Railfanning.org News Wire – Page 361

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.

CN, BNSF Reach Routing Protocol Agreement

February 1, 2005 The Cross-Tie

CN and BNSF on Jan. 19 announced a routing protocol agreement to streamline their exchange of rail traffic at major gateways, to be implemented over a three-month period.

Reports: Tsunami Claims At Least 1,000 RR Passengers

February 1, 2005 The Cross-Tie

At least 1,000 train passengers were killed here when a tsunami rocked Sri Lanka and Asia.

NTSB: Switch Led to Deadly S.C. Collision, Evacuations

February 1, 2005 The Cross-Tie

At least nine people were killed and thousands evacuated from their homes after two trains collided, which resulted in toxic chlorine gas leaking.

NS: Graniteville Crash to Cost $30M-$40M

February 1, 2005 The Cross-Tie

Norfolk Southern on Jan. 24 said it expects the first quarter 2005 to reflect expenses in the range of $30 to $40 million (pretax) relating to the Jan. 6 derailment at Graniteville, S.C.