Regulations Could Derail Railroad Profits
TheStreet.com
By Joe Deaux 08/21/11 - 09:33 AM EDT NEW YORK (TheStreet) -- Railroad companies could be in for a headache as some major industries are partnering to threaten their record-breaking years. In January, the Surface Transportation Board -- the governmental ...
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Iowa typifies small railroad success
Financial Times
By Robert Wright, Transport Correspondent Every few miles along the Iowa Interstate Railroad's route from Council Bluffs, Iowa towards Chicago, two things mark the start of another town. On the track's northern side, there will be a grain elevator. ...
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San Pedro & Southwestern Railroad Starts Serving Central Arizona Commerce Park
PR Newswire (press release)
22, 2011 /PRNewswire/ -- San Pedro & Southwestern Railroad (SPSR www.argtrans.com) began service today to the Central Arizona Commerce Park (CAZCP) in Casa Grande, Ariz. by bringing in a boxcar of newsprint for CAZCP's first customer, ...
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Freight Railroads Furious at US & Amtrak
Courthouse News Service
By RYAN ABBOTT WASHINGTON (CN) - The Association of American Railroads sued the federal government for giving Amtrak, a private corporation with a "historically poor record of on-time performance and (a) chronic inability to generate revenue sufficient ...
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Maine Eastern Railroad receives regional recognition
Bangor Daily News
New England Travel Magazine has named Maine Eastern Railroad winner of Best of New England Travel 2011 – Attraction — Way to Beat Summer Traffic in its recent publication, “ The Best of New England Travel 2011,” according to a news release Tuesday ...
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Norfolk Southern App Keeps Smart Phone Users Up to Date on Railroad News
Sacramento Bee
Users can search for it under the following terms: Norfolk Southern, trains, locomotives, infrastructure, freight rail, commercial freight, railroad, rail safety, Thoroughbred, and One Line. A version of the app for Droid phones will be available in ...
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Genesee & Wyoming Inc. Completes Acquisition of Arizona Eastern Railway
MarketWatch (press release)
Headquartered near Miami, Arizona, AZER is composed of two rail lines operating over 200 track miles in southeast Arizona and southwest New Mexico that are connected by 52 miles of trackage rights over the Union Pacific Railroad. ...
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Union Pacific CEO Doesn't See Double-Dip Recession In US
Wall Street Journal
Union Pacific, the largest public railroad in the US by market capitalization, and other top railroads and freight haulers are often considered economic bellwethers because of the breadth of goods they ship. The US railroad company's top executive said ...
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Kansas City Southern Leads Railroad Rally
TheStreet.com
By Joe Deaux 09/13/11 - 04:41 PM EDT NEW YORK (TheStreet) -- Kansas City Southern(KSU) shares rose Tuesday after the railroad company made a bullish presentation to investors in Europe and an analyst boosted his rating for the stock. ...
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Russia Lifted Grain Railroad Congestion With Some Limitations
Bloomberg
The so-called railroad congestion was lifted yesterday, Russian Railways said in e-mailed statement today, citing reduced number of freight cars loaded with grains waiting near the terminal. The ban for the rail shipments to the second grain terminal ...
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Railroad shipments up in U.S., allaying fears of double-dip recession
Press Herald
NEW YORK - Railroad shipments are the highest in almost three years, helping to defy concerns about a double-dip recession. Total rail volumes excluding grain and coal averaged 381831 carloads in August, the most since October 2008, according to data ...
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CSX signs pact with Gary airport
Post-Tribune
Scott Wheeler, airport expansion manager, told the Airport Authority Monday the CSX Railroad signed off on a temporary right-of-entry agreement with the airport for the EJ&E bridges. The board approved it, 5-0, with board members Silas Wilkerson and ...
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MDOT is going to buy the railroad track, from Kalamazoo to Detroit
MLive.com
LANSING — The Michigan Department of Transportation (MDOT) will purchase a critical 135-mile segment of railroad track between Kalamazoo and Dearborn from its current owner, Norfolk Southern Railway. The track is part of Amtrak's Wolverine passenger ...
