Friday, January 22, 2010

Federal stimulus funds OK'd for Cumbres and Toltec line Pueblo Chieftain AP PHOTO/FILE -- Passengers wait to reboard the Cumbres & Toltec Scenic Railroad after a lunch stop. Historic rail line will receive $1 million in federal ...

BNSF Net Falls 12.8 Percent to $536 Million Journal of Commerce BNSF Railway, in likely its last earnings report as a public company, saw it's net profit fall 12.8 percent in the fourth quarter from a year earlier, to $536 million, but the company showed strong efficiency amid declining demand with ...

Big plans for rail line Central Plains Herald Leader... to purchase a short-line railway to keep their grain shipments on track. ... we couldn't buy this chunk of line and turn it into a short-line railroad. ...

Union Pacific Profit Falls 17 Percent Journal of Commerce Western-U.S. carrier Union Pacific Railroad saw fourth-quarter profit fall 17 percent from a year earlier to $551 million, while net income for all of 2009 fell 19 percent to $1.9 billion. UP generated a 14.7 percent profit in the final ...

Comprehensive rail plan for Minnesota unveiled during public hearing Morris Sun Tribune It will be submitted next month to the Federal Railroad Administration for approval, a move that will put Minnesota in line to receive stimulus money for ...

Passenger rail resumes between Seattle, Everett Seattle Times It was the third slide since Saturday to hit the Burlington Northern Santa Fe line near Mukilteo. Freight trains can resume once the track is cleared, ...

Bombardier Transportation signs US$112 million locomotive contact in Hungary The Canadian PressB) says it has secured an order for 25 locomotives from the Hungarian State Railway, in a contract worth US$112 million. The agreement with the Berlin-based ...

GATX Corp. reports sharp earnings drop Medill Reports: Chicago GATX Corp., a Chicago-based railcar-leasing firm, reported a significant drop in fourth quarter and annual earnings due to continued weakness in the markets ...

Rail Traffic Nears Year-ago Level The Journal of Commerce Online Bulk and equipment-hauling railcar originations, by the five largest US carriers and some regional lines that report to the Association of American ...

Railroads Signal a Tepid US Economic Recovery ABC NewsBy JOSH FUNK AP Business Writer AP The nation's railroad operators expect a tepid recovery for the US economy in 2010, as both businesses and consumers ...

Union Pacific Opposes Rail Bill The Journal of Commerce Online The bill also did not include language that might end or curb a limited exemption for railroads from antitrust laws, but Rockefeller said he intends to ...

County buys rail corridor for trail Albany Times Union County Executive Mike Breslin announced recently that the county bought the property for $700000 from Canadian Pacific Railway. The purchase was made with a ...

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