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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.
Faster flip for fracking sand
A $20 million upgrade to the Horseheads (N.Y.) Sand & Transloading Terminal (HOST) will give Norfolk Southern trains hauling sand used in extracting natural gas from the Marcellus Shale formation…
Environmental report moves BNSF facility ahead
BNSF announced Sept. 29 that an updated Draft Environmental Impact Report (DEIR) released by the Port of Los Angeles found that a proposed BNSF Southern California International Gateway (SCIG) facility…
U.S. freight carload traffic still struggles; intermodal up
U.S. freight carload traffic declined 4.1% for the week ending Sept. 22, 2012, measured against the comparable week in 2011, the Association of American Railroads reported Thursday. U.S. intermodal volume…
CP, “The last great rail turnaround”
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E.…
CP names Redeker chief information officer
Canadian Pacific announced Friday that Michael Redeker has been appointed vice president and chief information officer, effective Oct. 15. Redeker was most recently chief information officer at ATB Financial.
August employment down from July
Class I railroad employment totaled 161,134 in August, down 0.54% from July, though maintaining an edge of 0.64% over August 2011, according to figures released Thursday by the Surface Transportation Board.
NS shares dip on earnings warning
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
Intermodal again powers U.S. freight mix
U.S. freight carload traffic for the week ending Sept. 15 lagged behind the comparable week in 2011, down 2.9%, continuing a yearlong trend, the Association of American Railroads reported Thursday.…
NS improves Carbon Disclosure Project score
Norfolk Southern Corp. said Wednesday it "has achieved its best-ever score in the S&P 500 Climate Change Report released by the Carbon Disclosure Project."
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