(Adds comments from conference call) July 24 (Reuters) - Canadian National Railway Co 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 at better pricing. Canada's largest railroad expects to move higher volumes in the second half…
Posts published in “Railroad Legal News”
Rail News Home Federal Legislation & Regulation 7/23/2018 Rail News: Federal Legislation & Regulation Court ruling allows Amtrak, FRA to set on-time standards A federal appeals court ruled last week that Amtrak and the Federal Railroad Administration (FRA) should be allowed to set their own standards for measuring on-time performance of passenger-rail service.The 2-1 ruling…
Rail News Home Federal Legislation & Regulation 7/23/2018 Rail News: Federal Legislation & Regulation Feds OK next phase of testing on RTD's G Line The line was originally slated to open for passenger service in fall 2016. Photo – Denver RTD Denver's Regional Transportation District (RTD) has received approval from the Federal Railroad Administration (FRA)…
(Adds context on Mexico trade) July 20 (Reuters) - Kansas City Southern, a regional U.S. railroad operator with extensive operations in Mexico, topped Wall Street estimates for quarterly profit on Friday, as it transported higher volumes of petroleum, cars and chemicals. Shares gained 1.1 percent to $109.67 in afternoon trading, even after the company lowered…
OMAHA, Neb. (AP) — Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. The Omaha, Nebraska-based company said Thursday it earned $1.51 billion net income, or $1.98 per share. That's up from $1.17…
(Adds CEO comments, details, updates stock price) July 19 (Reuters) - No. 1 U.S. railroad Union Pacific Corp's second-quarter profit and revenue beat estimates on Thursday but costs related to a tunnel collapse that wreaked havoc on its Northwest service offset much of the gain from sharply lower U.S. taxes, sending shares down more than…
(Compares with estimates, adds details on result) July 18 (Reuters) - Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash. CP said total carloads, the amount of freight loaded into freight cars during a specified period, rose…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation Transport Canada announces clean-rail research grant awards The Canadian government last week announced grant funding for 10 projects under the Clean Rail Academic Grant Program.Under the program's fifth round of funding, the 10 projects will each receive a grant of up…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation FRA hosts PTC symposium on interoperability issues Ronald Batory Photo – Federal Railroad Administration The Federal Railroad Administration (FRA) today is holding the second of three symposiums for the 41 railroads required to implement positive train control (PTC) systems.Attending the symposium…
Rail News Home Federal Legislation & Regulation 7/17/2018 Rail News: Federal Legislation & Regulation FTA unveils FY2018 apportionments document Yesterday, the Federal Transit Administration (FTA) published a notice in the Federal Register about its fiscal-year 2018 apportionments, which include policies, procedures, streamlining activities, authorized funding levels, program details and funding availability.The notice details $13.4 billion…