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NS earnings, revenue records topple
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net…
CN quarterly earnings beat Street
Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted…
CSX 4Q, full year set records; Street shrugs
CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of…
GE Transportation hails healthy 4Q
Erie, Pa.-based GE Transportation on Friday reported $1.5 billion in fourth-quarter 2011 revenue, up 43% year-over-year. Revenue for the full year 2011 was $4.9 billion, up 45% compared with fiscal…
GATX posts strong railcar results
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
UP reports record quarter and year; outlines 2012 capex
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter…
CP sets 2012 capital plan
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
EMD lockout continues into second week
A lockout at Electro-Motive Diesel Canada’s London, Ontario, plant that began on New Year’s Day is spurring cross-border labor issues between the U.S. and Canada.
GE Transportation completes RMI acquisition
Erie, Pa.-based GE Transportation said it had completed its acquisition of software provider RMI from The Carlyle Group. GE said late Tuesday the acquisition significantly expands its Software and Optimization…
Examining the financial crisis fallout
There are unanswered questions about regulatory changes and a shrinking operating lessor pool. As readers of this column already know, the rail industry has enjoyed more than 30 years of…
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