Railfanning.org News Wire

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NTSB

NTSB to Discuss ‘Most Wanted’ List

October 24, 2008 Railfanning.org News Wire
WASHINGTON — The National Transportation Safety Board will hold a public Board meeting on Oct. 28 to review its list of Most Wanted safety recommendations directed at federal agencies. The Most Wanted List was developed in 1990 to focus attention on safety improvements the Board believes will have the greatest impact on transportation safety. Some of the issues to be reviewed this year include runway incursions, positive train control, motor carrier operations and operator fatigue.
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Norfolk Southern

Norfolk Southern Moves Record Coal Tonnage in Third Quarter 2008

October 23, 2008 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern hauled 49.67 million tons of coal in the third quarter of 2008, an all-time quarterly high driven by strong export demand and more shipments of domestic metallurgical coal. Third-quarter 2008 coal tonnage increased 6 percent, up from 46.84 million tons during the same period last year. The previous record for any quarter was 49.27 million tons in second quarter 2008. Even as it handles record coal amounts, Norfolk Southern has reduced the transit time of shipments over major coal lanes, with an 8.8 percent improvement for the first nine months of 2008. “Faster transit times
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Norfolk Southern

Norfolk Southern Reports Record Third-Quarter 2008 Results

October 21, 2008 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern Corporation reported third-quarter 2008 net income of $520 million, or $1.37 per diluted share, compared with $386 million, or $0.97 per diluted share, for the same period of 2007. Third-quarter income from railway operations increased 31 percent to a record $894 million. “Our third quarter performance again demonstrates the strength of our diversified traffic base. We are also continuing to provide the high-quality service our customers require in this difficult economic environment,” said Norfolk Southern CEO Wick Moorman. Third-quarter railway operating revenues were $2.9 billion, up 23 percent compared with the same period a year
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Canadian Pacific

Decommissioned Maintenance Shop Will be Demolished

October 16, 2008 Railfanning.org News Wire
NELSON, British Columbia — A decommissioned locomotive maintenance building near the Nelson waterfront will be demolished, Canadian Pacific Real Estate Vice-President John Walsh and Nelson Mayor John Dooley said. CP anticipates the demolition will be complete next year. “I am very pleased that Canadian Pacific has agreed to demolish the diesel shop,” said Mayor Dooley. “We have been working with CP on a number of issues over the past three years and have been really impressed with the cooperation we have received from all their staff, and in particular, John Walsh.” CP used the Diesel Shop Building for heavy locomotive
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NTSB

NTSB: Rail Fatalities Increased in 2007

October 16, 2008 Railfanning.org News Wire
WASHINGTON –Rail fatalities increased slightly in 2007 from 2006, according to preliminary figures released by the National Transportation Safety Board. Overall, transportation fatalities in all modes totaled 43,193 in 2007, compared to 45,085 in 2006. “While statistics show that transportation fatalities have declined this past year,” said Acting Chairman Mark Rosenker, “there is still much work to do to prevent the loss of life on our roads, rails, waterways, and skies.” Rail fatalities increased slightly from 774 to 808. The vast majority of these fatalities were people struck by a rail vehicle, the NTSB said. — Railfanning.org News Wire
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CSX

CSX Reports Record Third Quarter Earnings from Continuing Operations

October 14, 2008 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Corp. reported third quarter 2008 earnings from continuing operations of $382 million, or 94 cents per share. This represents a 40 percent increase from the same period last year. In 2007, CSX reported third quarter earnings of $297 million from continuing operations, or 67 cents per share. “CSX delivered impressive financial results in a challenging economy,” said Michael J. Ward, chairman, president and CEO. “Our resilient business portfolio and disciplined operations continue to generate substantial earnings growth for shareholders.” Revenue increased 18 percent to nearly $3 billion, with nine of the company’s 10 market segments producing