July 31, 2015

Union criticizes cuts in railroad maintenance crews

BISMARCK, N.D. – The union representing maintenance workers says cuts by Canadian Pacific Railway could exacerbate delays in rail shipping in the region. The International Brotherhood of Teamsters says CP has eliminated or moved some workers who build and maintain tracks, right of ways, buildings and bridges for the railroad. Read more from KFGO.

Bid report boosts CSX stock, but deal seen as remote

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Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday (Oct. 13) following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd (CP.TO), but analysts said any such deal would face significant regulatory and other hurdles. “You could make the argument that there is not much overlap between [...]

Class I railroads release 3rd quarter earnings

CSX Corporation announced Oct. 15 that they had net earnings of $463 million or $.046 per share for the third quarter of 2013. Earnings for the same quarter last year were $455 million or $.44 per share. Earnings are up by $8 million over last year, but down $72 million from the second quarter of [...]