman...
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