Railfanning.org News Wire

2004 in Review: Railroad-by-Railroad

February 1, 2005 Railfanning.org News Wire

U.S. freight railroads completed a record-breaking year by originating 1,588,950 carloads of freight in December 2004 and an additional 1,029,547 intermodal trailers and containers, the Association of American Railroads (AAR) reported.

Davidson: ‘High fuel prices and increased operating costs continued to impact earnings’

February 1, 2005 Railfanning.org News Wire

Union Pacific Corporation on Jan. 24 reported 2004 fourth quarter income from continuing operations of $79 million, or $0.30 per diluted share compared to $333 million, or $1.28 per diluted share in the fourth quarter of 2003. Included in the 2004 results is the impact of the $154 million after-tax, or $0.58 per diluted share, non-cash charge for unasserted asbestos claims that the company announced in December.

Ward: Earnings ‘driven by the continued strength in the economy and by improving operations’

February 1, 2005 Railfanning.org News Wire

CSX Corporation on Jan. 25 reported its financial results for the fourth quarter of 2004.

CPR Reports Solid Performance in 2004; Demand Continues to Grow

February 1, 2005 Railfanning.org News Wire

Canadian Pacific Railway reported net income of $413 million or $2.60 per diluted share in 2004, compared with $401 million or $2.52 per diluted share in 2003.

CN’s record revenues help drive best ever fourth-quarter and full-year results

February 1, 2005 Railfanning.org News Wire

CN on Jan.25 reported its financial results for the fourth quarter and 12-month period ending Dec. 31, 2004.

Norfolk Southern Reports Record Income For Fourth Quarter and 2004

February 1, 2005 Railfanning.org News Wire

Norfolk Southern Corporation has reported record fourth-quarter net income of $264 million or $0.65 per diluted share, compared with $52 million or $0.13 per diluted share for fourth-quarter 2003. Fourth-quarter 2003 was affected by costs related to a voluntary separation program and an asset impairment charge that together reduced the quarter’s net income by $119 million or $0.30 per share. Excluding the effects of those items, fourth-quarter 2003 net income would have been $171 million or $0.43 per diluted share.

BNSF’s Economic Development Efforts Lead to $1.24 Billion in Investments and More Than 3,300 Jobs in 2004

February 1, 2005 Railfanning.org News Wire

Economic development efforts of BNSF Railway Company were instrumental in the location of 144 new or expanded facilities during 2004 in the areas served by the railway, the company said Jan. 31.

Turning Over a New Leaf; Self-Made SEPTA Equipment Helped Significantly Reduce Slippery Rail Delays in 2004

January 31, 2005 Railfanning.org News Wire

A drip followed by a slip often produces a late trip on railroads awash with trees all across the globe during autumn – also referred to in the industry as slippery rail season.

Arthur M. Blank Family Foundation Awards Grants to Support Atlanta Belt Line Initiative

January 28, 2005 Railfanning.org News Wire

As part of its commitment to preserve green space and improve parks for urban residents, The Arthur M. Blank Family Foundation today announced it is awarding grants to two organizations involved in making the Atlanta Belt Line – a proposed corridor of transit, parks and trails – a reality.

Nation’s Largest Taxpayer Group Urges Va. Railroad Board to Stand Up to Amtrak, Allow Competitive Bid

January 5, 2005 Railfanning.org News Wire

The Virginia Railway Express (VRE) Operations Board should stand up for Virginia taxpayers and commuters by standing up to Amtrak.