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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…
Talgo ponders suing Wisconsin
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
United States joins InnoTrans 2012 exhibitors
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth…
Saskatchewan announces short line grants
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
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.
GWI traffic declines in March, 1Q
Greenwich, Conn.-based Genesee & Wyoming, Inc. said Friday its March 2012 traffic volume fell 13.6% compared with the same month a year ago. As well, GWI's first-quarter traffic volume declined,…
Wabtec increases 2012 earnings guidance
Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based…
RailAmerica completes acquisition
Jacksonville, Fla.-based RailAmerica, Inc. announced that it has completed the acquisition of a 20% interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately…
Greenbrier Cos.: “Strong” fiscal 2Q results
The Greenbrier Cos. Monday reported net earnings of $17.7 million, or 57 cents per diluted share, in its fiscal second quarter ending Feb. 29, 2012, compared with a net loss…
Gaining strength, KCS initiates cash dividend
In a sign of growing financial strength, Kansas City Southern's board of directors has decided to initiate a quarterly cash dividend for holders of its common stock.
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