BNSF
Kansas City Southern
Kansas City Southern
LaHood Announces $54.6 Million Loan for Kansas City Southern Railway for 30 U.S.-Made Locomotives
WASHINGTON – U.S. Transportation Secretary Ray LaHood announced a $54.6 million loan to Kansas City Southern Railway Company (KCSR) for the purchase of 30 new General Electric ES44AC locomotives. These diesel-electric locomotives, built in Erie, Pennsylvania, will help KCSR meet increasing economic demand, and are more energy-efficient and produce significantly less carbon emissions than the locomotives they are replacing. “We are seeing President Obama’s commitment to rail boost manufacturing all across America,” LaHood said. “This is the kind of investment in our transportation systems that creates jobs, boosts the economy and improves the flow of goods.” In addition to energy
Kansas City Southern
Kansas City Southern Reports First Quarter Earnings
Kansas City Southern
Kansas City Southern Reports Fourth Quarter Revenues Increase 18 Percent
KANSAS CITY — Kansas City Southern reported fourth quarter 2010 revenues of $479 million reflecting continued improvement in economic conditions in the markets served. Sequentially, revenues recovered from third quarter 2010 which were negatively impacted by service disruptions caused by Hurricane Alex, the railroad said. Revenue growth was experienced across all commodity groups. Automotive revenues were up 41 percent over fourth quarter 2009 as a combination of strong pricing and new cross border vehicle routings benefitted the commodity group. Coal revenues increased 31 percent from a year ago on improved contract pricing which took effect at the beginning of 2010. Intermodal revenues were up 28 percent on a strong
Amtrak
Kansas City Southern
Kansas City Southern Reports First Quarter Revenue Increase
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
Kansas City Southern
Kansas City Southern Acquires Puerta Mexico Intermodal Facility, Adds Direct Train Service
KANSAS CITY — Kansas City Southern has acquired the Puerta Mexico intermodal facility at Toluca in the State of Mexico. Later this month, Kansas City Southern de Mexico, S.A. de C.V. will add direct train service from Lazaro Cardenas to Puerta Mexico, providing Mexico City import and export shippers with a service alternative featuring improved consistency and reliability and better transit times, the railroad said.
BNSF
BNSF
AAR: Rail Carload Freight Reaches Highest Level in More Than a Year
WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
BNSF
Feds Announce New Safety Standards for Freight and Passenger Trains
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.