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CP trumpets 1Q earnings ahead of proxy battle
Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly…
U.S. carload freight down again, intermodal up
U.S. freight carload traffic for the week ending April 14, 2012 continued to fall short of 2011 levels, down 6.4% measured against the comparable week last year, the Association of…
UP 1Q profit up 35%
Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in…
CN weighs acquiring Ontario Northern
CN Wednesday gave indications that it might be interested in purchasing Ontario Northern Railroad operations in whole or part.
CSX 1Q beats Street
Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus…
Norfolk Southern honored for carbon reduction
The American Carbon Registry has presented Norfolk Southern its Corporate Excellence award for "making a public commitment to reducing CO2 emissions 10% below 2009 levels by 2014 and for reaching nearly 40%t…
NS plans yard expansion in Ohio
Norfolk Southern announced that it will begin a $160 million expansion of its Bellevue rail yard in northern Ohio this month, doubling the yard's capacity.
Regan Smith, Furniture Row/CSX Play it Safe Chevrolet notch top-20 at Martinsville
Regan Smith, driving the no. 78 Furniture Row/CSX Play it Safe Chevrolet, rebounded to a 16th-place finish in the Goody's Fast Relief 500 Sprint Cup race at Martinsville Speedway on…
CSX, Furniture Row Racing, and Regan Smith “Play it Safe” at Daytona 500
The rain-delayed 2012 Daytona 500 on Feb. 27, the season-opening event in the NASCAR Sprint Cup Series, marked a milestone for CSX Transportation, the first Class I railroad to sponsor…
Smith, Furniture Row Racing, CSX finish mid-pack at Bristol
Regan Smith brought his No. 78 Furniture Row Racing/CSX Play it Safe Chevrolet home in 24th place, four laps down, in the Food City 500 at Bristol (Tenn.) Motor Speedway…
CSX, NASCAR’s Regan Smith and Furniture Row Racing “Play it Safe”
CSX Transportation has partnered with Furniture Row Racing and the No. 78 Chevrolet Impala driven by Regan Smith in NASCAR's top-tier Sprint Cup Series as an associate sponsor for the…
BNSF’s Carl Ice to keynote RSI/CMA 2012 meeting
BNSF President and Chief Operating Officer Carl Ice will deliver the keynote speech Sept. 24 to the Opening General Session of the Railway Supply Institute's RSI/CMA 2012 Conference and Trade…
CP earns key analyst upgrade
In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.
STB: Michigan files to acquire NS line
The Surface Transportation Board says Michigan's Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.
NS, MichDOT, Amtrak resolve slow-order spat
Michigan's Department of Transportation, Norfolk Southern Corp., and Amtrak reportedly have reached agreement on work designed to remove or reduce slow orders NS imposed last month on right-of-way between Kalamazoo,…
UP cites safest hazmat shippers
Union Pacific has named 74 companies as annual Pinnacle Award recipients for chemical transportation safety.
NS “Train Your Brain” safety campaign hits Alabama
Now in its sixth year, Norfolk Southern’s “Train Your Brain” public safety program has reminded more than half a million people “to be smart and alert around highway-rail grade crossings…
Canadian Pacific proxy battle heats up
The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the…
UP receives Toyota Logistics Services award
Toyota Logistics Services recognized Union Pacific Railroad as the top rail transportation provider with its 2011 President's Award. UP received the award for its high level of overall logistics excellence…
TRANSCAER awards honor Class I’s, short line
TRANSCAER® (Transportation Community Awareness and Emergency Response) has honored several Class I railroads, and one short line, with the organization's 2011 National Awards.
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