July 1, 2015

Wooden rail bridge burns, collapses in Minnesota

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INTERNATIONAL FALLS, Minn. (AP) — An old wooden railroad bridge near Minnesota’s northern border burned and collapsed early Wednesday, shutting a busy train route that connects the Pacific Coast with Chicago. The bridge in Koochiching County belongs to Canadian National Railway. It carried more than 20 trains over the Rat Root River daily until it [...]

Class I railroads release 1st quarter 2015 earnings

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CSX Corporation announced increases in its first quarter earnings April 14. Net earnings for the first quarter of 2015 came in at $442 million, an 11 percent increase over the $398 million reported for the same quarter of 2014. The company announced a 13 percent increase of earnings per share to $0.45 over last year’s [...]

CN/GTW members ratify retroactive agreement

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SMART Transportation Division-represented conductors and trainmen employed by the Canadian National/Grand Trunk Western Railroad unanimously ratified a new six-year agreement March 17, Vice President Doyle Turner reports. The agreement provides for six annual wage increases retroactive to Aug. 1, 2010, with the final wage increase to be effective Aug. 1, 2015, totaling 18.6 percent and [...]

Class I railroads release 4th quarter, annual earnings

In a press release Jan. 13, CSX announced record fourth-quarter and full-year financial results for revenue, operating income, net earnings and earnings per share. Net earnings for the railroad saw a 15 percent increase from $426 million from the same quarter last year to $491 million for the fourth quarter of 2014. Revenue for the [...]

Canada rails add workers, engines to halt winter woes

Canada’s two biggest railroads aren’t letting winter go unchallenged. Canadian National Railway Co. (CNR) is strengthening its network, increasing employees and engines to keep trains running smoothly prevent another winter of icy and prevent another winter of profit-sapping gridlock. Canadian Pacific Railway Ltd. (CP) is putting additional staff on standby, redeploying some equipment to “strategic” [...]

Canadian rails fight new rules to prevent crew fatigue

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Canada’s major freight rail companies are fighting moves by the federal transportation regulator to curb “extreme fatigue” among railway engineers, a CBC News investigation has found. CN Rail, CP and the Railway Association of Canada went on the attack two weeks ago at a “tense and heated” meeting of industry, union and government representatives, according [...]

Class I railroads announce third quarter results

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In a press release Oct. 14, CSX announced record third quarter profits. The railroad said that operating income increased 16 percent and operating ratio improved 220 points. Operating income came in at $976 million with an operating ratio of 69.7 percent. CSX also saw volume increases of seven percent. Revenue increased to $3.2 billion, eight [...]

CN opens state-of-the-art employee training facility

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HOMEWOOD, Ill. – Canadian National Railway Company  Oct. 14 officially opened its new employee training center in suburban Chicago. The 55,000-square-foot facility will host up to 250 CN students from across the United States every week, with hands-on training for all key railway jobs. Claude Mongeau, CN president and chief executive officer, said: “The opening of [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced record second quarter results with earnings coming in at $529 million or $0.53 per share. The second quarter of 2013 only saw $521 million or $0.51 per share. Revenue increased this quarter by seven percent to an all-time record of $3.2 billion. On the same token, the railroad saw record operating income [...]

Feds order BNSF, CN to report on grain progress

U.S. railroad regulators have ordered BNSF Railway and Canadian Pacific Railway to hasten shipments of grain from a backlog that has frustrated farmers and people who run grain elevators. The Surface Transportation Board, in a decision late Friday, required the two railroads to publicly disclose every week plans to address the delays, which have forced [...]