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Kansas City Southern Thursday reported fourth-quarter net earnings of $52 million, or $0.50 per diluted share, compared to $32 million, or $0.34 per diluted share, in fourth quarter 2009. Excluding debt retirement costs related to refinancing activity in the fourth quarter 2010, adjusted diluted ...
Kevin M. Sheys has joined the Infrastructure Practice Group at Nossaman LLP as a partner. Sheys is based in the firm’s Washington, D.C. office and represents clients nationally. His practice is focused on railroad transportation. ...
After more than 38 years of service, Gary VanDeluyster, a well-known and highly respected member of the railroad maintenance-of-way community, has retired from Nordco Inc. VanDeluyster started as a draftsman in the engineering department of what was then Nordberg in N ...
26 January 2011

NJ governor: We

New Jersey Gov. Chris Christie has repeated his pledge not to repay the federal government $271 million, which the federal says is owed it despite the cancellation of Access to the Region’s Core, a rail tunnel designed for additional NJ Transit rail traffic to reach Midtown Manhattan. The mone ...
--> CSX Corp. announced that it plans to invest $2 billion in capital improvements in 2011, 11% more than the $1.8 billion it spent in 2010. ...
Ansaldo STS says it has been awarded two separate contracts for U.S.-based cab signaling projects, totaling approximately $18 million. One contract with Bombardier Transportation involves supplying cab signaling for 100 railcars; a second, with Kawasaki Railcar, Inc., will have Ansaldo STS supply ...
26 January 2011

Groups laud Obama

“The National Association of Railroad Passengers (NARP) pledges to support the President’s visionary plan for high speed rail” said Ross Capon, president of NARP. “And we are asking the President—along with the rest of the nation’s leaders and transportation officials—to work toward expanding the existing intercity passenger rail network to give 100% of Americans access to reliable, modern train service.”

The White House press office said the administration will release more details on his desires for high speed rail, transit, and Amtrak improvements when he delivers his fiscal year 2012 budget request to Congress in early February.

 

--> Varied interests supportive of high speed rail, and indeed other forms of passenger rail transit, on Wednesday rushed to offer support for President Obama’s advocacy of improving transportation infrastructure as outlined in his State of the Union address. Among other points, the P ...
Canadian National Tuesday reported its fourth-quarter net income of C$503 million, or C$1.08 per share, compared with C$582 million, or C$1.23 per share, in the fourth quarter of 2009. The results fell one Canadian cent shy of Wall Street analyst estimates of $1.09 per share. Revenue ros ...
Canadian Pacific Railway early Wednesday said its fourth-quarter profit jumped 27%, with net income of C$186 million, or C$1.09 a share, up from C$146 million or 87 Canadian cents a share, in the fourth quarter of 2009. That beat Wall Street analyst consensus estimates of C$1.08 per share. Revenue r ...
Norfolk Southern Corp. late Tuesday reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31% higher than the $307 million, or 82 cents per diluted share, the company garnered in the fourth quarter of 2009. Fourth-quarter 2010 results benefited from a $34 million, o ...
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