Year: 2010

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Canadian National

CN Reports Q4-2009 Net Income

January 26, 2010 Railfanning.org News Wire

MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: — Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million and C$1.23, respectively. The results included an after-tax gain of C$59 million (C$0.12 per diluted share) from a line-sale to Metrolinx, a transit agency in Toronto, and a deferred income tax recovery of C$99 million (C$0.21 per diluted share). — Excluding these items, adjusted fourth-quarter 2009 net income was C$424 million,

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Norfolk Southern

Thomas D. Bell Jr. Elected to Norfolk Southern Board

January 26, 2010 Railfanning.org News Wire

NORFOLK, Va. — Thomas D. Bell Jr., chairman of SecurAmerica LLC, has been elected a director of Norfolk Southern Corp., Norfolk Southern CEO Wick Moorman announced today. Bell retired as chairman and chief executive officer of Cousins Properties in July 2009. He previously served as chairman and CEO of the advertising and communications firm Young and Rubicam Inc., vice chairman and director of Gulfstream Aerospace Corporation, executive vice president of Ball Corporation, chairman of the Center for Naval Analysis, and president and CEO of the Hudson Institute. Bell attended the University of Tennessee and New York University. He served as

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Commuter Rail

NTSB Investigating WMATA Accident

January 26, 2010 Railfanning.org News Wire

WASHINGTON — The National Transportation Safety Board has launched a team of investigators to today’s Washington Metropolitan Area Transit Authority (WMATA) accident in Rockville, Md. At 1:45 am (EST) a hi-rail vehicle, in the work zone on the red line near Rockville Station, struck and killed two employees on the track. The Metro employees, both males, were struck by a prime mover, a diesel-powered piece of equipment that is used to move heavy equipment, according to the preliminary report from Metro Transit Police. The employees were working along an outbound section of track on the Red Line in the direction

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CSX

CSXT: Economic Development Efforts Drive Job Creation

January 25, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — Placing a substantial vote of confidence in rail transportation, customers committed to 92 new or expanded facilities on CSX Transportation (CSXT) lines in 2009. Upon completion, these projects will create nearly 1,400 new jobs, the company said. Located in 18 states and across markets that include energy, consumer goods and manufacturing, the projects ultimately will contribute $138 million in revenue, said Fredrik Eliasson, vice president-emerging markets. The facilities will be built on both CSXT lines and on some of the more than 230 short lines and regional railroads that connect to CSXT. “These projects collectively represent more

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Commuter Rail

Federal Authorities Want Recorders in Train Cabs

January 21, 2010 Railfanning.org News Wire

WASHINGTON — Federal authorities want trains to be equipped with audio and image recorders capable of providing recordings to verify that train crew actions are in accordance with rules and procedures that are essential to safety as well as train operating conditions. The recommendation was part of a National Transportation Safety Board investigation into a fatal 2008 Metrolink wreck.

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Union Pacific

Union Pacific Reports Fourth Quarter Earnings

January 21, 2010 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Corp. reported 2009 fourth quarter net income of $551 million, or $1.08 per diluted share, compared to $661 million, or $1.31 per diluted share in the fourth quarter 2008. “Union Pacific’s fourth quarter earnings reflected the continued impact of the recession that began in 2008,” said Jim Young, Union Pacific chairman and chief executive officer. “In this difficult environment, we’ve continued to focus on running our business efficiently and improving customer service. As a result, we finished the year with new records in safety, service, customer satisfaction and efficiency.” Slightly stronger fourth quarter demand led

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BNSF

Burlington Northern Santa Fe Reports Fourth Quarter/Full Year 2009 Results

January 21, 2010 Railfanning.org News Wire

FORT WORTH, Texas — Burlington Northern Santa Fe Corp. reported quarterly earnings of $1.55 per diluted share, which included a tax benefit of $0.25 per share related to the fourth-quarter donation of a portion of a line segment located in Washington State. This compared to fourth-quarter 2008 earnings of $1.78 per diluted share, which included a fuel surcharge lag benefit of about $200 million. “We have seen some improvement in volumes during the second half of 2009 and expect this gradual improvement to continue,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “BNSF will continue to position

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Amtrak

Burke Centre Now an Amtrak Stop

January 18, 2010 Railfanning.org News Wire

RICHMOND, Va. — Beginning Jan. 18, Amtrak Virginia passengers have one more option when traveling on Amtrak’s Northeast Regional service from Lynchburg as the Burke Centre station becomes an Amtrak stop. Previously the station only provided connecting service for Virginia Railway Express passengers. With this new designation, passengers may now book travel to and from Burke Centre on Amtrak.com. “By adding Burke Centre to the Amtrak system, the rail travel possibilities from central Virginia are significantly enhanced,” said Jay McArthur of Amtrak’s Policy and Development Department, noting that passengers may now book travel to and from Burke Centre to any