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UP 2Q results beat the Street
Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the…
DOT issues open-ended NPRM on CBR, other flammable fuels
The U.S. Department of Transportation on Wednesday, July 23, 2014, issued a long-anticipated Notice of Proposed Rulemaking (NPRM) involving a new, stricter set of rules for crude-by-rail (CBR) train movements…
Norfolk Southern notches record second quarter
Norfolk Southern Corp. early Wednesday, July 23, 2014 reported "record net income" of $462 million, or diluted earnings per share of $1.79, in the second quarter. Those marks were 21%…
Thompson to SMART reps: “You have hit a grand slam”
In a July 20, 2014 letter to SMART-Transportation Division International Representative John W. Babler and General Chairperson Randall S. Knutson, former United Transportation Union International President Paul C. Thompson expresses…
CN 2Q earnings show strength
Rebounding from a first quarter hampered by what its CEO called the "winter of a lifetime," CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789…
Class I employment rises in June
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-June 2014 rose 1.02%, to 166,139, from June 2013, and also gained modestly previous month,…
Wildfires damage Northwest rail lines
A series of wildfires in central and eastern Washington state, some blazing for nearly a week, have devastated entire communities and left several sections of railway damaged.
CAGTC endorses Build America Investment Initiative
The Coalition for America’s Gateways and Trade Corridors (CAGTC), a freight transportation advocacy group, has endorsed the Obama Administration’s Build America Investment Initiative, which consists of plans to move infrastructure…
KCS reports strong 2Q results
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
Strong gains for North American freight traffic
Railroads in all three major North American nations scored solid gains in freight rail traffic during the week ending July 12, 2014, the Association of American Railroads reported Thursday, July…
BNSF, SMART seek historic crew consist revision
A gutsy, proactive, and far-sighted collaboration between BNSF and a general committee of its largest labor union has produced a tentative agreement to allow freight trains equipped with Positive Train…
CP touts “strongest financial results” in 2Q
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up…
NS releases latest sustainability report
Norfolk Southern Corp. released its latest "Connections" sustainability report Wednesday, July 16, 2014, detailing its ongoing efforts to contribute to a cleaner environment, a healthier economy, and stronger communities.
Record 2Q earnings, revenue, for CSX
CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up…
AAR Associate Membership grows by five
Five companies joined the Association of American Railroads as Associate Members in June 2014.
Survey: Shippers expect business to grow
The average growth rate by which shippers anticipate their businesses to grow has increased, the pricing and employment outlook remains solid, and ongoing rail traffic strength has been aided only…
CSX completes five-state Maintenance Jamboree
CSX has performed annual Maintenance Jamborees since 1999, when a machine operator coined the term “Jamboree” to describe the mass gathering of maintenance-of-way crews and equipment in one area. The…
Richard W. Sprague, 1929-2014
Richard Wilder Sprague, 85, retired senior vice president, Bangor & Aroostook Railroad, died July 5, 2014, at Malvern, Pa.
For U.S. freight traffic, gains keep accumulating
U.S. freight rail traffic continued growing in the week ending July 5, 2014, measured against the comparable week in 2013, the Association of American Railroads said Thursday, July 10, 2014.
Midyear Report: Riding a tide of prosperity
With traffic in most commodities on an upswing and capital investment at record levels, the railroads are on track for another prosperous year.
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