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Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN 3Q earnings up on record revenue
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
Locomotive backlog cited in GE 3Q earnings
A strong backlog of manufactured goods orders, including locomotives and jet engines, helped drive third-quarter earnings for Fairfield, Conn.-based General Electric Co., which reported financial results Friday, Oct. 18, 2013.
Record 3Q revenue for KCS
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in…
UP 3Q earnings soar to record
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
CSX 3Q earnings up from 3Q12, beat Street
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of…
AAR adds two Silver Associate Members
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
Metrolinx taps Wabtec for Tier 4 locomotives
Wilmerding, Pa.-based Wabtec Corp. said Tuesday, Oct. 8, 2013 its MotivePower subsidiary has signed a US$63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives.
LIRR seeks to lease diesel consists
MTA Long Island Rail Road has issued a Request for Expressions of Interest (RFEI) for diesel locomotives and trailer passenger cars, in an effort to bolster service on one branch…
2014 Railroad Financial Desk Book
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
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