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Filed in Class I Railroad

Wednesday, July 25, 2012

The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.

Thursday, October 28, 2010

As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.
Posted on 10/28 at 09:55 AM
NewsIntermodalNorfolk SouthernCarloadClass I RailroadTony HatchWick MoormanPermalink


Wednesday, September 15, 2010

Earlier today, Senator John D. (Jay) Rockefeller (D-WV) released a report entitled “The Current Financial State of the Class I Freight Rail Industry,” which takes Class I railroads to task for what he described as earning record profit margins at the expense of shipper customers.
Posted on 09/15 at 02:07 PM
NewsAARClass I RailroadJay RockefellerPermalink


Thursday, September 02, 2010

Class I railroad carrier Norfolk Southern (NS) said it has rolled out a five year goal to reduce its carbon footprint through fuel-savings technology and improvements in operating efficiencies, as well as lower its greenhouse gas emissions per revenue ton-mile 10 percent by 2014 compared with 2009 emissions.
Posted on 09/02 at 11:43 AM
NewsNorfolk SouthernClass I RailroadGHGPermalink


Monday, August 23, 2010

Class I railroad carrier Norfolk Southern recently announced it has eliminated what it described as a critical choke point on its Crescent Corridor initiative with a reconfigured rail junction near Front Royal, Virginia.
Posted on 08/23 at 08:54 AM
NewsNorfolk SouthernCrescent CorridorClass I RailroadPermalink


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