U S Railroad News 2010-10-22 07:01:00

Rail Traffic Continues To Show ImprovementDaily MarketsWASHINGTON, DC – Oct. 21, 2010 – “The Association of American Railroads (AAR) today reported that weekly rail traffic continues to show improvement over …

Illinois state money to help fund railcar plantBusinessWeekThe project will build a 400000-square-foot railcar facility 20 miles south of Rockford, in Rochelle. It’s expected to create around 250 new jobs. …

Rail Traffic Continues To Chug Along (NSC, CSX, UNP)BenzingaUnion Pacific (NYSE: UNP) reported better than expected numbers this morning, and we saw it last week from CSX (NYSE: CSX). I would expect Norfolk Southern …

BNSF may transfer employees to BarstowDesert DispatchBy JESSICA CEJNAR, staff writer BARSTOW • BNSF employees working in Bakersfield may have to move closer to Barstow as part of an effort to increase …

Union Pacific Posts Record Profit – Zacks.comBy Zacks Equity ResearchThe U.S. railroad giant Union Pacific Corp. (UNP – Analyst Report) reported excellent results for the third quarter of 2010. Quarterly net income was a record high $778 million or $1.56 per share compared to a net income of $514 million …

US port gets $16 million government fund for rail projectportworldThe project will see the construction and linkage of an on-dock rail system linking the port of Los Angeles to several national short-line railroad networks …

KDOT to improve rail freight serviceBizjournals.comCherryvale Locomotive Shop – The improvement creates a permanent mechanical shop at the new Cherryvale Yard location to provide inspections, …

NS Draws Lines Between Rail Shipping And Smart BusinessMediaPost Publications (blog)Norfolk Southern Corp. railroad is going to begin advertising to raise awareness of the brand and the benefits of rail shipping. …

Railroad intends to expand freight service in Sauk CountySauk Prairie EagleIn the last 10 years, the Wisconsin & Southern Railroad has received almost $40 million in grants from the state of Wisconsin for track improvements and …

U.S. Development Group to Unveil New St. James Rail TerminalBusiness Wire (press release)US Development Group is the industry leader in unit rail facility development for product distribution. For more information, go to www.us-dev.com.

VRE buys new locomotivesWashington Post (blog)Virginia Railway Express has purchased its last new locomotive, which completes the commuter rail service’s effort to update its aging equipment. …

Watco awarded federal grant for rail improvementsPittsburg Morning Sun… Transportation Investments Generating Economic Recovery II (TIGER II) grant to help fund its Great Plains Freight Rail Service Improvement Project. …

Madison to get $950000 for rail station plan and designMadison.comThe Madison railroad station project was one of 33 projects awarded planning grants, with 42 construction projects also getting funded. …