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CSX

CSX Announces 22% Increase in First Quarter Earnings Per Share from Continuing Operations

JACKSONVILLE, Fla. — CSX Corp. announced first quarter earnings per share from continuing operations of $306 million, or 78 cents per share, versus $254 million, or 64 cents per share, in the same period last year. This represents a 22 percent year-over-year improvement in earnings per share from continuing operations. “CSX drove strong efficiencies in its operations and produced outstanding results as the economy continued to recover,” said Michael J. Ward, chairman, president and chief executive officer. “We are particularly proud of our excellent safety performance in the quarter, as our employees achieved record results in one of America’s safest

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STB

STB Sets Hearing on Maine Proposed Maine Abandonment

WASHINGTON — The federal Surface Transportation Board announced it will hold a public hearing in Presque Isle, Maine, on May 10 to allow citizens and stakeholders to provide testimony on the Montreal, Maine & Atlantic Railway’s application to abandon 233 miles of rail line in Aroostook and Penobscot counties. The hearing will be held at the District Courthouse located at 27 Riverside Drive in Presque Isle. The hearing will begin at 9 a.m. The courthouse will open at 8 a.m. All speakers and attendees must present valid government-issued identification and pass security screening to gain entry to the hearing.

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Short Line/Regional

Proposed Maine Abandonment Would Force More Trucks Onto Roads

WASHINGTON — The Section of Environmental Analysis at the Surface Transportation Board issued a draft environmental assessment on the proposed abandonment of 233 miles of rail line in the northern Maine counties of Aroostook and Penobscot. The draft review found that the abandonment of this line could divert onto Maine’s highways as many as an additional 73,344 truck trips per year, consuming an additional 3.3 million gallons of fuel per year. However, the draft review, which estimated it would take four trucks to replace every rail car, found that the diversion of rail traffic onto trucks would appear to be

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Canadian Pacific

Canadian Pacific announces Ed Harris as Chief Operations Officer

CALGARY — Canadian Pacific Railway Limited announced the appointment of Edmond (Ed) L. Harris to the position of Executive Vice President and Chief Operations Officer. Reporting to CP President and Chief Executive Officer Fred Green, Harris will join the Company with responsibility for all aspects of railroad operations, safety, customer service, engineering and mechanical services in both Canada and the US. “Ed is a proven railroader and industry leader, widely recognized for his focus on service reliability, asset utilization, and productivity,” said Green. “We welcome his expertise and look forward to him joining the team.” Harris has over 30 years