Month: February 2005
January 2005 Wreck Roundup
A 54-year-old woman was killed Jan. 21 in Pickens County, S.C, when her 1997 Ford Escort was struck by the northbound Crescent Amtrak passenger train, the Anderson Independent-Mail newspaper reported. It appears the woman panicked when she realized she was stopped on the tracks, but was unable to move her car, according to the newspaper’s report. A Jan. 20 derailment at Union Station in Washington snarled rail traffic for hours. Two cars from train No. 132 derailed at the northern end of the station, an Amtrak spokesman told Reuters news agency. No one was hurt. Dozens of other trains into
NTSB Approves Safety Recommendations
The National Transportation Safety Board on Feb. 3 approved the following: The National Transportation Safety Board therefore makes the following safety recommendations to the Federal Railroad Administration: Require in 49 Code of Federal Regulations Part 213, Track Safety Standards, that rail cracks originating from bond wire attachments be identified as rail defects and that information be collected on the methods and locations of those attachments. (R-05-01) Require in 49 Code of Federal Regulations Part 225, Guide for Preparing Accident/Incident Reports, that derailments caused by rail cracks originating from bond wire attachments be reported with a specific cause code and that
Motiva Enterprises and Norfolk Southern Build Largest Rail-Served Ethanol Terminal in New York Harbor
NORFOLK, Va. — Motiva Enterprises LLC and Norfolk Southern Corporation on Feb. 2 announced the opening of a new high-capacity ethanol terminal located at Motiva’s petroleum distribution terminal in Sewaren, N.J. It is the largest rail-served ethanol terminal in the New York Harbor area. The terminal is strategically located to serve the New York and Connecticut markets for ethanol. The facility, which replaces Motiva’s 23-car-per-day terminal, is capable of unloading 40 railcars per day. The expansion more than doubled the terminal’s capacity from 1 million gallons per day to more than 2 million. Ethanol is increasingly being used as a
2004 in Review: Railroad-by-Railroad
Davidson: ‘High fuel prices and increased operating costs continued to impact earnings’
Union Pacific Corporation on Jan. 24 reported 2004 fourth quarter income from continuing operations of $79 million, or $0.30 per diluted share compared to $333 million, or $1.28 per diluted share in the fourth quarter of 2003. Included in the 2004 results is the impact of the $154 million after-tax, or $0.58 per diluted share, non-cash charge for unasserted asbestos claims that the company announced in December.
Ward: Earnings ‘driven by the continued strength in the economy and by improving operations’
CPR Reports Solid Performance in 2004; Demand Continues to Grow
CN’s record revenues help drive best ever fourth-quarter and full-year results
Norfolk Southern Reports Record Income For Fourth Quarter and 2004
Norfolk Southern Corporation has reported record fourth-quarter net income of $264 million or $0.65 per diluted share, compared with $52 million or $0.13 per diluted share for fourth-quarter 2003. Fourth-quarter 2003 was affected by costs related to a voluntary separation program and an asset impairment charge that together reduced the quarter’s net income by $119 million or $0.30 per share. Excluding the effects of those items, fourth-quarter 2003 net income would have been $171 million or $0.43 per diluted share.