(Adds context, comment from statement) MONTREAL, April 6 (Reuters) - Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. The workers, whose collective agreement expired late last year,…
Posts published in April 2018
OMAHA, Neb. (AP) — Norfolk Southern Corp. hauled in 27 percent more profit in the first quarter as the railroad delivered 3 percent more freight and increased prices. The Norfolk, Virginia-based company said it earned $552 million, or $1.93 per share, in the first quarter, but the volume increase led to slower rail traffic. That's…
April 26 (Reuters) - Union Pacific Corp reported a 22.2 percent rise in first-quarter profit on Thursday as the No. 1 U.S. railroad benefited from higher freight revenue. The Omaha, Nebraska-based company said net income rose to $1.31 billion, or $1.68 per share, in the latest quarter from $1.07 billion, or $1.32 per share, a…
Rail News: Federal Legislation & Regulation STB task force to hold informal meetings on rate review reforms USDOT creates BUILD grants to replace TIGER program Batory calls on public to help improve rail-crossing safety Chao signs MOU to shorten infrastructure project reviews, permitting NTSB: Fatigue led to fatal train crash in New Mexico Teamsters' rail…
Rail News Home Federal Legislation & Regulation 4/11/2018 Rail News: Federal Legislation & Regulation House passes rail data security bills The U.S. House of Representatives yesterday passed two bipartisan railroad data and information security bills. One of the bills calls on the Federal Railroad Administration (FRA) to develop a plan and timeline to implement cybersecurity…
Rail News Home Federal Legislation & Regulation 4/9/2018 Rail News: Federal Legislation & Regulation Ontario's high-speed rail project gets CA$11 billion boost The funding will come from the province's 2018 budget. Photo – Ontario's high-speed rail feasibility report The province of Ontario will invest more than CA$11 billion to build the first phase of a…
Federal Legislation & Regulation News http://www.progressiverailroading.com/federal_legislation_regulation/ Federal Legislation & Regulation NewsCopyright 2018 Trade Press Media Group http://www.progressiverailroading.com/federal_legislation_regulation/news/STB-task-force-to-hold-informal-meetings-on-rate-review-reforms--54507Tue, 24 Apr 2018 12:00:00 CST http://www.progressiverailroading.com/federal_legislation_regulation/news/USDOT-creates-BUILD-grants-to-replace-TIGER-program--54493Mon, 23 Apr 2018 10:00:00 CST http://www.progressiverailroading.com/passenger_rail/news/DART-seeks-public-input-on-Cotton-Belt-DEIS--54487Fri, 20 Apr 2018 11:00:00 CST http://www.progressiverailroading.com/high_speed_rail/news/Denham-USDOT-inspector-general-to-audit-California-highspeed-rail-project--54435Fri, 13 Apr 2018 12:00:00 CST http://www.progressiverailroading.com/people/news/Trump-nominates-Homendy-to-serve-on-NTSB--54432Fri, 13 Apr 2018 11:00:00 CST http://www.progressiverailroading.com/internet-digital/news/House-passes-rail-data-security-bills--54411Wed, 11 Apr 2018 10:00:00 CST http://www.progressiverailroading.com/high_speed_rail/news/Ontarios-highspeed-rail-project-gets-CA11-billion-boost--54383Mon, 9 Apr…
København – Ringsted computer model developed 25 Apr 2018 DENMARK: Infrastructure manager Banedanmark has used 3D scanning and BIM data to produce a detailed 3D computer model of the fast line under construction between København and Ringsted which is scheduled to open next year. This allows potential suppliers to view and ‘walk around’ the route…
(Adds details from release) April 25 (Reuters) - Norfolk Southern Corp, one of the largest U.S. railroads by revenue, reported a rise in quarterly net profit on Wednesday, driven by higher volumes of consumer goods and a lower effective tax rate. The Norfolk, Virginia-based railroad operator said first-quarter net income jumped to $552 million, or…
(Recasts with share growth; adds CEO comments, paragraph 4) April 25 (Reuters) - Shares in Norfolk Southern Corp rose about 5 percent in early trading on Wednesday after the fourth-largest U.S. railroad reported a 27 percent increase in year-over-year quarterly net profit and topped revenue forecasts. The Norfolk, Virginia-based railroad, with a network that spans…