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CP touts “best ever” first quarter
Canadian Pacific early Wednesday reported first-quarter net income of C$217 million, or C$1.24 per diluted share, up sharply from C$142 million, or 82 Canadian cents per share, in the first…
NS 1Q earnings rise
Norfolk Southern Corp. Tuesday afternoon reported a first-quarter 2013 net profit of $450 million, or $1.41 a share, up from $410 million, or $1.23 a share, in the first quarter of…
CN 1Q earnings slip but beat Street
CN Monday reported first-quarter net income of C$555 million, or C$1.30 per diluted share, down from net income of C$775 million, or C$1.75 per diluted share, in the first-quarter of…
KCS sets record 1Q revenue; earnings beat Street
Kansas City Southern early Friday reported first-quarter revenue of $553 million, up 1% from the comparable quarter in 2012 and a record. Net income was $94 million, or 94 cents…
UP 1Q earnings beat Street
Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first…
CSX touts record 1Q earnings
CSX Corp. late Tuesday said it notched earnings of $459 million, or 45 cents per share, in the first quarter, up from $449 million, or 43 cents per share, in…
KCS sees stronger traffic in 2013 and beyond
In the company's annual report, just released, Kansas City Southern President and Chief Executive Officer David L. Starling and Executive Chairman Michael R. Haverty say they view 2013 as a…
GWI 1Q traffic gains
Genesee & Wyoming Inc. Thursday reported results for March and first-quarter traffic, in part based on comparing its current numbers to 2012 results as if its acquisition of RailAmerica were…
Greenbrier Cos. 2Q earnings fall, but beat Street
Lake Oswego, Ore.-based The Greenbrier Cos. Thursday reported net earnings of $13.8 million, or 45 cents per diluted share, in its second fiscal quarter ending Feb. 28, 2013. That was…
NS annual report sports upbeat tone
Norfolk Southern said Wednesday it was moving ahead in 2013 after coming off its second-best year ever for revenue, operating income, net income, and earnings per share.
Public-private venture eyed for Edmonton LRT
Canadian federal officials and the City of Edmonton Thursday announced a public-private partnership effort to expedite Edmonton's light rail transit expansion. The private component of the P3 will be chosen…
CSX’s capex strategy
From intermodal infrastructure to doublestack clearances to new locomotives, CSX continues to invest.
Timken Co. to buy Greenbrier Cos. asset package
The Greenbrier Cos. Thursday said it has reached agreement with The Timken Co. to sell "substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky."
Record 4Q, full-year earnings for ARI
St. Charles, Mo.-based American Railcar Industries late Wednesday reported record fourth-quarter earnings of $24.4 million, up from $5.1 million in the fourth quarter of 2011. Revenue for the quarter was…
Rail Group aids Trinity's 4Q, full-year results
Trinity Industries announced Wednesday that Rail Group orders for 5,620 new railcars during the fourth quarter pushed its backlog to 31,990 units valued at $3.7 billion. The Rail Group shipped 4,960 railcars…
FreightCar America logs 4Q loss
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net…
GE sub reaches MOU with Russian railway
GE Transportation, Locorail, and Yakutia Railways in Russia announced Friday a Memorandum of Understanding "to explore the possibility of forming a strategic relationship to modernize diesel electric locomotives."
Colombia eyes major new coal railroad
New Colombia Resources, Inc. announced in Coral Springs, Fla., Thursday its plans for a public-private partnership with the Agencia Nacional de Infraestructura (ANI) of Colombia to build a $359 million railroad to…
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
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