Communications

Tax changes lift Canadian National to profit

Canadian National Railway said net income increased by 156% to C$2.61 billion ($2.12 billion) in the fourth quarter from a year ago while earnings per share soared by 164% to C$3.48 ($2.82) on changes to the U.S. corporate tax rate that saw a deferred income tax recovery of C$1.76 billion, or C$2.35 per share.

Norfolk Southern powers 4Q income

Norfolk Southern said net income for the fourth quarter totaled $3.97 million and earnings per share were $13.79, thanks to federal tax cuts that added $3.48 billion to the bottom line. For the year, net income was $5.4 billion with earnings per share of $18.61, which added $12.10 for the quarter and $12 for the year on the tax reform legislation.

Comms union, carmen ratify contract

Members of the Transportation Communications International Union (TCU) and Brotherhood Railway Carmen (BRC) have ratified new contract terms with the nation’s major freight railroads covering more than 17,000 employees.



HFI RUN THRU SWITCH

Crew Resource Management: Cure for Amtrak’s safety woes?

Amtrak has a new Executive Vice President and Chief Safety Officer, and he is a former chief safety officer at both Northwest Airlines and Delta Air Lines. The Jan. 9 appointment of Ken Hylander clearly signals that Amtrak CEO Richard Anderson—also a Northwest and Delta alumnus—has decided the passenger railroad’s safety programs need a wholesale overhaul.