The Royal Canadian Mounted Police arrested two men April 22 who had been planning to bomb a Via Rail Canada passenger train. One was arrested in Toronto and one near Montreal following a lengthy counter-terrorism investigation, “Project SMOOTH,” that began in August 2012 and included the FBI.
CN Monday reported first-quarter net income of C$555 million, or C$1.30 per diluted share, down from net income of C$775 million, or C$1.75 per diluted share, in the first-quarter of 2012.
Figures released Monday by the Surface Transportation Board show Class I railroads employed 163,059 people in mid-March, up 0.66% from March 2012, and up 831 people, or 0.51% from last February.
MTA New York City Transit will reopen its Smith-Ninth Street subway stop in Brooklyn Friday morning, April 26, following almost two years of repair work and nearly one year past its initial expected reopening.
Greater Toronto & Hamilton Area's GO Transit said Friday it would offer headways of 30 minutes throughout weekdays, and add more weekend service, on its Lakeshore East and Lakeshore West routes. Current headways average every hour on both route, though rush-hour service is more fequent.
The Surface Transportation Board late Thursday said it “has jurisdiction over the California High-Speed Rail Authority's proposed construction of the California High-Speed Train System, including the approximately 65-mile section that it proposes to construct between Merced, California, and Fresno, California.”
Kansas City Southern early Friday reported first-quarter revenue of $553 million, up 1% from the comparable quarter in 2012 and a record. Net income was $94 million, or 94 cents per diluted share, up 25% compared with $75 million, or 68 cents per diluted share, in the comparable 2012 quarter, and beating Wall Street consensus estimates by three cents.
Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first quarter of 2012. The results also beat Wall Street consensus earnings estimates of $1.95 a share.
U.S. freight carload traffic fell, and U.S. intermodal volume increased during the week ending April 13, 2013, the Association of American Railroads reported Thursday, as overall U.S. traffic resumed a predominant trend.