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Canadian Pacific Railway reported third-quarter adjusted diluted earnings per share of $2.90, up 6%, on revenue that was 3% higher at $1.6 billion.
The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to…
Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential…
Kansas City Southern has formed a new Health, Safety and Environmental group within the Operations department “to consolidate occupational health, workplace and public safety, and environmental functions under a single…
L&W Industries, based in Springfield, Mo., has developed a patent-pending Heavy Duty Conversion Bracket that improves safety and reduces the maintenance costs of railway crossings.
October 17, 2017

CSX profit up 1% in 3Q

CSX Corp. on Oct. 17 reported third-quarter 2017 net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same…
Replacement of  Portal Bridge, a two-track 110-year-old swing span structure linking New Jersey and New York City on the Northeast Corridor, is under way. A recent groundbreaking ceremony marked the…
The Port of Savannah moved more than one million twenty-foot equivalent container units (TEUs) at Garden City Terminal in the first quarter of fiscal 2018, as traffic increased by 5.8%…
WMATA Metrorail extensions, capacity and service enhancements for Virginia Railway Express (VRE) and new light rail transit (LRT) are among the numerous projects proposed by the Northern Virginia Transportation Authority…
Airline industry marketing veteran J. Timothy “Tim” Griffin joined Amtrak on Oct. 16 as Executive Vice President and Chief Marketing Officer, responsible for Marketing, Passenger Experience, Northeast Corridor Business Development,…
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