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CN toughs out a challenging first quarter
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite…
For CP, a record first-quarter 2014
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison…
For Union Pacific, a strong first quarter
Union Pacific on April 17, 2014 reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in first-quarter…
KCS: Record revenue, good earnings in 1Q
Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share,…
CSX 1Q earnings slip, but beat Street
CSX Corp. announced late Tuesday, April 15, 2014 first-quarter net earnings of $398 million, or 40 cents per share, down from $462 million, or 45 cents per share, in the…
KCS to stockholders: Be prepared
Legislation introduced in late 2013 in Mexico’s House of Deputies to amend certain provisions in the Mexican Regulatory Railroad Service Law could have “a material adverse effect” on Kansas City…
STB: BNSF, KCS, UP mediation "mandatory"
The Surface Transportation Board is directing BNSF Railway, Kansas City Southern Railway, and Union Pacific to "Engage in mandatory mediation to resolve" the issue of trackage rights over nine miles…
Westport delivers first LNG tender to EMD
Vancouver, British Columbia-based Westport Innovations, has delivered the first of four liquefied natural gas (LNG) tenders ordered by Canadian National (CN) to Electro-Motive Diesel (EMD, which is developing a pilot…
Intermodal leads weekly traffic gains
The Association of American Railroads (AAR) on April 10, 2014 reported increased U.S. rail traffic for the week ending April 5, 2014 with 296,039 total U.S. carloads, up 5.4% compared…
AAR responds to service questions raised at STB hearing
Following an April 10, 2014 Surface Transportation Board hearing on railroad service issues, the Association of American Railroads issued a statement in response to questions that have been raised.
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