Latest News Continued
Continuing a slow, steady rise, employment on U.S. Class I railroads reached 155,842, in mid-March, up 0.87% from February and a 4.42% improvement over March 2010. Train crew employment (transportation, train and engine) increased to 62,627, up 0.78% from February and up 7.47% from March 2010. ...

Revenue rose to $4.5 billion from $4.0 billion a year ago, with volume growth across all six of its business units for the fourth consecutive quarter.

--> Union Pacific Corp. Wednesday reported first-quarter earnings of $639 million, or $1.29 per share, up nearly 24% from $516 million, or $1.01 per share, in the first quarter of 2010. ...

The Alabama and Gulf Coast Railway operatesover 348 miles of owned and leased tracks from Pensacola, Fla., exportterminals north to Columbus, Miss., and from Mobile, Ala., north to Kimbrough,Ala.

 

--> RailAmerica, Inc. says a “a special-interest group” including the American Chemistry Council, the Chlorine Institute, and the Fertilizer Institute is seeking to halt implementation of enhanced safety measures applying to transportation of chlorine and other toxic and poisonous commodi ...
CSX Corp. has reported first-quarter earnings of $395 million, or $1.06 per share, up 30% from the comparable quarter in 2010. Revenue of $2.81 billion was up 13% from the year-ago quarter. ...
R. J. Corman Railpower says the Port of Corpus Christi Authority (POCCA) has purchased a repowered RP14BD GenSet locomotive, with delivery planned for late this summer. ...
Nashville’s Metropolitan Transit Authority is seeking residential input for improving transportation along Broadway/West End in the city’s downtown district. ...
The Sacramento Regional Transit District said Wednesday its light rail transit Green Line will open in August to revenue service, five months behind schedule. ...
New Jersey has spent more than $800,000 during the past two months in its legal battle to avoid reimbursing the U.S. Department of Transportation for funding originally intended for a trans-Hudson River rail tunnel. The tunnel project, canceled last fall by Gov. Chris Christie after proj ...
Mirroring or mimicking the earlier actions of Class I freight railroad BNSF, Amtrak Monday said it hopes to use the railfan community to help bolster the railroad’s own safety, using that base as a source of information and security. ...
American International Group late Monday announced the sale of AIG Rail Services to a division of Perella Weinberg Partners LP. Financial terms of the transaction were not disclosed. New York-based Perella Weinberg Partners is a financial services firm that provides corporate advisory ...
412
Page 412 of 656