KANSAS CITY, Mo. — Kansas City Southern reported first quarter 2010 revenues of $436.3 million, a 26% increase compared to the corresponding 2009 period. Double digit revenue improvements were experienced in each of the reported commodity groups led by Automotive with 76 percent improvement in revenues from a year ago. The other revenue improvements were 39 percent for Intermodal, 28 percent for Agriculture & Minerals, 25 percent for Chemical & Petroleum, 25 percent for Coal, and 22 percent for Industrial & Consumer Products. Overall, volumes improved 15 percent from a year ago and 2 percent from fourth quarter 2009. Operating
OMAHA, Neb. — Union Pacific is the first railroad to earn the Eastman Chemical Company Supplier Excellence Award for overall company performance. The award signifies consistent performance in providing Eastman with high-quality products and services and working on Eastman’s behalf to improve the company’s efficiency and competitiveness. It represents the highest level of all awards presented in the Eastman Supplier Excellence Program. “Customer service is paramount at Union Pacific and we are extremely proud to receive Eastman’s Supplier Excellence Award,” said Diane Duren, Union Pacific vice president and general manager – Chemicals. “Our entire UP support team in operations and
MONTREAL — CN, the Halifax Port Authority (HPA), Cerescorp Company Limited (Ceres) and Halterm Container Terminal Limited (Halterm) announced “an innovative agreement” to better measure and align each party’s performance in the Halifax Gateway supply chain and enhance the port’s role as a preferred gateway on the east coast to Ontario, Quebec and the U.S. Midwest markets. The agreement establishes clear and defined performance standards for these Halifax Gateway partners – CN, HPA, Ceres and Halterm – regarding times for unloading and loading containers between vessels and cars, the timing of the placement of rail cars at the terminals, and
GREENWICH, Conn. — Genesee & Wyoming Inc. reported net income in the first quarter of 2010 of $16.0 million, compared with net income of $13.9 million in the first quarter of 2009. GWI’s diluted earnings per share (EPS) in the first quarter of 2010 were $0.39 with 41.4 million weighted average shares outstanding, compared with diluted EPS of $0.38 with 36.4 million weighted average shares outstanding in the first quarter of 2009. “Our first quarter financial results were a good start to 2010,” said John C. Hellmann, president and CEO of GWI. “In late February, our traffic began to strengthen
WASHINGTON – As the 2010 construction season gets underway, Amtrak is embarking on $1 billion construction program to fund capital projects designed to rebuild, upgrade and modernize its tracks, bridges, stations and other critical infrastructure along the busy Northeast Corridor and across the country, including Chicago, Los Angeles, Seattle and the Miami area. “We are investing in our infrastructure to improve the reliability, safety and security of our operations and support the growing demand to travel by Amtrak,” said President and CEO Joseph Boardman, noting America’s passenger railroad posted record ridership numbers for the first six-months of this fiscal year.
OMAHA, Neb. — Union Pacific Railroad has earned the prestigious TRANSCAER National Achievement Award for the third consecutive year. The award recognizes extraordinary achievement in support of the TRANSCAER (Transportation Community Awareness and Emergency Response) initiative. TRANSCAER is the voluntary national outreach effort to help communities prepare for and respond to a possible hazardous material transportation incident. In 2009, Union Pacific organized or assisted with multiple events that led to training more than 4,800 emergency responders. Overall, Union Pacific participated in nearly 160 TRANSCAER or TRANSCAER-related events. Union Pacific’s most significant commitments in 2009 included ethanol training tours in Illinois
WASHINGTON – Amtrak has reached tentative agreements on new labor contracts with the International Brotherhood of Electrical Workers (IBEW), International Association of Machinists and Aerospace Workers (IAM), the Joint Council of Carmen, Coach Cleaner and Helpers (JCC) and the Transportation Communications International (TCU) covering the period of Jan. 1, 2010, through Jan. 1, 2015. The new contracts must be ratified by the union membership and will cover Electricians, Machinists, Carmen and Coach Cleaners, Clerks and Telegraphers. The IBEW, IAM, JCC and TCU are four of 14 labor organizations and joint councils representing Amtrak employees. The tentative agreements will affect about