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FRA notes rail safety improvement
The Federal Railroad Administration's preliminary accident/incident report for the first 11 months of 2012 shows continued safety improvement in nearly every category.
CN, CP end litigation over Hunter Harrison
CN announced Monday that it had settled its differences with CP and its former CEO Hunter Harrison over Harrison's joining CP as CEO. The announcement came as CN Executive Vice-President…
More mixed U.S. freight traffic, AAR reports
U.S. intermodal volume continues to shine as 2013 establishes itself, up 1.6% for the week ending Jan. 26, 2013, measured against the comparable week in 2012, according to the Association…
LaHood to step down in February
Transportation Secretary Ray LaHood, says he will leave the Obama administration in February, ending months of speculation over the possibility of continuing in his role during the administration’s second term.
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
UP employees achieve new safety record
Union Pacific's 2012 employee safety performance was the best in the company's 150-year history—a 1.01 reportable injury rate, surpassing the former record of 1.15 achieved in 2011. From 2002 to 2012, employees improved…
NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
U.S. freight traffic stays mixed in latest week
U.S. freight carload traffic for the week ending Jan. 19, 2013 was down 3.5% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal…
CSX 4Q earnings dip; full-year earnings advance
CSX Corp. Tuesday afternoon reported fourth-quarter 2012 net earnings of $443 million, or 43 cents per share, compared with $457 million, or 43 cents per share, in the comparable 2011…
NS 4Q and full-year results slip
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of…
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