NS first-quarter profit leaps 26 percent

Norfolk Southern reported a 26 percent increase in profit for first quarter 2011 versus first quarter 2010. This follows a 45 jump in NS profit for calendar-year 2010. NS CEO Wick Moorman said the railroad intends to add some 1,100 new workers during 2011, returning employmen [...]

Calif. Amtrak routes gain $100 million from FRA

California’s Amtrak-operated Pacific Surfliner and San Joaquin routes are due for an equipment upgrade following a Federal Railroad Administration $100 million direct grant to the California DOT (Caltrans). Amtrak operates the routes under contract to Caltrans. The mone [...]

CN reports 31% profit improvement for 1Q

Notwithstanding severe winter weather that caused rival Canadian Pacific’s profit to plunge 67 percent, Canadian National reported a 31 percent increase in first quarter 2011 profit versus first quarter 2010. This comes following a 19 percent increase in CN profit for c [...]