Railfanning.org News Wire

Norfolk Southern Named One of “40 Best Companies for Diversity” by BLACK ENTERPRISE Magazine

July 22, 2011 Railfanning.org News Wire

NORFOLK, Va. — Black Enterprise magazine announced that Norfolk Southern has been named to its 2011 list of the 40 Best Companies for Diversity.

Union Pacific Reports Record Second Quarter

July 21, 2011 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Corp. reported 2011 second quarter net income of $785 million, or $1.59 per diluted share, compared to $711 million, or $1.40 per diluted share, in the second quarter 2010.

Norfolk Southern Completes $16 Million of Track Work in Eight Days in Pennsylvania

July 20, 2011 Railfanning.org News Wire

NORFOLK, Va. — During eight days earlier this month, Norfolk Southern completed $16.2 million in track, bridge, and signal improvements in southwestern Pennsylvania’s Monongahela Valley.

CSX Announces Record Second Quarter Results

July 19, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced second quarter net earnings of $506 million, or $0.46 per share, versus $414 million, or $0.36 per share, in the same period last year. This represents a 28 percent year-over-year improvement in earnings per share.

CN Invests in Extended Sidings in Northern Ontario

July 19, 2011 Railfanning.org News Wire

TORONTO — CN announced plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings in this corridor to more than C$30 million. Two additional extended sidings, costing a total of C$10 million, are planned for this main line in 2012.

LaHood Announces $72.8 Million for Massachusetts to Cut Travel Time by Nearly 30 Minutes on Amtrak’s Growing Vermonter Line

July 13, 2011 Railfanning.org News Wire

WASHINGTON – U.S. Transportation Secretary Ray LaHood said travel time on Amtrak’s Vermonter line will be cut by nearly 30 minutes through a $72.8 million grant to the Massachusetts Department of Transportation.

Amtrak to Exceed 30 Million Passengers for the First Time Ever

July 13, 2011 Railfanning.org News Wire

WASHINGTON – Amtrak is projecting that for the first time ever its annual ridership will exceed 30 million passengers and in the process set a new all-time record when the current fiscal year ends Sept. 30.

CSX Increases 2011 Capital Investment to $2.2 Billion; Declares Quarterly Dividend

July 13, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — The CSX Corp. Board of Directors authorized an increase in 2011 capital investment for certain asset purchases – primarily railcars to meet the growing near- and long-term demand for export coal.

STB: Ruling to Provide Greater Access to Processes

July 7, 2011 Railfanning.org News Wire

WASHINGTON — In an action officials say will provide greater public access to its processes, the Surface Transportation Board announced that it is reducing the fee charged shippers to file a railroad rate or unreasonable practice complaint from $20,000 to $350, and is maintaining the $150 fee to file an expedited small rate case.

CSX Corporation Names David Baggs as VP Capital Markets and Investor Relations

July 7, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced the promotion of David Baggs to vice president capital markets and investor relations, effective immediately. Previously, he was assistant vice president treasury and investor relations.