Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011. Per-share earnings, however, did beat Wall Street analyst estimates by 11 cents. Net income for full-year 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings met Wall Street consensus analyst estimates.
The American Railway Engineering and Maintenance-of-Way Association (AREMA) Educational Foundation said Tuesday it is now accepting applications for the 2013 Scholarship Program. The deadline for applications is March 8, 2013.
GE Transportation's fourth-quarter results included $252 million in earnings, or "segment profits," in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.