Rail News Home Federal Legislation & Regulation 8/6/2018 Rail News: Federal Legislation & Regulation AAR, GoRail honor Denham with Railroad Achievement Award Denham (right, with Nate Kaplan) was recognized for continued leadership on issues affecting freight and passenger railroads. Photo – AAR U.S. Rep. Jeff Denham (R-Calif.), a senior member of the House Transportation and…
Posts published in “Railroad Legal News”
(Adds comment, details from quarterly results) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. Results easily topped analyst forecasts. Underwriting profit at the…
(Recasts first paragraph, adds financial details throughout) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance…
Rail News Home Federal Legislation & Regulation 8/2/2018 Rail News: Federal Legislation & Regulation Senate OKs $16.1 billion for transit, passenger rail The Senate Appropriations Committee Room Photo – U.S. Senate Photo Studio The U.S. Senate yesterday approved a fiscal-year 2019 appropriations bill that provides $16.1 billion for public transit and intercity passenger rail.The Transportation,…
Rail News Home Federal Legislation & Regulation 8/1/2018 Rail News: Federal Legislation & Regulation Transport Canada awards funds for Central Manitoba Railway project Minister of Transport Marc Garneau Photo – Transport Canada Transport Canada yesterday announced CA$5.6 million in government funding for a rail infrastructure project at the Central Manitoba Railway's Pine Falls subdivision.The project…
Rail News Home Federal Legislation & Regulation 7/26/2018 Rail News: Federal Legislation & Regulation Feds: CSX to pay $2.2 million in penalties for derailment, oil spill A National Transportation Safety Board (NTSB) photo of the derailment site. Photo – ntsb.gov The federal government and state of West Virginia this week announced a proposed settlement that…
Rail News Home Federal Legislation & Regulation 7/26/2018 Rail News: Federal Legislation & Regulation Report: Short lines contribute significantly to U.S. economy The regional and short-line rail industry added billions of dollars in value to the U.S. economy in 2016, according to an economic impact report released today by the American Short Line and Regional…
OMAHA, Neb. (AP) — Norfolk Southern's second-quarter profit raced ahead 43 percent as the railroad handled 6 percent more freight. The company said Wednesday that it earned $710 million, or $2.50 per share, in the quarter. That's up from $497 million net income, or $1.71 per share a year ago. The results surpassed the $2.31…
(Adds details on earnings) July 24 (Reuters) - Canadian National Railway reported a 27 percent jump in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including grains and fertilizers. Total carloads, the amount of freight loaded into cars during a specified period, rose 5.8 percent, while rail freight revenue per carload…
(Adds analysts' estimates, outlook, shares) July 24 (Reuters) - Canadian National Railway on Tuesday reported a better-than-expected quarterly profit and raised its forecast for full-year adjusted earnings as the railroad moved higher volumes of commodities including grains and fertilizers. The company said it now expected adjusted earnings of C$5.30 to C$5.45 per share, compared with…