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KCS posts record third-quarter revenues
Despite record revenue for the third quarter, Kansas City Southern earnings of $90 million, or 82 cents per share, fell from $99.8 million, or 91 cents per share, in the…
CN to build new terminal for Bakken crude oil producers
CN and Tundra Energy Marketing Ltd., which handles crude oil on behalf of producers in the Williston Basin, including parent company Tundra Oil & Gas Partnership, have signed a memorandum…
AAR: Intermodal strong, carload volume weak
U.S. freight carload traffic for the week ending Oct. 13, 2012 remained unable to surmount 2011 levels, down 6.1% when measured against the comparable week one year ago, the Association…
Alfred E. Michon, 75
Alfred E. Michon, president of four regional railroads who also worked with both Burlington Northern (now BNSF) and Union Pacific, died Oct. 9 at age 75.
UP 3Q earnings mark “best ever” quarter
Union Pacific early Thursday reported third-quarter earnings of $1 billion, or $2.19 per diluted share, up from $904 million, or $1.85 per diluted share, in the comparable period in 2011…
Bombardier wins MARC operations contract
Maryland's Board of Public Works has awarded Bombardier Transportation a six-year, $204.7 million contract to operate MARC's Camden and Brunswick passenger rail lines. A five-year renewal option worth $205 million…
STB: NS and UP "revenue adequate" in 2011
The Surface Transportation Board announced Wednesday its determination that two of the five major U. S. freight railroads, Norfolk Southern and Union Pacific, were "revenue adequate" in 2011. This means that their…
NS Alabama intermodal facility opens
Norfolk Southern CEO Wick Moorman and Alabama Gov. Robert Bentley joined federal, state, and local officials and business leaders Wednesday in McCalla, Ala., to mark the opening of the Birmingham…
CP announces new senior operations team
In a move long anticipated by many rail industry observers, Canadian Pacific Wednesday announced the senior operations team who will lead the execution of the new service plans under CP…
CSX 3Q earnings slip, but EPS meets Street
CSX Corp. Tuesday reported third-quarter net earnings of $455 million, down 2% from the $464 million in the third quarter of 2011. But earnings per share were up 2% year-over-year…
Jacobs gets Washington DOT contract
Pasadena, Calif.-based Jacobs Engineering Group Inc. said Tuesday it has been awarded a contract from the Washington State Department of Transportation (WSDOT) to provide on-call engineering and operations services in…
BNSF to mark new Burlington, Iowa, bridge
BNSF Railway says it will celebrate the completion of its new railroad bridge over the Mississippi River at Burlington, Iowa, with a public ceremony and reception this Thursday, Oct. 18.
AAR’s VanderClute receives Railway Age Graham Claytor Award
Robert C. VanderClute, Senior Vice President of Safety and Operations at the Association of American Railroads, is the 2012 recipient of Railway Age’s W. Graham Claytor Jr. Award for Distinguished…
U.S. intermodal powers on in latest week
U.S. freight carload volume for the week ending Oct. 6, 2012 notched another decline, down 6.3% from the comparable week in 2011, the Association of American Railroads reported Thursday. But…
Mixed U.S. freight picture persists, AAR reports
U.S. freight carload traffic continued its sluggish performance during the week ending Sept. 29, down 5.3% compared with the same week in 2011, the Association of American Railroads said Thursday.…
AAR approval advances Kelso hazmat valve
Vancouver, British Columbia-based Kelso Technologies Inc. announced Wednesday that it has received certification from the Association of American Railroads for its new heavy-duty external pressure relief valve (EPRV) following successful tests in…
Franczak quits as CP operating chief
Canadian Pacific Monday announced the resignation of Mike Franczak, executive vice president and chief operations officer, effective immediately. CP CEO E. Hunter Harrison said a replacement would not be named immediately.
RailComm to expand BNSF Amarillo yard system
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system at BNSF's Amarillo, Tex., yard for the roundhouse engine tracks.
Train accidents again down sharply
Continuing a three-year decline, train accidents on U. S. railroads dropped 19.2% to 980 in this year's first seven months, compared with the same period last year, according to a…
STB to Berkshire Hathaway: Divest two railroads
The Surface Transportation Board has directed BNSF Railway's parent, Berkshire Hathaway, to "promptly remedy its noncompliance with railroad control requirements" stemming from its acquisition of BNSF in 2010.
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