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Obama order averts freight railroad strike for at least 60 days
Washington Post
By AP, WASHINGTON — President Barack Obama created a special board on Thursday to help resolve a dispute between major US freight railroads and their unions, averting a costly strike for at least 60 days. Eleven unions representing about 92000 railway ...
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Canadian National's CEO outlines railroad's commitment to Memphis
Memphis Commercial Appeal
A logistics Mecca where five Class One railroads converge, the city has a legitimate claim as CN's most important US hub not named Chicago. "Memphis is important. In many ways, it's our second hub," said Mongeau, who in January 2010 became the third ...
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Railroads Adding 15000 New US Jobs
ABC News (blog)
But at least one of the employers here offered a genuine whiff of hope for real jobs in a field as old as the American frontier: working on the railroad. “Look at me,” the stocky Smith told ABC News, “I'm built for the railroad. ...
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Amtrak sets record of 30 million passengers in past 12 months, the most since ...
Washington Post
By AP, WASHINGTON — Amtrak trains carried more than 30 million passengers in the past 12 months, the most in one year since the passenger railroad was created four decades ago, railroad officials said Thursday. Ridership during the budget year ending ...
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RailAmerica shares fall on downgrade
msnbc.com
NEW YORK — Shares of RailAmerica Inc. fell Friday, after a Stifel Nicolaus analyst cut his rating for the short-line railroad operator, saying that its shares have risen too high to be a worthwhile investment right now. THE SPARK: John Larkin lowered ...
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Union Pacific has Record Setting Third Quarter
Railroad.net - Tracking news and events in the railroad industry
by christopher-mahoney on October 20, 2011 Railroad giant, Union Pacific has reported one of the company's best third quarters in history with a net income of $904 million. In fact, this year Union Pacific set three all-time quarterly record: Diluted ...
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Pittsburgh & West Virginia Railroad (PW) CEO David H Lesser buys 4357 Shares
GuruFocus.com
CEO & Chairman of Pittsburgh & West Virginia Railroad (PW) David H Lesser buys 4357 shares of PW on 10/21/2011 at an average price of $12.65 a share. Pittsburgh & West Virginia Railroad has a market cap of $20.53 million; its shares were traded at ...
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Norfolk Southern shares rise on 3Q results
BusinessWeek
Shares of Norfolk Southern Corp. jumped Thursday after the freight railroad reported a 24 percent jump in third-quarter profit that beat Wall Street predictions. THE SPARK: The Norfolk, Va.-based company said Wednesday that it earned $554 million, ...
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Progress Rail shows off new locomotives during open house
Muncie Star Press
PATTI BLAKE / THE STAR PRESS MUNCIE -- State and local officials turned out Friday for the unveiling of the first two railroad locomotives built on Muncie's southwest side by local workers. A year after the announcement that Progress Rail Services, ...
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Surface Transportation Board Rejects Misguided Push to Re-Regulate the ...
OpenMarket.org
This was opened following the conclusion of an informational proceeding (Ex Parte 705) on competition in the railroad industry. The STB deferred a decision on whether or not to start a rulemaking proceeding while it continues to weigh the arguments and ...
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RailAmerica, Inc. Reports October 2011 Monthly Carloads
MarketWatch (press release)
This increase was partially offset by source shifts affecting the Indiana Southern Railroad. Waste & Scrap Materials were up primarily due to higher shipments in the Southeast and Northeast regions. Metallic Ores and Metals were stronger largely due to ...
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Railroads reach agreement with three unions Kansas City Star US freight railroads reached a collective bargaining agreement with three unions, the first settlement after a board appointed by President Barack Obama reviewed a standoff following two years of contract talks between the companies and labor groups. ... See all stories on this topic »

GE Buys Railroad Software Company
Wall Street Journal (blog)
By Shira Ovide General Electric pulled off a deal today for RMI, a company that provides transportation-management software for railroads and related companies. GE didn't disclose the price of the deal, but it's fair to think the transaction won't make ...
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Railroad retools as Asia grain shipments surge San Francisco Chronicle The Burlington Northern Santa Fe railroad is upgrading yards that handle shipping containers so it can profit from the surge in Asia's demand for grains. Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is upgrading yards that ... See all stories on this topic »