Railfanning.org News Wire

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Canadian National

CN Precision Railroading Model and Customer-Centric Innovations Are Improving Rail Service

May 3, 2010 Railfanning.org News Wire
MONTREAL — CN said that customer-focused innovation and balanced accountability among transportation partners are the keys to improving the effectiveness of Canada’s logistics supply chain. CN, in a submission to the Rail Freight Service Review panel appointed by the Canadian government, said hard facts compiled for the panel establish the quality of CN’s rail transportation product, most notably in terms of hub-to-hub transit time performance. At the same time, CN said it is committed to do a better job of partnering with its customers and is taking concrete action to further improve service by: — Strengthening the “first and last
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Kansas City Southern

Kansas City Southern Reports First Quarter Revenue Increase

April 30, 2010 Railfanning.org News Wire
KANSAS CITY, Mo. — Kansas City Southern reported first quarter 2010 revenues of $436.3 million, a 26% increase compared to the corresponding 2009 period. Double digit revenue improvements were experienced in each of the reported commodity groups led by Automotive with 76 percent improvement in revenues from a year ago. The other revenue improvements were 39 percent for Intermodal, 28 percent for Agriculture & Minerals, 25 percent for Chemical & Petroleum, 25 percent for Coal, and 22 percent for Industrial & Consumer Products. Overall, volumes improved 15 percent from a year ago and 2 percent from fourth quarter 2009. Operating
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Union Pacific

Union Pacific Is First Railroad to Earn Eastman Chemical Company’s Highest Level Supplier Excellence Award

April 30, 2010 Railfanning.org News Wire
OMAHA, Neb. — Union Pacific is the first railroad to earn the Eastman Chemical Company Supplier Excellence Award for overall company performance. The award signifies consistent performance in providing Eastman with high-quality products and services and working on Eastman’s behalf to improve the company’s efficiency and competitiveness. It represents the highest level of all awards presented in the Eastman Supplier Excellence Program. “Customer service is paramount at Union Pacific and we are extremely proud to receive Eastman’s Supplier Excellence Award,” said Diane Duren, Union Pacific vice president and general manager – Chemicals. “Our entire UP support team in operations and
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Canadian National

CN, Halifax Port Authority and Port Terminal Operators Introduce Innovative Supply-Chain Partnership Framework

April 29, 2010 Railfanning.org News Wire
MONTREAL — CN, the Halifax Port Authority (HPA), Cerescorp Company Limited (Ceres) and Halterm Container Terminal Limited (Halterm) announced “an innovative agreement” to better measure and align each party’s performance in the Halifax Gateway supply chain and enhance the port’s role as a preferred gateway on the east coast to Ontario, Quebec and the U.S. Midwest markets. The agreement establishes clear and defined performance standards for these Halifax Gateway partners – CN, HPA, Ceres and Halterm – regarding times for unloading and loading containers between vessels and cars, the timing of the placement of rail cars at the terminals, and
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Miscellaneous

Genesee & Wyoming Reports Results for the First Quarter of 2010

April 29, 2010 Railfanning.org News Wire
GREENWICH, Conn. — Genesee & Wyoming Inc. reported net income in the first quarter of 2010 of $16.0 million, compared with net income of $13.9 million in the first quarter of 2009. GWI’s diluted earnings per share (EPS) in the first quarter of 2010 were $0.39 with 41.4 million weighted average shares outstanding, compared with diluted EPS of $0.38 with 36.4 million weighted average shares outstanding in the first quarter of 2009. “Our first quarter financial results were a good start to 2010,” said John C. Hellmann, president and CEO of GWI. “In late February, our traffic began to strengthen