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Rail Industry News

NS declares quarterly dividend

(Source: Norfolk Southern press release, October 24, 2017) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 61 cents per share on its common stock, payable on Dec. 11 to stockholders of record on Nov. 3. Since its inception...

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KCS CEO: Mexico, NAFTA critical to Missouri economy

(Source: Opinion column by Kansas City Southern CEO Patrick J. Ottensmeyer, Kansas City Star, October 24, 2017) KANSAS CITY, Mo. — On Thursday, Kansas City welcomes the Mexican Ambassador to the United States, Gerónimo Gutiérrez Fernández, to our community. His visit...

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STB: Class I employment fell in September

(Source: Progressive Railroading, October 23, 2017) Class Is employed 146,673 workers in the United States as of mid-September, down 0.44 percent since mid-August's employment figure and down 3.81 percent compared with mid-September 2016's level, according to Surface...

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CN reports 3Q 2017 net income of C$958 million

(Source: Canadian Pacific Railway press release, October 24, 2017) MONTREAL — CN today reported its financial and operating results for the third quarter ended Sept. 30, 2017. Financial results highlights (third quarter 2017 compared to third quarter 2016) • Net...

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NS reports 3Q 2017 results

(Source: Norfolk Southern press release, October 25, 2017) NORFOLK, Va. — Norfolk Southern Corporation today reported third-quarter financial results. Third-quarter net income was $506 million, up 10 percent year-over-year, driven by an 11 percent increase in income...

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CSX blocks crossing for nine hours in Plymouth, Mich.

(Source: Click On Detroit, October 23, 2017) PLYMOUTH, Mich. — Railroad crossing delays in Plymouth hit a record high Monday as a road was blocked for nine hours. It's gotten so bad that the city has put up signs at railroad crossings that urge drivers to call CSX...

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New Alstom site manager praises workforce

(Source: The Chronicle-Express, October 21, 2017) HORNELL, N.Y. — Years of anticipation have been building at Hornell’s Alstom location, and on Thursday, it was go-time. Yesterday, the company received the first motor for the Avelia Liberty high-speed trains it will...

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