Latest News Continued

Union Pacific Railroad employees achieved a record low 1.15 reportable injury rate in 2011, the best performance on record in the company's 150-year history, according to a UP announcement Tuesday.

Kansas City Southern President and Chief Executive Officer David L. Starling, Railway Age's 2012 Railroader of the Y ...

Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net income was $1.9 billion, up 28%; and diluted earnings per share increased 36% to $5.45.

Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted earnings of C$1.30 handily surpassed Wall Street consensus estimates of C$1.24. Revenue rose 12% C$2.38 billion, a record, ...
The bistate, trans-Hudson PATH rail system rolled to a record ridership 76.6 million trips in 2011, an achievement that the Port Authority of New York & New Jersey notes followed the investment of more than $1 billion in PATH during the past four years for new cars, station upgrades, and a ne ...

CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of about $3.0 billion and operating income of $841 million. CSX also notched an operating ratio of 71.5%.

New York MTA’s two regional railroads, Metro-North Railroad and the Long Island Rail Road, on Monday presented a formal “Pledge to Customers” during the MTA Railroad Committee meeting, with both entities promising, in writing, to provide safe and reliable service.

The Bechtel-led consortium building the Dulles Corridor Metrorail project for Metropolitan Washington Airports Authority has completed the tunnel that will carry the future rail line under a portion of Tysons Corner, Va.

CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer, effective immediately.

Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million, up 11% from $135 million a year ago.

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