CHICAGO — CN has reached an agreement with the City of Joliet, Ill. — the largest of the communities along the arc of the Elgin, Joliet and Eastern Railway Company (EJ&E) with which CN has a voluntary mitigation agreement (VMA) — to fund construction of a grade-crossing bypass that will improve vehicular traffic flows and enhance rail safety in the city’s Forest Park area.
OMAHA, Neb. — Union Pacific Corp. reported 2011 first quarter net income of $639 million, or $1.29 per diluted share, compared to $516 million, or $1.01 per diluted share, in the first quarter 2010. “We’ve started off strong in 2011 by achieving record results in the first quarter,” said Jim Young, Union Pacific chairman and chief executive officer. “We saw volume growth in all commodities and effectively leveraged that growth by running a safe and efficient network despite spiking fuel prices and winter weather challenges across most of the nation’s rail network. These efforts produced a best-ever first quarter operating
The National Transportation Safety Board has sent a team of investigators to investigate a rear end collision between two Burlington Northern Santa Fe (BNSF) trains. The collision occurred at 7 a.m. on April 17 in McPherson, Iowa. Early information indicates that a BNSF freight train collided with a standing BNSF maintenance train. Two BNSF employees were killed. Two locomotives and multiple cars derailed as a result of the accident. Michael Flannigan is serving as the Investigator-in-Charge for the 7-member team from the NTSB.