August 28, 2016

CN Rail trestle bridge burns to ground in Mayerthorpe, Alta.

CBC News reported that a CN Rail trestle bridge was destroyed by fire in Mayerthorpe, Alta; and that the fire may have been purposely set. Read the entire story here.

Class I’s announce 2016 first quarter financial results

CSX Corporation announced declining financial results for the first quarter 2016. Net earnings for the railroad decreased to $356 million or $0.37 per share, down from first quarter 2015 reported net earnings of $442 million or $0.45 per share. “As we managed through the impact of the continued coal decline and other market forces during […]

Class I’s release fourth quarter and annual earnings

CSX Corporation announced a solid fourth quarter and full-year financial performance for 2015. The railroad announced declines for the fourth quarter and mixed financial results for the full year. CSX reported in a press conference that net earnings declined five percent to $466 million or $0.48 per share (down two percent), down from last year’s […]

Class I railroads announce third quarter 2015 earnings

In a press release Oct. 14, 2015, CSX announced record financial results for the third quarter of 2015. Net earnings for the railroad came in at $507 million for the quarter, compared to the $509 million for the same period last year, which translates into a third quarter record of $0.52 per share, as compared […]

Ryan Edwards dies in CN switching accident

Ryan D. Edwards, 27, of Schererville, Ind. was fatally injured July 25 while performing switching operations at Canadian National Markham Yard in Homewood, Ill. Edwards (Local 1299 of Schererville, Ind.) hired out in August of 2011. Throughout his carer with the railroad, Edwards worked as an intermodal operator at BNSF and as a freight train […]

Second quarter financial results in for Class I railroads

CSX Corporation announced all-time record quarterly financial results for the second quarter of 2015. Operating income for the railroad came in at more than $1 billion for the first time in company history. The railroad also saw an all-time record in operating ratio of 68.8 percent. Net earnings came in at $553 million or an […]

Wooden rail bridge burns, collapses in Minnesota

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

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

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 […]