Rail Industry News
KCS posts fourth quarter 2009 operating results
(Kansas City Southern issued the following on January 28, 2010.) KANSAS CITY, Mo. — Kansas City Southern reported fourth quarter 2009 revenues of $406.8 million, a 4% decrease compared to the corresponding 2008 period. Sequentially, KCS showed continued revenue growth...
Norfolk Southern reports 2009 fourth-quarter and full-year results
(Norfolk Southern issued the following on January 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today reported fourth-quarter 2009 net income of $307 million, or $0.82 per diluted share, compared with $452 million, or $1.21 per diluted share, for...
Norfolk Southern profit falls 37 percent
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 27, 2010.) WASHINGTON, D.C. — Norfolk Southern Railway’s fourth-quarter net income fell 32 percent from a year earlier to $307 million, as revenue fell 16 percent to $2.1...
Projects in California, Florida, Illinois are the biggest winners of high-speed rail grants
(The Associated Press circulated the following story by Joan Lowy on January 28, 2010.) WASHINGTON, D.C. — High-speed rail projects in California, Florida and Illinois are among the big winners of $8 billion in grants to be announced Thursday by the White House — the...
Obama to give 13 areas $8 billion for high speed rail
(Bloomberg News circulated the following story by Angela Greiling Keane on January 27, 2010.) WASHINGTON, D.C. — California will get $2.3 billion and Florida $1.3 billion to help build high-speed passenger-train service, the biggest winners among 31 states sharing $8...
Railroad Retirement Board customer service plan update
(The U.S. Railroad Retirement Board circulated the following on January 8, 2010.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the...
Dallas Logistics Hub developers file for bankruptcy
(The following story by Sandra Baker appeared on the Fort Worth Star-Telegram website on January 26, 2010.) FORT WORTH, Texas — Developers of the 6,000-acre Dallas Logistics Hub in far south Dallas County have filed for Chapter 11 bankruptcy to reorganize their debt....
California Northern Railroad converts to green locomotives
(The following story by Mark Glover appeared on The Sacramento Bee website on January 27, 2010.) SACRAMENTO, Calif. — Historically, massive locomotives have been the antithesis of quiet, environmentally friendly machines. But the Davis-based California Northern...
Amtrak’s Tampa area ridership continues doing well
(The following story by Ted Jackovics appeared on the Tampa Tribune website on January 27, 2010.) TAMPA — Tampa International Airport handles the same number of passengers in two days that Amtrak in Tampa handles over a year, but local ridership on the single...
Editorial: Florida faces another SunRail obstable
(The following editorial appeared on the Orlando Sentinel website on January 26, 2010.) ORLANDO, Fla. — We told you last month — on Dec. 9, to be exact — that at long last, Florida was about to become a passenger-rail leader. That beginning in 2012, commuters could...
Berkshire will replace BNSF in S&P stock indexes
(The Associated Press circulated the following story by Josh Funk on January 26, 2010.) OMAHA, Neb. — Warren Buffett's Berkshire Hathaway Inc. will soon join the S&P 500 and S&P 100 stock indexes after it acquires Burlington Northern Santa Fe Corp., Standard & Poor's...
Would-be Metra killer gets 11 years for shooting at locomotive engineer
(The following appeared on the Chicago Tribune website on January 26, 2010.) CHICAGO — A man who admitted shooting at two Metra Electric line trains in 2007 after being hired by a train engineer's ex-boyfriend to kill her was sentenced Tuesday to more than 11 years in...
BNSF cuts domestic intermodal transit times
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 26, 2010.) WASHINGTON, D.C. — BNSF Railway implemented service improvements that cut scheduled trip times for 60 percent of its premium domestic intermodal traffic, saving...
Norfolk Southern declares quarterly dividend
(Norfolk Southern issued the following on January 26, 2010.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 34 cents per share on its common stock, payable on March 10, to stockholders of record on Feb. 5....
CN reports Q4-2009 net income of C$582 million, or C$1.23 per diluted share
(CN issued the following on January 26, 2010.) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights - Net income and diluted earnings per share for the final...
CN boosts dividend on hopes for a healthy 2010
(The following appeared on the Globe and Mail website on January 27, 2010.) TORONTO — Canadian National Railway Co.'s new chief executive officer is optimistic that freight traffic will climb during gradual economic growth in 2010, sparking a decision to raise...
2 Metro workers killed in latest track accident
(The Associated Press circulated the following story by Sarah Karush on January 26, 2010.) WASHINGTON, D.C. — Two veteran Metro workers were struck and killed by a maintenance truck on a track Tuesday, the latest in a string of fatalities since last year in the...
Railroad Retirement Board customer service plan update
(The U.S. Railroad Retirement Board circulated the following on January 8, 2010.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the...
Detroit’s revival hinges on efficient mass transit, PBS documentary argues
(The following story by Matt Helms appeared on the Detroit Free Press website on January 26, 2010.) DETROIT — Detroit's revival could hinge on marshaling industry heritage away from automobiles to designing and building more efficient and high-speed rail and mass...
Opinion: A heritage we could do without
(The following column by Guy Tridgell appeared on the Southtown Star website on January 26, 2010.) CHICAGO — The Heritage Corridor Line long has been Metra's red-headed stepchild. The service - you know, the actual trains - barely exists. Three trains inbound each...
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