OMAHA, Neb. — Union Pacific Corporation reported record 2008 second quarter net income of $531 million, or $1.02 per diluted share, compared to $446 million, or $.82 per diluted share in the second quarter of 2007.
“We achieved a record second quarter in the face of rising fuel costs and an estimated 5 cents earning reduction [...]

ATLANTA – A clean and historic break with the past is needed to encourage the future vitality of our country’s transportation network, said U.S. Transportation Secretary Mary E. Peters, who unveiled the Bush Administration’s new plan to refocus, reform and renew the national approach to highway and transit systems in America.
“Without a doubt, our federal [...]

JACKSONVILLE, Fla. — CSX Transportation announced that Mike Smith, assistant vice president — crew management, has been appointed vice president — network operations, replacing Jim Snyder, who officially retires Aug. 1.
“This change recognizes the significant contributions that Mike has made to our Operations team and the leadership he has provided,” said Tony Ingram, executive vice [...]

WASHINGTON — Five federally-designated high-speed rail corridors in California, Louisiana, Minnesota, Mississippi, North Carolina, Texas, and Wisconsin will share $5,640,174 in federal grant funding to make safety improvements at approximately 25 highway-rail grade crossings.
The funds will support the installation of grade crossing warning lights and gates, the closure of crossings, and other engineering solutions to [...]

WASHINGTON — The Federal Railroad Administration (FRA) has awarded a grant totaling $231,802 to the University of California at San Diego to refine hardware and software for new technology that uses laser ultrasonic probes to detect certain internal rail defects.
The improvements will permit an on-track vehicle carrying the system to operate at speeds up to [...]

NORFOLK, Va. — Norfolk Southern Railway Co. says it strongly disagrees with the National Transportation Safety Board’s determination of probable cause contained in its Accident Report released today for the New Brighton, Pa., derailment.
The NTSB found that an Oct. 20, 2006, derailment was caused by an “inadequate rail inspection and maintenance program,” and contributing to [...]

JACKSONVILLE, Fla. — CSX Corp. announced that its Board of Directors has invited John D. McPherson and TCI Group nominees Gilbert H. Lamphere and Alexandre Behring to join the Board immediately.
These individuals would replace Southwood J. Morcott, Robert D. Kunisch and Elizabeth E. Bailey, each of whom has resigned effective upon his or her replacement [...]

NORFOLK, Va. — For the second quarter of 2008, Norfolk Southern Corp. reported record net income of $453 million, or $1.18 per diluted share, compared with $394 million, or $0.98 per diluted share, for the same period of 2007.
Second-quarter railway operating revenues were a record $2.8 billion, up 16 percent compared with the second quarter [...]

WASHINGTON — Deputy Secretary of Transportation Vice Admiral Thomas J. Barrett announced a $1.015 million grant to continue federal support of public education efforts to reduce collisions between trains and motor vehicles at highway-rail grade crossings and discourage illegal trespassing along railroad rights of way.
“Most rail-related deaths are preventable, and the far-reaching educational outreach efforts [...]

JACKSONVILLE, Fla. — CSX Corp. the following statement in response to a letter sent by the TCI Group to the CSX Board of Directors, making three points:

“First, vote counts in contested elections always take time. The time period for this review is not unusual. The value of the process has been proved in the fact [...]