CP Railroad Strike Likely to Continue Through Friday
A strike at Canadian Pacific Railway will continue at least until Friday, due to passage by Canada’s opposition Liberal party to delay passage of back-to-work legislation, Reuters reported.
May 30, 2012Strike Halts CP Rail Freight in Canada
Canadian Pacific Railway suspended its freight service across Canada after engineers, conductors and other workers went on strike, the Canadian Press reported Wednesday.
May 23, 2012Kansas City Southern Posts Higher 1Q Profit
Kansas City Southern on Tuesday reported its first-quarter earnings rose to $75 million, or 68 cents a share, from $64 million, or 58 cents, the previous year.
April 24, 2012Canadian Railroads Report Higher Earnings
Canada’s two biggest freight railroads reported higher earnings for the first quarter.
April 24, 2012CSX Reports Gains in 1Q Income, Revenue
CSX Corp. on Tuesday said its first-quarter earnings rose on higher volume, pricing gains and fuel recovery.
April 17, 2012Railroad Crossing Rule Still Being Considered
While the notion that trucks should not stop on a railroad track seems to make a lot of sense, federal regulars have yet to finalize a proposed federal railroad grade crossing rule that they say would save lives.
Railroads, Union Agree; Possible Strike Averted
The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.
Norfolk Southern Reports Record Earnings
Norfolk Southern Corp. said its fourth-quarter profit rose 19%, on higher traffic and rates.
January 25, 2012CSX Reports Higher 4Q Profit
CSX Corp.’s fourth-quarter profit rose 6% as higher rates offset a decline in volume, the freight railroad said.
January 24, 2012Union Pacific’s 4Q Income Jumps 24%
Union Pacific Corp. said Thursday its fourth-quarter profit jumped 24% on higher rates and volumes.
January 19, 2012