With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
CN Monday reported second-quarter results, saying its net income increased from the year-earlier quarter to C$538 million, with earnings per share rising 4% to C$1.18. Excluding a deferred income tax expense, adjusted diluted EPS for the second quarter of 2011 rose to C$1.26.
Revenue for the second quarter was up 8% to C$2.2 billion as carloadings increased 4% and revenue ton-miles rose 5%. Operating income increased 8% to C$874 million. CN’s operating ratio, 61.3%, was essentially in line with the operating ratio of 61.2% for second-quarter 2010. Claude Mongeau, president and chief executive officer, said: “CN delivered a solid second-quarter performance as a result of continued improvements in freight volumes and strong operational execution. CN railroaders responded quickly and effectively to a series of weather challenges including floods, forest fires, and mudslides. Their tireless efforts and dedication helped to protect the integrity of our network, the reliability of the supply chain we serve, and our service to customers.” Mongeau said that intermodal—CN’s largest revenue segment—was “a bright spot,” benefiting principally from higher import volumes over the ports of Vancouver and Prince Rupert and increased domestic retail shipments. Total intermodal volumes rose 10% and intermodal revenue increased 14%. “Intermodal was one of the first areas where we applied our new end-to-end supply chain collaboration approach,” Mongeau said. “This approach is really starting to pay off, and we hope to enjoy gains in other segments of our business where we have brought forward a similar focus on innovation and service excellence.”
“In part, that’s because China’s visions for HSR far exceed that of even existing HSR mileage now in operation. “A rail analog to the Flight Safety Foundation” might be required “if HSR is to remain a safe mode while meeting much higher volumes of global mobility, Perl said.
Effective November 1, Michel P. Melaniphy will succeed William Millar as president of the American Public Transportation Association. APTA’s Board of Directors on Wednesday unanimously approved Melaniphy’s selection. APTA says Melaniphy’s entire career has been in public transportation with 23 years of experience in the public and private sectors. Currently vice president, Public Sector, for Schaumburg, Ill.-based bus manufacturer Motor Coach Industries, Melaniphy has led public transit systems in North Carolina, Kansas, Ohio, and Texas.
Said APTA Chair Michael J. Scanlon, “Michael brings the ideal combination of tremendous energy and a proven track record in public transportation to lead the industry in these pivotal times. He not only understands—but has firsthand experience of—the critical role that public transportation plays in creating jobs and providing access to jobs necessary to move our economy forward.” “It is an honor and privilege to be named APTA president,” said Melaniphy. “I believe fervently that public transportation is key to the economic vitality of our communities and our country. I am committed to working together with industry leaders, our stakeholders and elected officials so that we make the necessary transportation investments to grow our economy and ensure that Americans have access to quality public transportation.” William Millar, APTA’s current president of 15 years, called Melaniphy an excellent choice. “I am delighted that someone with such broad-based experience as Michael Melaniphy will be following me at APTA,” he said.
An agreement between Amtrak and the North County Transit District will allow California COASTER customers to supplement monthly passes with a COASTER-Rail2Rail-UPGRADE. The upgrade opens access to Amtrak California Pacific Surfliner trains between the Oceanside Transit Center and San Diego. The upgrade is available for $80 and more than doubles the number of trains available to COASTER monthly pass holders each day. Amtrak Pacific Surfliner trains serve Oceanside, Solana Beach, and San Diego stations. “We are proud to be able to expand service options this year, and the COASTER-Rail2Rail-UPGRADE is just another example of this,” said NCTD Executive Director Matthew Tucker. “This new bonus option will allow our regular commuters the increased flexibility they’ve been seeking. With the upgrade, they have more opportunities to travel during midday, stay at the office later in the evenings or take more weekend excursions.” The COASTER’ s current (spring) schedule offers 22 weekday trains and 24 on Fridays, but the COASTER-Rail2Rail-UPGRADE will more than double that schedule to open up access to 24 more trains each weekday and 26 more on Fridays.The upgrade will also add 24 more trains to the COASTER’s typical weekend schedule of 22 trains, for a total of 46 weekend train options.
Amtrak's 350-mile Pacific Surfliner route links San Diego, Los Angeles, Santa Barbara, and San Luis Obispo in southern California.