The Surface Transportation Board announced a public hearing to be held in Conejos, Colo., on a proposal by the San Luis and & Rio Grande Railroad to transfer onto railcars containers of contaminated dirt and debris from trucks originating at Los Alamos National Laboratory in New Mexico.
The Board has instituted a declaratory order proceeding to determine whether the Board’s jurisdiction [...]

NEW YORK – Amtrak president Joe Boardman participated in a roundtable discussion regarding high-speed rail in the Northeast Corridor hosted by House Transportation and Infrastructure Committee Chairman U.S. Representative John Mica.
Mr. Boardman made the following statement:
“It is critical for the Northeast Corridor to remain a public asset for the generations of Americans that are depending on our collective [...]

JACKSONVILLE, Fla. — CSX Corp. said its continued participation in Environmental Defense Fund’s (EDF) Climate Corps for 2011.  EDF Climate Corps places top MBA students in companies to develop practical, actionable energy efficiency plans that cut costs and greenhouse gas emissions.
As a result of its participation in the program last year, CSX and the company’s [...]

WASHINGTON — National Transportation Safety Board Chairman Deborah A. P. Hersman said accident investigations highlight the need for a new perspective on safety culture, record-keeping and aging infrastructure.
In a speech to the audience at the Transportation Research Board (TRB) conference, Hersman discussed four investigations across all modes of transportation. She highlighted several accidents that claimed the lives of dozens and [...]

CALGARY — Canadian Pacific Railway announced its fourth-quarter and full-year 2010 results, and revenue in the fourth-quarter increased 13 percent with gains across all lines of business.
Reported net income in the fourth-quarter was $186 million, an increase of 27 per cent and diluted earnings per share was $1.09 for the quarter and $3.85 for the [...]

JACKSONVILLE, Fla. – CSX Corp. will invest $2 billion to increase the quality, flexibility and capacity of its rail network, the company announced as part of its quarterly and full-year earnings report. That’s on top of the $1.8 billion the company invested in 2010, a year in which operating income was $3.1 billion.
“CSX believes in the ability of the [...]

Norfolk Southern Corp. reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31 percent higher compared with $307 million, or $0.82 per diluted share, for the same quarter of 2009.
Fourth-quarter 2010 results benefited from a $34 million, or $0.09 per diluted share, change in estimate affecting deferred income taxes.
Net income for 2010 was $1.5 billion, or $4.00 per diluted [...]

NORFOLK, Va. — Norfolk Southern Corp. said its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 11 percent, or 4 cents per share, from 36 to 40 cents per share.
The increased dividend is payable on March 10 to stockholders of record on Feb. 4.

MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2010.
Fourth-quarter and full-year 2010 highlights
– Net income for the final quarter of 2010 was C$503 million, or C$1.08 per diluted share, versus fourth-quarter 2009 net income of C$582 million or C$1.23 per diluted share.
– Q4-2010 net income increased by [...]

MONTREAL — CN announced that its Board of Directors has authorized a normal-course-issuer bid to purchase, for cancellation, up to 16.5 million, or 3.6 per cent, of the common shares issued and outstanding of the Company on Jan. 17, 2011. Approximately 459.6 million CN common shares were issued and outstanding on that date.
The price to be [...]