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Railway shipper to cut 160-170 jobs in Fort Wayne this year

2015-09-21 01:41:31| Railroads - Topix.net

Norfolk Southern Corp. has announced plans to cut 160 to 170 jobs by the end of the year at its Triple Crown Services subsidiary in Fort Wayne. The Journal Gazette reports a notice the company filed with the state says the Fort Wayne jobs are among 193 the railroad plans to eliminate at the subsidiary in Indiana and other states on or after Nov. 17. Triple Crown President Jim Newton said Friday that the company uses specialized equipment called the RoadRailer to ship freight for customers.

Tags: year jobs cut fort

China Railway and XpressWest to form JV for Nevada-California interstate HSR system

2015-09-21 01:00:00| Railway Technology

China Railway International USA and US railway consortium XpressWest have agreed to launch a joint venture (JV) to build and operate the first high-speed railway (HSR) project in the US.

Tags: system form china railway

Canadian National Railway Update

2015-09-19 20:31:19| Railroads - Topix.net

The CFO of Canadian National Railway was in Boston and Montreal giving a presentation. These are our notes on his two presentations.

Tags: national update canadian railway

$2.04 EPS Expected for Canadian Pacific Railway Limited This Quarter

2015-09-18 18:32:54| Railroads - Topix.net

Analysts predict that Canadian Pacific Railway Limited will post $2.04 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Canadian Pacific Railway Limited's earnings, with the lowest EPS estimate coming in at $1.85 and the highest estimate coming in at $2.13.

Tags: limited expected pacific canadian