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Rail Industry News

Railroad shares mixed at the close of March 10 trading

(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.37 or .7 percent, to $49.89. Canadian National fell $.28 or .5 percent, to $56.02. Canadian Pacific fell...

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CSX sees double-digit earnings growth this year

(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Railroad operator CSX Corp. said Wednesday that it expects double-digit growth in earnings per share for 2010 driven by higher sales and shipping volume. Speaking at the JPMorgan Aviation,...

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KCS sees first quarter sales increase 20 percent

(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Railroad operator Kansas City Southern said Wednesday it expects first-quarter sales to grow by more than 20 percent compared with the same period a year ago. In the first quarter of 2009,...

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Senate holds FAA bill over FedEx-union issue

(The following story by John D. Boyd appeared on The Journal of Commerce website on March 10, 2010.) WASHINGTON, D.C. — Tennessee’s two U.S. senators are fighting legislation that would reauthorize and fund the Federal Aviation Administration, to make sure it does not...

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Derailed CSX freight cars in Philadelphia righted

(The following story by Tom Avril appeared on the Philadelphia Inquirer website on March 10, 2010.) PHILADELPHIA — Sometimes, getting back on track requires heavy lifting. Five freight railcars that jumped the track at 23d and Race Streets near the Schuylkill needed...

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Broken rail blamed for UP derailment
 in Iowa

(The Associated Press circulated the following on March 9, 2010.) JEFFERSON, Iowa — Union Pacific says a broken rail caused 30 cars loaded with coal to derail near Jefferson in west central Iowa.
 
Spokesman Mark Davis says Tuesday that the railroad doesn't know why...

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