Latest News Continued
Monday, 23 April 2012
23 April 2012

CP: Pershing Square has “no plan and no ideas”

Following Canadian Pacific’s favorable first-quarter 2012 earnings report last week, Pershing Square Capital Management stepped up its attack on CP President and CEO Fred Green (pictured) and his management team with a strongly worded letter to shareholders that some industry observers are call ...
Monday, 23 April 2012
23 April 2012

DOT seeking 100% “American” passenger cars

The U.S. Department of Transportation has issued a $551 million Request for Proposals (RFP) for 130 new “standardized” bilevel passenger railcars for use on Amtrak’s intercity routes in California, Illinois, Michigan, Indiana, Missouri, and potentially Iowa.

Monday, 23 April 2012
23 April 2012

MBTA: On-board electronic ticketing

Massachusetts Bay Transportation Authority and Masabi US Ltd. said in a joint announcement April 23 that they will they will bring mobile ticketing to MBTA commuter rail riders this fall.

Monday, 23 April 2012
23 April 2012

Rail employment rises across-the-board

U.S. Class I railroads employed 160,523 workers in mid-March, up 3% from March 2011 and 0.81% from February 2012.

Friday, 20 April 2012
20 April 2012

GE Transportation reports strong revenue gain

Erie, Pa.-based GE Transportation Friday reported a "segment profit" of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3 billion rose 41% measured against the first quarter of last year.

Friday, 20 April 2012
20 April 2012

Amtrak, All Aboard Florida: We can co-exist

Far from being threatened by Florida East Coast Railway's All Aboard Florida passenger rail proposal, Amtrak has signaled that the service would be welcomed, and even offer symbiotic benefits to the national rail passenger carrier.

Friday, 20 April 2012
20 April 2012

CP trumpets 1Q earnings ahead of proxy battle

Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly as well, at 82 Canadian cents per share for the first quarter, up 62 Canadian cents or 310% from a ye ...
Thursday, 19 April 2012
19 April 2012

U.S. carload freight down again, intermodal up

U.S. freight carload traffic for the week ending April 14, 2012 continued to fall short of 2011 levels, down 6.4% measured against the comparable week last year, the Association of American Railroads reported Thursday.

Thursday, 19 April 2012
19 April 2012

UP 1Q profit up 35%

Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in the first quarter of 2011, and handily beating Wall Street expectations of $1.64 per share.

Thursday, 19 April 2012
19 April 2012

CN weighs acquiring Ontario Northern

CN Wednesday gave indications that it might be interested in purchasing Ontario Northern Railroad operations in whole or part.

546
Page 546 of 902

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email