2011 – Page 20 – Railfanning.org

CN Announces Plan to Buy Back Shares

February 4, 2011 Railfanning.org News Wire

MONTREAL — CN said it intends to purchase for cancellation up to three million of its common shares pursuant to private agreements between CN and an arm’s-length third-party seller. The purchases will form part of CN’s 16.5-million share-repurchase program announced on Jan. 25, 2011. Such purchases will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place before the end of March 2011. The price that CN will pay for any common shares purchased by it under such agreements will be negotiated by CN and the seller and will be at a discount

Union Pacific Announces Operating Department Appointments

February 4, 2011 Railfanning.org News Wire

SPRING, Texas — Union Pacific Railroad has announced the following appointments, effective February 1. Brian McGavock has been appointed general superintendent – Harriman Dispatching Center, based in Omaha, Nebraska. He succeeds Mark Payne, who is retiring after 32 years of service. In his new role, McGavock is responsible for train dispatching over Union Pacific’s 5,500-mile Southern Region in Oklahoma, Texas and Louisiana. McGavock joined Union Pacific in 1998. He has held operating positions in Arkansas, Kansas, Illinois and Louisiana; most recently serving as general superintendent – transportation services for the Houston Service Unit. He is a graduate of Eastern Illinois

STB Reschedules Competition Hearing

February 4, 2011 Railfanning.org News Wire

The Surface Transportation Board has rescheduled to June 22, 2011 the public hearing on the current state of competition in the railroad industry. The hearing earlier was announced to take place on May 3. The hearing will begin at 9:30 a.m., in the Surface Transportation Board Hearing Room, at 395 E Street, SW, in Washington, D.C. Written comments will now be due by April 12, 2011, and replies will be due on May 27, 2011. Notices of intent to participate in the hearing will be due by June 10, 2011.

Kansas City Southern Reports Fourth Quarter Revenues Increase 18 Percent

February 3, 2011 Railfanning.org News Wire

KANSAS CITY — Kansas City Southern reported fourth quarter 2010 revenues of $479 million reflecting continued improvement in economic conditions in the markets served. Sequentially, revenues recovered from third quarter 2010 which were negatively impacted by service disruptions caused by Hurricane Alex, the railroad said. Revenue growth was experienced across all commodity groups. Automotive revenues were up 41 percent over fourth quarter 2009 as a combination of strong pricing and new cross border vehicle routings benefitted the commodity group. Coal revenues increased 31 percent from a year ago on improved contract pricing which took effect at the beginning of 2010. Intermodal revenues were up 28 percent on a strong

CN, Montreal Port Authority, Montreal Gateway Terminals Partnership and Termont Montreal Reach Agreements

February 3, 2011 Railfanning.org News Wire

MONTREAL — CN, the Montreal Port Authority (MPA) and the two companies that operate the port’s three key container terminals announced today two level of service agreements (LSAs) that will drive a strong focus on supply chain efficiencies. The two agreements – one signed by CN, the port authority and Montreal Gateway Terminals Partnership (MGT), which operates the CAST and RACINE terminals, and another signed by CN, the port authority and Termont Montreal — complement a framework agreement that CN and the MPA reached in September 2010. Under last fall’s agreement, CN and the port decided to develop a best-practices vision for

Amtrak Preparing to Celebrate 40th Anniversary

February 3, 2011 Railfanning.org News Wire

WASHINGTON – On May 1, 2011, Amtrak will celebrate 40 years as “America’s Railroads” providing vital intercity and high-speed passenger rail service to the nation and offering a critical transportation choice for both urban and rural communities. Preparations are now underway for several activities to commemorate the occasion, the railroad said.

Union Pacific Railroad Employees Achieve Record Safety Performance

February 3, 2011 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Railroad’s 2010 employee safety performance was the best in the company’s nearly 150-year history, the railroad said. Union Pacific’s full-year employee reportable injury rate was 1.37, a 6 percent improvement over the previous best of 1.45 established in 2009. A company’s injury rate is calculated using the number of injuries per 200,000 worker hours, which is equivalent to the number of hours worked by 100 full-time employees in a year. “Employees being more aware of risk, improving and standardizing best practices and embracing Total Safety Culture were key factors in our 2010 performance,” said Bob

Norfolk Southern Facilitates $2.5 Billion in Industrial Investment Along Rail Lines in 2010

February 2, 2011 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. participated in the location of 67 new industries and the expansion of 28 existing industries along its rail lines in 2010, the railroad said. New plants and expansions represented an investment of $2.5 billion by Norfolk Southern customers and are expected to create 2,000 jobs in the railroad’s territory, eventually generating more than 132,000 carloads of new rail traffic annually. Norfolk Southern assisted state and local government and economic development officials throughout 16 states in helping customers identify ideal locations for new and expanded facilities. “The energy sector again anchored our results during 2010,” said Newell

Norfolk Southern Foundation Awards Nearly $5.6 million to Charitable Organizations in 2010

February 1, 2011 Railfanning.org News Wire

NORFOLK, Va. — The Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corp., announced that it awarded nearly $5.6 million in grants during 2010 to nonprofit, charitable organizations. The Foundation supports programs that benefit nonprofit organizations in four principal areas: educational programs; community enrichment, focusing on cultural and artistic organizations; environmental programs; and health and human services. The grants included $1.4 million in employee matching gifts in support of 510 organizations. Grants other than matching gifts went to 310 organizations in Norfolk Southern’s operating territory. The Foundation contributed to 79 United Way campaigns plus other health and human

STB Plans Colo. Public Hearing

January 31, 2011 Railfanning.org News Wire

The Surface Transportation Board announced a public hearing to be held in Conejos, Colo., on a proposal by the San Luis and & Rio Grande Railroad to transfer onto railcars containers of contaminated dirt and debris from trucks originating at Los Alamos National Laboratory in New Mexico. The Board has instituted a declaratory order proceeding to determine whether the Board’s jurisdiction preempts the land-use code of Conejos County, Colo., where the transloading would take place. The public hearing is scheduled for Thursday, Feb. 17, 2011 at 10 a.m. at Our Lady of Guadalupe Parish Hall, 6631 County Road 13, Conejos, Colo.