CALGARY — Canadian Pacific Railway Limited announced its second-quarter results today, and net income in the second quarter was $155 million, a decrease of 40 percent from $257 million in 2007, and diluted earnings per share was $1.00, a decrease from $1.64 in the second quarter of 2007.
Highlights include:

Total revenues were essentially flat at $1.22 […]

FORT WORTH, Texas — BNSF Railway Company was recently honored by Owens Corning as the 2007 Intermodal Carrier of the Year.
“BNSF intermodal’s commitment to safety, consistent service and open communications with Owens Corning has been essential to their success. With a changing marketplace, having a provider like BNSF allows us to supply our customers with […]

FORT WORTH, Texas — BNSF Railway Company today announced that it has placed 67 GenSet switch locomotives in service for the Dallas/Fort Worth and Houston areas.
The GenSets were acquired through the Texas Commission on Environmental Quality’s (TCEQ) Emissions Reduction Incentive Grants (ERIG) Program, which provides grants to eligible projects in non-attainment areas and affected counties.
The […]

NEWARK, N.J. — N.J. Transit took another step forward in the modernization of its rail fleet, as the Board of Directors approved the purchase of 26 dual-powered locomotives to replace its aging diesel fleet.The Board awarded a contract to Bombardier Transit Corporation for the purchase of 26 dual-powered locomotives — which can operate in both […]

NEWARK, N.J. — The N.J. Transit Board of Directors adopted a Fiscal Year 2009 Budget that supports historic ridership levels by increasing seat capacity, modernizing the bus and rail fleets and maintaining the system in a state of good repair.
The N.J. Transit Board approved a $1.7 billion FY09 operating budget and a $1.29 billion capital […]

NEWARK, N.J. — Sen. Frank R. Lautenberg and Robert Menendez, both Democrats, said they successfully appropriated $75 million towards the Access to the Region’s Core (ARC) project – more than five times the amount dedicated last year – further advancing the engineering of two new rail tunnels under the Hudson River.
“The unwavering support from senators […]

WASHINGTON — The Federal Railroad Administration has issued a Notice of Proposed Rulemaking to improve protection for roadway workers from train or equipment movements on an adjacent track.
The proposal would require railroads, contractors to railroads, and roadway workers to adopt and comply with additional on-track safety procedures. It will cover work groups using certain maintenance […]

VANCOUVER — CN and Canadian Pacific (CP) announced an agreement allowing the Deltaport Division of a jointly owned rail subsidiary to manage rail switching operations for CN’s and CP’s intermodal trains at Deltaport, a marine container terminal located at Roberts Bank, south of Vancouver’s inner harbor.
“Deltaport Division will streamline the logistics chain at the terminal, […]

WASHINGTON — The Surface Transportation Board has provided a schedule of speakers appearances and their time allocations for the Board’s July 22, 2008 public hearing for the proceeding entitled, Common Carrier Obligation of Railroads—Transportation of Hazardous Materials, STB Ex Parte No. 677.
The Tuesday, July 22 hearing will begin at 9:00 a.m. in the Board’s Hearing […]

JACKSONVILLE, Fla. — CSX Corp. announced that the preliminary report of IVS Associates, Inc. (IVS), the independent inspector of election for CSX’s 2008 annual meeting of shareholders, indicates that Board nominees Donna M. Alvarado, John B. Breaux, Steven T. Halverson, Edward J. Kelly III, John D. McPherson, David M. Ratcliffe, Donald J. Shepard, and Michael […]