Year: 2008

KANSAS CITY, Mo. — Kansas City Southern reported record fourth quarter 2007 revenues of $460.3 million, a 4.0 percent increase over the corresponding 2006 period. Revenue growth was primarily the result of a continued strong pricing environment as well as volume growth in some key commodity segments, the railroad said. For the quarter, new business was a significant contributor to a 12.0 percent revenue increase in chemical & petroleum. Led by increased volumes in Mexico, intermodal revenues grew by 11.6 percent. Also reflecting a strengthening Mexican base, automotive revenues grew by 6.2 percent. Coal revenues improved by 2.4 percent over

SAN FRANCISCO — Californians are showing increasing interest and support for high-speed trains in advance of a November ballot measure, proponents of high-speed rail say. On Feb. 1, officials held a seminar in San Francisco to discuss “Shinkansen,” Japan’s High-Speed Train System. Retired San Mateo Superior Court Judge Quentin Kopp offered opening remarks to a crowd of public officials, policy makers and California resident about the economic and environmental benefits of high-speed trains. “The sincerity and commitment expressed here today, reflects the strong bonds between our countries,” Kopp said. “This is a critical year for high-speed rail in California, and

OMAHA, Neb. — Union Pacific Corp.’s Board of Directors has approved plans to invest a total of $3.1 billion for capital projects during 2008. The Company’s capital programs are designed to enhance safety, improve customer service, increase operating productivity and add network capacity to handle our customers’ growth. Major investment categories include: $1.6 billion to maintain and strengthen the track infrastructure, $840 million to increase network and terminal capacity, $490 million to upgrade our locomotive and freight car fleet, including the acquisition of 175 high-horsepower locomotives and new covered hoppers, and $170 million primarily to upgrade information technology systems, including