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, 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.
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.
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.
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.
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.
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.
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.