Latest Transportation in North America Stories

MONTREAL, Jan. 29, 2013 /PRNewswire/ - Luc Jobin, executive vice-president and chief financial officer of CN (TSX: CNR) (NYSE: CNI), will address two investor conferences in mid-February 2013: -- Stifel Nicolaus Transportation and Logistics Conference on Feb. 13 in Key Biscayne, Fla., starting at 8.30 a.m. Eastern Time (ET); -- 28th Annual BB&T Capital Markets Transportation Conference on Feb. 14, in Coral Gables, Fla.,...

NORFOLK, Va., Jan. 29, 2013 /PRNewswire/ -- The Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corporation (NYSE: NSC), awarded $7 million in grants to nonprofit charitable organizations during 2012, a 13 percent increase over 2011. The NS Foundation supports programs to help nonprofit organizations in providing food, shelter, and medical care to those in need; expanding educational opportunities for children; preserving the environment; and...

JACKSONVILLE, Fla., Jan. 25, 2013 /PRNewswire/ -- CSX Corporation (CSX) and its transportation and intermodal terminals subsidiaries today announced an expansion of the company's intermodal presence in the greater Montreal region and Quebec. CSX's intermodal terminals subsidiary will build a new 36-hectare (89-acre) intermodal rail terminal in the City of Salaberry-de-Valleyfield in Quebec, connecting the region with CSX Transportation's (CSXT) 34,000 kilometer (21,000-mile) rail...

NORFOLK, Va., Jan. 23, 2013 /PRNewswire/ -- Jerry W. Hall has been named vice president intermodal operations to succeed Robert E. Huffman, who is retiring Feb. 1. (Photo: http://photos.prnewswire.com/prnh/20130123/PH47454-a ) (Photo: http://photos.prnewswire.com/prnh/20130123/PH47454-b ) Hall, a civil engineering graduate of the University of Alabama, joined Norfolk Southern as a management trainee in Hattiesburg, Miss., and progressed through numerous positions in Norfolk...

JACKSONVILLE, Fla., Jan. 23, 2013 /PRNewswire/ -- CSX Corporation (NYSE: CSX) today announced that it plans to invest approximately $2.3 billion in its business in 2013. The investments will support initiatives to help meet the nation's long-term demand for freight rail, improve customer service and further the company's plans for long-term profitable growth. "The continued strong investment in CSX is a clear reflection of our desire to bring lasting transportation solutions to...

JACKSONVILLE, Fla., Jan. 22, 2013 /PRNewswire/ -- CSX Corporation (NYSE: CSX) today reported fourth quarter 2012 net earnings of $443 million, or $0.43 cents per share, compared to $457 million, or $0.43 cents per share, in the prior same period. For the full year 2012, net earnings were $1.9 billion, or $1.79 per share, up from $1.8 billion, or $1.67 per share, in 2011. For both the fourth quarter and the full year, the EPS performances reflected shares repurchased in 2012. "CSX...

NORFOLK, Va., Jan. 22, 2013 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 50 cents per share on its common stock, payable on March 11, to stockholders of record on Feb. 1. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 122 consecutive quarters. Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates...

MONTREAL, Jan. 22, 2013 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 15 per cent increase in the Company's quarterly cash dividend. A quarterly dividend of forty-three cents (C$0.43) per common share will be paid on March 28, 2013, to shareholders of record at the close of business on March 7, 2013. Luc Jobin, CN executive vice-president and chief financial officer, said: "We are pleased to reward our shareholders with...

CALGARY, Jan. 21, 2013 /PRNewswire/ - Jane O'Hagan Executive Vice President and Chief Marketing Officer, Canadian Pacific (TSX: CP) (NYSE: CP) will address: February 12, 2013 - Stifel Nicolaus Transportation and Logistics Conference 2013 at 8:30 a.m. Eastern time at The Ritz Carlton, Key Biscayne, Florida. February 13, 2013  - BB&T Capital Markets 28th Annual Transportation Services Conference at 11:30 a.m. Eastern time at The Biltmore Hotel, Miami-Coral Gables, Florida....

JACKSONVILLE, Fla., Jan. 21, 2013 /PRNewswire/ -- CSX today announced a major track capacity expansion on its premier River Line between northern New Jersey and the Albany, N.Y., region. The $26 million project, with plans for additional River Line capacity expansion in future years, will enable CSX to handle more trains and support the growth of crude oil moving by rail, intermodal shipments, automobiles and other businesses while maintaining strong service performance. A total of...