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Union Pacific 2Q beats Street, sets records
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22…
CSX earnings rise, operating ratio falls
CSX Corp. late Tuesday announced second-quarter net earnings of $512 million, or $0.49 per share, versus $506 million, or 46 cents per share, in the same period last year—a 7%…
Intermodal powers KCS to record quarter
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
New railcar marketplace still HOT!
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
GE expands New York battery factory
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
Transport bill maps course for two years
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Greenbrier reports record quarterly revenue
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
Grant aids Port of Corpus Christi rail project
The Port of Corpus Christi Authority (POCCA) has received a $10 million federal grant toward its Nueces River Rail Yard Expansion project. The grant comes from the Transportation Investment Generating…
Blaine Emerson Capehart, 104
Blaine Emerson Capehart, a key member of Capehart Scatchard, died June 23 at age 104.
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