Canadian Pacific yesterday reported second-quarter net income soared 46 percent to CA$480 million, or CA$3.27 per diluted share, and revenue increased 13 percent to CA$1.64 billion compared with the same quarter last year.
The Class I's record-setting second-quarter earnings were driven in part by increased shipments of grain, coal, potash, energy products and metals.
Union Pacific Railroad reported second-quarter net income jumped 19 percent to nearly $1.2 billion, or a Q2 record of $1.45 per share, from $979 million, or $1.17 per share, in the same quarter last year.
Total operating revenue for the quarter climbed 10 percent to $5.25 billion from $4.77 billion, while freight revenue increased 11 percent to $4.9 billion from $4.4 billion a year ago, the Class I announced today in a press release.
Union Pacific Railroad reported second-quarter net income jumped 19 percent to nearly $1.2 billion, or a Q2 record of $1.45 per share, from $979 million, or $1.17 per share, in the same quarter last year.
Total operating revenue for the quarter climbed 10 percent to $5.25 billion from $4.77 billion, while freight revenue increased 11 percent to $4.9 billion from $4.4 billion a year ago, the Class I announced today in a press release.
Job description: Adams began his railroad career when he joined CSX in 2007. In his current position, he’s responsible for TRANSFLO (the railroad’s bulk transloading terminal network), international sales, short-line and service startup, Voice of the Customer programs, the Leadership Development Program, and the customer relationship management process (CRM) analytics tools.
Education: Jacksonville University, B.S. in marketing, finance; Denver University, M.S. in intermodal transportation; post-graduate studies at Harvard University, University of Virginia
The Maryland Transit Administration (MTA) next week will partially shut down its light-rail system to perform critical maintenance work.
The agency will close a section of the system between the North Avenue and Camden Yards stations in both directions. Light-rail service to Baltimore's Penn Station also will be halted.
The Delaware Department of Transportation (DelDOT) on Monday held a groundbreaking ceremony for improvements to a train station in Newark, Delaware.
The renovated facility will feature a high-level platform that complies with the Americans with Disabilities Act, along with expanded parking and improved passenger amenities, DelDOT officials said in a press release.
Metra next month will close the ticket office at its Stone Avenue Station in LaGrange, Illinois, due to declining on-site sales.
BNSF Railway Co. will stop providing a ticket agent at the office at the close of business on Aug. 4.
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The Executive Committee of the Transportation Trades Department, AFL-CIO, (TTD) yesterday elected Larry Willis president and Gary Regan secretary-treasurer.
Willis succeeds Edward Wytkind, who stepped down from the post after more than two decades of service. During his tenure, Wytkind increased the number of member unions to 32 from 18, TTD officials said in a press release.
The Federal Railroad Administration (FRA) earlier this week presented to Congress a final report on restoring Amtrak service along the U.S. Gulf Coast.
Prepared by the Gulf Coast Working Group, the report estimates that the capital costs for restoring the service would be $118 million.
James R. Push, James LeVan and Dean Smith have joined Quandel Consultants. The company says it's added the three veteran engineers to its team this spring in order to "further enhance the firm's expertise and client offerings."
"We are very pleased to welcome Mr. Push, Mr. LeVan and Mr. Smith to our team," said Quandel Consultants CEO Charlie Quandel. "Their combined 68 years of experience and their status as professionally licensed engineers will enable us to pursue new clients and move our firm forward. The entire office benefits greatly from their unique expertise, as well."
James R. Push, James LeVan and Dean Smith have joined Quandel Consultants. The company says it's added the three veteran engineers to its team this spring in order to "further enhance the firm's expertise and client offerings."
"We are very pleased to welcome Mr. Push, Mr. LeVan and Mr. Smith to our team," said Quandel Consultants CEO Charlie Quandel. "Their combined 68 years of experience and their status as professionally licensed engineers will enable us to pursue new clients and move our firm forward. The entire office benefits greatly from their unique expertise, as well."
James R. Push, James LeVan and Dean Smith have joined Quandel Consultants. The company says it's added the three veteran engineers to its team this spring in order to "further enhance the firm's expertise and client offerings."
"We are very pleased to welcome Mr. Push, Mr. LeVan and Mr. Smith to our team," said Quandel Consultants CEO Charlie Quandel. "Their combined 68 years of experience and their status as professionally licensed engineers will enable us to pursue new clients and move our firm forward. The entire office benefits greatly from their unique expertise, as well."
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 15, 2017.
Norfolk Southern Corp. will consolidate its Central Division headquarters operation in Knoxville, Tennessee, into three surrounding divisions by early November, the Class I announced yesterday.
The consolidation will reduce the number of NS' operating divisions to nine from 10. Dispatching responsibilities now handled from the Central Division, which includes track primarily in Tennessee and Kentucky, will be divided among operating divisions headquartered in Birmingham, Alabama; Decatur, Illinois; and Fort Wayne, Indiana, NS officials said in a press release.
Norfolk Southern Corp. will consolidate its Central Division headquarters operation in Knoxville, Tennessee, into three surrounding divisions by early November, the Class I announced yesterday.
The consolidation will reduce the number of NS' operating divisions to nine from 10. Dispatching responsibilities now handled from the Central Division, which includes track primarily in Tennessee and Kentucky, will be divided among operating divisions headquartered in Birmingham, Alabama; Decatur, Illinois; and Fort Wayne, Indiana, NS officials said in a press release.
CSX Corp. reported second-quarter net earnings rose 15 percent to $510 million from $445 million during the same period last year, as the Class I continued its restructuring under President and Chief Executive Officer E. Hunter Harrison.
Q2 earnings per share increased to 55 cents for the quarter from 47 cents a year ago. Without a $122 million restructuring charge taken during the quarter, the Class I's adjusted earnings per share was 64 cents, CSX officials said in a press release.
CSX Corp. reported second-quarter net earnings rose 15 percent to $510 million from $445 million during the same period last year, as the Class I continued its restructuring under President and Chief Executive Officer E. Hunter Harrison.
Q2 earnings per share increased to 55 cents for the quarter from 47 cents a year ago. Without a $122 million restructuring charge taken during the quarter, the Class I's adjusted earnings per share was 64 cents, CSX officials said in a press release.
A report submitted to Congress on July 17 says restored Gulf Coast Amtrak service would expand travel markets; improve access to jobs, education and healthcare; reduce vehicular congestion and provide support for disaster and emergency response during coastal storm events.
A report submitted to Congress on July 17 says restored Gulf Coast Amtrak service would expand travel markets; improve access to jobs, education and healthcare; reduce vehicular congestion and provide support for disaster and emergency response during coastal storm events.