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CN late Monday, April 23, posted strong first quarter results, prompting the railroad to revise its outlook for the year upward.
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…
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,…
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.
U.S. Class I railroads employed 160,523 workers in mid-March, up 3% from March 2011 and 0.81% from February 2012.
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…
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…
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…
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…
April 19, 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…
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