News Archive (October 16 through October 22)

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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• Union Pacific Reports Record Third Quarter Earnings (UP)
  Earnings grow 64% as revenue rises 15% to a record $4.0 billion.
• CN posts 27 percent increase in Q3 2006 diluted EPS (CN)
  Earnings increase 27% from revenue gains and record operating ratio of 57.4%.
• CSX Announces Strong Third-Quarter Earnings (CSX)
  Excluding one-time gains, earnings increase 50% from a year ago.
• Crews work to restore rail traffic through southwestern Pa. area (AP)
  Final tankcar removed three days after Norfolk Southern derailment in New Brighton, PA.
• NASCAR Style Pit-Crew Concept Improves Union Pacific Operations (UP)
  Efficiency gains reduce train run-through process by nearly an hour at Bailey Yard.
• Amtrak adding trains (Pontiac Daily Leader)
  Four new trains from Chicago to St. Louis, Carbondale, and Quincy begin October 30.
• Proposed rail line would go to LAX (AP)
  Planners seek $1 billion light rail route to Los Angeles International Airport by 2015.
• Texans rally for train (Daily Progress)
  More than $100,000 in sponsorships have been raised to save the Texas State Railroad.
• Norfolk Southern eyes Indiana for rail yard (Reuters)
  NS considers construction of 2,000 acre intermodal transfer yard near LaPorte, Indiana.
• CSX eyes Indiana, Ohio sites for rail yard (NWI Times)
  Plans from major rail transfer yard shift from Chicago to Indiana and Ohio.
• CSX trains give cars good ride (Times Union)
  Honda presents workers at Selkirk rail yard with Rail Destination of the Year award.
• Rail Freight Traffic Up For Week Ending Oct. 14 (AAR)
  Intermodal and carload freight volumes rise 0.4% and 4.5%, respectively.
• Norfolk Southern Agrees on Settlement (AP)
  NS will settle injury claims from 2005 derailment at Graniteville, South Carolina.
• State wants $8.89 million for Norfolk Southern creek spill (AP)
  Pennsylvania seeks fines for a June derailment that spilled lye into a creek.
• Gurdon, Ark., Residents Return Home After Derailment Forces Evacuations (AP)
  Union Pacific derailment with flammable liquids forced evacuation of 200.