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UP reports record quarter and year; outlines 2012 capex
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter…
Kansas City Southern President and CEO David L. Starling named Railway Age Railroader of the Year
David L. Starling, President and Chief Executive Officer of Kansas City Southern, has been named 2012 Railroader of the Year by railroad industry trade journal Railway Age.
December employment up 3.44% from year ago
U.S. Class I railroads employed 159,717 workers in mid-December 2011, up 3.44% from a year earlier, though off 0.25% from November due to a seasonal drop in track maintenance employees.
CP sets 2012 capital plan
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
Three more unions ratify freight railroad agreements
Members of three more unions have ratified new contracts with U.S. freight railroads, it was announced Tuesday.
At Norfolk, NS breaks coal transload mark
Norfolk Southern has loaded the largest volume cargo in the history of its Pier 6 coal transloading facility at Lamberts Point in Norfolk, Va. Early on Jan. 12, NS finished…
2012 RAILROADER OF THE YEAR: Dave Starling, making the right connections
When you talk with Kansas City Southern President and CEO David L. Starling about how KCS, the smallest Class I in mileage, has extended its reach and developed new frontiers,…
Will Hunter Harrison reemerge—at CP?
Hunter Harrison, CN’s iconic former chief executive and a Railway AgeRailroader of the Year recipient who is now retired in Florida raising show horses, has been approached to run Canadian…
Ferromex grows EMD locomotive fleet
Ferrocarril Mexicano, S.A. de C.V. (Ferromex) said Friday it took delivery last month of an additional 38 SD70Ace locomotives from Electro-Motive Diesel. Ferromex noted it had placed 44 other new…
U.S. freight traffic slips as 2012 begins
U.S. freight carload traffic fell 3.7% for the week ending Jan. 7, 2012, while U.S. intermodal volume plummeted 9.3%, both compared with the comparable week in 2011, the Association of…
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