News Archive (January 29 through February 4)

This page contains a railroad news archive for a single week. For all recent rail news, please see RailServe.com's RailNews Home Page.

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• Feds Ban Excessive Railroad Fuel Fees (AP)
  Surface Transportation Board says railroads must link surcharges with actual fuel costs.
• GAO Cites Progress in Railroad Oversight (AP)
  Federal officials says railroads have made progress in identifying key dangers.
• Kummant Seeks to Upgrade Amtrak Image (AP)
  Amtrak President says government incentives are needed to stimulate capital investment.
• Amtrak Experiences Train Trouble (CBS3)
  Wheels of Amtrak coaches have shattered twice in three weeks, piercing floor of cars.
• Canadian Pacific announces strong results for 2006 (CP)
  2006 earnings and revenue rise 20% and 4%, respectively, as network fluidity improves.
• Union Pacific Reports Record Fourth Quarter and Full Year Earnings (UNP)
  UP's quarterly earnings and revenue rise 62% and 9%, respectively.
• Norfolk Southern Reports Fourth-Quarter and 2006 Results (NSC)
  NS's quarterly earnings and revenue rise 9% and 3%, respectively, missing analyst targets.
• CN reports 15 per cent rise in adjusted Q4 2006 diluted EPS (CNI)
  Canadian National's quarterly revenue rises 3%; 2006 operating ratio hits record 60.7%.
• CSX Announces Strong Fourth-Quarter and Full-Year Results (CSX)
  Quarterly revenues increase 10% and 8%, respectively; operating ratio below 80%.
• BNSF Reports All-Time Record EPS and Operating Income (BNSF)
  Quarterly earnings and revenue rise 26% and 9%, respectively; volumes rise 4%.
• BNSF Announces $2.75 Billion Capital Commitment Program (BNSF)
  BNSF to invest $750M in track and facilities in 2007 to expand capacity.
• Winter Storms Impact Rail Traffic During Latest Week (AAR)
  US intermodal and carload freight volumes decline 3.0% and 8.3% from a year ago.
• CSX expects '07 freight rate hikes of 5-6 pct (Reuters)
  CSX to give up volume in favor of price increases if economic growth slows.
• Train Derailment Could Cost CSX $10M (AP)
  Louisville derailment costs include damage, environmental expense, and personal claims.
• QC could soon see Amtrak (WQAD)
  Potential riders enthusiastic about proposed rail service between Chicago and Quad Cities.
• Tri-Rail hires Amtrak to schedule train traffic (Sun-Sentinel)
  Amtrak to dispatch 72-mile corridor shared by CSX and Miami commuter rail.
• Union Pacific Announces Share Repurchase Program and Dividend Increase (UNP)
  UP raises dividend 17% and announces 3-year plan to repurchase 7% of shares.
• FreightCar America Announces Share Repurchase Program (RAIL)
  Railcar manufacturer to use strong cash flow to repurchase up to $50M shares.