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Core pricing gains helped Union Pacific achieve 9% earnings per share growth in the first quarter of 2015, but EPS would have been stronger had a sharp drop in volume not occurred. One effect: The 2015 capital program has been cut by $100 million, to ...
As part of Norfolk Southern’s ongoing program of executive development and in support of its efforts to reduce its environmental footprint and expand its market opportunities, Bruno Maestri and Robert E. Martínez will assume additional responsibilities, following the retirement of Vice Presi ...
An 18% increase in sales combined with a 19% increase in earnings per diluted share compared to a year ago produced a record first-quarter 2015 for Wilmerding, Pa.-based Wabtec Corp.
Senators Charles Schumer (D-N.Y.) and Richard Blumenthal (D-Conn.) (collectively called “Schumenthal” by some critics—Editor) have introduced their version of a Positive Train Control (PTC) extension bill that joins a similar effort introduced by Sen. Roy Blunt (R-Mo.).
Canada’s Ontario Province will be covering the entire cost of a 14.2-mile, $1.6 billion light rail line connecting the Port Credit (Mississauga) and Brampton GO Transit regional/commuter rail stations, Transportation ‎Minister Steven Del Duca confirmed on April 21, 2015.
A 1% decrease in overall revenue combined with a 1% increase in carload volume compared to the prior-year period produced relatively flat first-quarter 2015 financial results for Kansas City Southern’s combined N ...
Building upon the momentum established when E. Hunter Harrison, Railway Age’s2015 Railroader of the Year, was appointed CEO, Canadian Pacific Railway posted the lowest first-quarter operating ratio in the company’s history and the ...
Two Class I railroad presidents, BNSF’s Carl Ice and Norfolk Southern’s James Squires, will keynote the May 27 and May 28 sessions, respectively, of the North American Rail Shippers (NARS) 2015 annual meeting at the Drake Hotel, Chicago ...
Red River Valley & Western Railroad (RRVW) has named Nate Asplund to succeed Andy Thompson as President and CEO, effective May 1, 2015. Asplund most recently served as Assistant Vice President, Mexico for BNSF Railway, where he led a U.S. a ...
The Federal Railroad Administration (FRA) and Pipeline and Hazardous Materials Safety Administration (PHMSA) on April 17, 2015 issued what they describe as “a package of targeted actions that will address some of the issues identified in recent train accidents involving crude oil and ethanol ...
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