news

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  • News

CP first-quarter earnings fall

Lower freight volume depressed Canadian Pacific’s first-quarter net earnings of C$62.5 million (US$51 million), or 39 Canadian cents per share, falling short of Wall Street analyst expectations of 48 Canadian cents per

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CN first-quarter net income rises, beats Street

Canadian National late Monday reported its first-quarter results, with net income of C$424 million, or 90 Canadian cents per diluted share, compared with C$311 million, or 64 Canadian cents per diluted share,

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STB OKs short line spur to Indiana coal mine

Short line Indiana Rail Road has been granted approval by the Surface Transportation Board to begin construction on a five-mail rail extension to serve Bear Run coal mine, located in Indiana’s Sullivan

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STB schedules hearing on rail costing

The Uniform Railroad Costing System (URCS) used by the Surface Transportation Board to determine a railroad’s variable costs is coming under new scrutiny. URCS calculates system-average variablecosts for each Class I railroad each year. The

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High speed trains overtake planes and autos in survey

A new study commissioned by HNTB, a Kansas City, Mo.-based infrastructure design and engineering firm, has found that given comparable fares and travel time, 54% of Americans would choose modern high speed trains over automobile

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California HSR project gets interim cash

California’s high speed rail project has received an infusion of $29 million to keep the $44 billion project moving, at least until midyear. Short-term borrowing by the state treasurer’s office Monday will

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Florida HSR leader quits, protesting state’s inertia

One of Florida’s leading high speed rail proponents has resigned from the Florida High Speed Rail Authority, citing state indifference to federal HSR funds now available. C.C. “Doc” Dockery (pictured) has submitted