News Archive (July 24 through July 30)

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

Note: Some stories may no longer be available, or a fee may be required for full access.

• BNSF Reports All-Time Record Quarterly Volumes, Revenues and EPS (BNI)
  Quarterly earnings and revenue increase 32% and 18%, respectively.
• Canadian Pacific Railway produces solid second quarter results (CP)
  CP reports two percent gain in revenue despite declines in coal and potash.
• Wabtec EPS Up 34% in Second Quarter on Sharply Higher Margins (WAB)
  Higher margins counter revenue decline; Wabtec announces restructuring plan.
• Wabtec Whacked (TheStreet.com)
  Shares of rail equipment manufacturer Wabtec fall more than 20% due to sales decline.
• FreightCar America Reports EPS of $2.86 on Sales of $365.4 Million (RAIL)
  Railcar maker's profit quadrupled on a 58 percent increase in revenue.
• RailAmerica Reports Earnings from Continuing Ops of $0.14 Per Share (RRA)
  Shortline operator's income falls 16% due to increased costs.
• Downeaster chugs forward with 31 percent gain in ridership (AP)
  Portland to Boston service posts highest annual ridership gain of any Amtrak route.
• Passenger Support of Amtrak Reaches New Levels (AP)
  Nearly one million used Illinois state-subsidized routes last year, an increase of 12.5%.
• CN trains ordered to slow in wake of derailment (Toronto Star)
  Transport Canada orders Canadian National to operates trains at 16kph in work areas.
• Commuter rail struggles to meet surge in ridership (Boston Globe)
  Boston commuter rail operator struggles to repair equipment and meet rising demand.
• Documents from fatal Metra derailment released (AP)
  Transcripts indicate that engineer denies fault in Chicago commuter rail crash.
• NJ Transit opens light-rail line in downtown Newark (AP)
  Light rail connects Newark's two rail hubs with stops at entertainment and sports venues.
• Dangerous secrets ride the rails (Journal Gazette)
  Residents and officials are concerned with lack of details for hazardous shipments.
• Derailed train spilled STP auto fluids in field (Journal Gazette)
  Norfolk Southern derails 27 cars in Paulding County, Ohio on Sunday.
• Rail Freight Traffic Up During Most Recent Week (AAR)
  Gains in coal, intermodal, grain, and metals lead 4.1% increase in carloadings.
• Union Pacific's Historic Steam Locomotive to Pull Special Trains (UNP)
  UP Challenger No 844 to operate Frontier Days excursion from Denver to Cheyenne.
• High Demand and Operational Improvement Drive 64% Gain in UP's Q2 EPS
  Union Pacific earnings and revenue increase 64% and 17%, respectively.
• UP Announces Over $90M Investment in Intermodal Terminal (UNP)
  Union Pacific to construct 300 acre terminal near San Antonio.
• CN reports record second-quarter 2006 financial results (CNI)
  Canadian National posts record quarterly revenue and operating ratio.
• CSX Announces Strong Earnings, Stock Split, Dividend Increase, Share Buyback
  CSX posts record earnings and revenue as result of operations and pricing improvements.
• Rail Safety Makes Dramatic Gains (AAR)
  US train accident rate declines 24.3% from a year ago.
• Amtrak Gives New Two-Tier Jersey Trains One Big Headache (NY Times)
  Test run of NJ Transit's new bi-level trains tears down signals in Penn Station.
• Amtrak turns off outlets on Acelas after problems (AP)
  Amtrak disables electrical outlets on Acela Express due to short-circuiting problems.