Posts published in “Day: April 26, 2018”

(Recasts leads, adds analyst comment) OTTAWA, April 5 (Reuters) - Canada's trade deficit in February jumped to C$2.69 billion ($2.10 billion) from C$1.94 billion in January as rail transport problems slashed exports of wheat and canola, Statistics Canada said on Thursday. The deficit was larger than the C$2.00 billion shortfall predicted by analysts in a…

(Adds context, comment from statement) MONTREAL, April 6 (Reuters) - Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. The workers, whose collective agreement expired late last year,…

OMAHA, Neb. (AP) — Norfolk Southern Corp. hauled in 27 percent more profit in the first quarter as the railroad delivered 3 percent more freight and increased prices. The Norfolk, Virginia-based company said it earned $552 million, or $1.93 per share, in the first quarter, but the volume increase led to slower rail traffic. That's…

(Adds details, estimates, shares) April 26 (Reuters) - Union Pacific Corp reported a better-than-expected quarterly profit on Thursday, as the No. 1 U.S. railroad gained from higher freight revenue. Overall freight revenue rose 6.8 percent in the first quarter, led by a 14.6 percent jump from its energy segment, the company said. Overall volumes, as…

April 26 (Reuters) - Union Pacific Corp reported a 22.2 percent rise in first-quarter profit on Thursday as the No. 1 U.S. railroad benefited from higher freight revenue. The Omaha, Nebraska-based company said net income rose to $1.31 billion, or $1.68 per share, in the latest quarter from $1.07 billion, or $1.32 per share, a…

Rail News: Federal Legislation & Regulation STB task force to hold informal meetings on rate review reforms USDOT creates BUILD grants to replace TIGER program Batory calls on public to help improve rail-crossing safety Chao signs MOU to shorten infrastructure project reviews, permitting NTSB: Fatigue led to fatal train crash in New Mexico Teamsters' rail…

Rail News Home Federal Legislation & Regulation 4/9/2018 Rail News: Federal Legislation & Regulation Ontario's high-speed rail project gets CA$11 billion boost The funding will come from the province's 2018 budget. Photo – Ontario's high-speed rail feasibility report The province of Ontario will invest more than CA$11 billion to build the first phase of a…

Rail News Home Federal Legislation & Regulation 4/11/2018 Rail News: Federal Legislation & Regulation House passes rail data security bills The U.S. House of Representatives yesterday passed two bipartisan railroad data and information security bills. One of the bills calls on the Federal Railroad Administration (FRA) to develop a plan and timeline to implement cybersecurity…