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Rail Industry News

Strong volumes lift KCS Q1 2018 profit

(Source: Reuters, April 20, 2018) NEW YORK — Kansas City Southern, a regional U.S. railroad with large operations in Mexico, reported a higher net quarterly profit on Friday, driven by higher volumes of petroleum, consumer goods, cars, and chemicals. Full story:...

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House Dems grill somnolent STB

(Source: Railway Age, April 18, 2018) NEW YORK — Were there any doubt that the Surface Transportation Board (STB) has been on siesta since the departure of former Chairman Dan Elliott in September, a House Rail Subcommittee oversight hearing April 17 confirmed the...

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KCS reports Q1 2018 results

(Source: Kansas City Southern press release (PDF), April 20, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record first quarter 2018 revenues of $639 million, an increase of 5% from first quarter 2017. Overall, carload volumes increased 1% compared to...

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UP crash takes out more than a dozen train cars

(Source: Ward County Daily, April 18, 2018) MONAHANS, Texas — An investigation is continuing into a train vs. train collision at the railroad crossing of Eva and Sealy Avenue in Monahans. Two Union Pacific employees were taken to the hospital. The injuries are not...

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CP Rail reports 1Q 2018 results

(Source: Canadian Pacific Railway press release, April 18, 2018) CALGARY — Canadian Pacific Railway Limited today announced first-quarter reported diluted earnings per share (EPS) of $2.41, or $2.70 on an adjusted diluted EPS basis. "This was a challenging quarter, as...

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