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CP sets record 2Q earnings, operating ratio
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
Norfolk Southern 2Q net income declines
Norfolk Southern Corp. said its second-quarter net income of $465 million in the second quarter was 11% lower than the $524 million notched in the second quarter of 2012.
CN 2Q earnings up from a year ago
Canadian National reported second-quarter earnings of C$717 million (US$694 million), or C$1.69 (US$1.64) per diluted share, up from net income in the comparable 2012 quarter of C$631 million, or C$1.44…
June employment up over year ago, prior month
Figures released Monday, July 22, 2013, by the Surface Transportation Board show Class I railroads employed 164,499 people in mid-June, up 0.80% from June 2012, and up 220 people, or…
KCS 2Q earnings, adjusted, beat Street
Kansas City Southern reported second-quarter earnings of $15.4 million, or 14 cents a share, Friday, July 19, 2013.
UP sports robust 2Q earnings
Union Pacific recorted second-quarter earnings of $2.37 per share, or $1.1 billion, up from $2.10 a share, or $1 billion, in the second quarter of 2012, the Omaha-based Class I…
For U.S., usual freight mix in latest week
Following two weeks of digression from a repeating pattern, U.S. freight traffic resumed its standard mix – freight carload traffic down, intermodal volume up – in the latest week ending…
NS completes Mon Line upgrade
Norfolk Southern has completed $22.6 million in track, bridge, and signal improvements along its 85-mile “Mon Line,” a major coal route through Pennsylvania’s Monongahela Valley.
CSX 2Q earnings beat Street
CSX late Tuesday, July 16, 2013, reported second-quarter earnings of 52 cents per share, or $533 million, on revenue of $3.1 billion, up from earnings $512 million, or 49 cents…
Good gains for U.S. freight traffic in latest week
Both U.S. freight carload traffic and U.S. intermodal volume advanced in the week ending July 6, 2013, measured against the comparable week in 2012, the Association of American Railroads reported…
CP, K+S Potash sign deal on rail logistics
Canadian Pacific and K+S Potash signed an "exclusive long-term volume-based contract" Wednesday, July 10, 2013, for the transportation of potash products from K+S' Legacy Site, CP said Thursday.
Midyear traffic volumes: Carloads flat, intermodal up
At the midyear point of 2013 (26 out of 52 weeks in), combined North American rail volume on 13 reporting U.S., Canadian, and Mexican railroads totaled 9,650,841 carloads, down 0.4%…
Amtrak’s Sisyphean struggle to run on time
Benito Mussolini infamously made Italian passenger trains run on time, but Fascism is hardly the answer for Amtrak.
CN to serve new frac sand transloading terminal
CN announced on Wednesday, July 3 that it will start serving a new state-of-the art frac sand terminal north of Grande Prairie, Alta., starting in November 2013.
Midyear Report: Why investors turn to rail
Union Pacific’s record $3.7 billion in capital expenditures in 2012 returned quick dividends, and resulted in the 151-year-old railroad’s best year for its investors.
CSX embarks on a July 4 track blitz
CSX m/w employees on July 1 kicked off an eight-day maintenance “jamboree” or “blitz” designed to complete work that would normally take 18 weeks under traffic. The accelerated timeline is…
U.S. intermodal up, carloads even, in latest week
U.S. freight carload traffic during the week ending June 22, 2013 held its ground, "essentially flat" when measured against the comparable week in 2012, the Asssociation of American Railroads reported…
AAR to Congress: Freight rail strong and flexible—and the backbone of passenger rail
In two days of testimony before two separate U.S. House of Representatives transportation panels, Association of American Railroads President and CEO Edward R. Hamberger emphasized that “billions in annual privately…
Foxx confirmed as new DOT Secretary
The Senate unanimously confirmed former Charlotte, N.C. Mayor Anthony Foxx as the new Secretary of Transportation Thursday, June 27, 2013, succeeding Ray LaHood.
NS opens Columbia, S.C. transfer terminal
Norfolk Southern said Wednesday, June 26 it has opened a new Thoroughbred Bulk Transfer terminal in Columbia, S.C.
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