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July 2005 |
Second Quarter Earnings | |
| In This
Issue: 2nd Quarter Earnings UP NS CPR BNSF CN CSXT KCS Strong Demand for Coal Continues Peak Season Plans Released Grain Rates Contested in Montana Collisions Blamed on Industry Growth
Contact Us: RailForce, Inc.
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Strong demand across the
railroad industry propelled several Class 1 railroads to record breaking earnings
for the second quarter of 2005.
Norfolk Southern and BNSF reported record breaking net income. CSX reported strong gains in income and record breaking income from Surface Transportion. UP is capitalizing on some improvements in operating efficiency and reports their first year-over- year operating income growth in six quarters. They also report two of the Railroad's three key operating metrics improved in the second quarter of 2005 versus the second quarter of 2004. Average terminal dwell time and rail car inventory improved while average quarterly train speed fell slightly, from 21.3 mph to 21.2 mph. The Canadian railroads also report strong earnings and continued solid operational performance, prompting CN to increase its full year 2005 earnings outlook. The complete reports can be accessed below: |
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The Tech Corner We all know that we should not open attachments in e-mails from an unknown source. But would you open an unexpected attachment in an e-mail from someone you know? Please don't. Spammers are lifting e-mail addresses from companies with websites and using them to send viruses and spam. They are hoping you will open an e-mail if comes from a name you trust. Before opening the e-mail, see if the subject makes sense. "Your account has been suspended" is one example. This doesn't make sense coming from a company that prints your business cards. If you do open the e-mail, and the text does not make sense, is too vague, or is gibberish, do not open any attachments without verifying that it is a legitimate e-mail. At RailForce, Inc., we will never send you an attachment by e-mail that you are not expecting. Our newsletter will always have the current date and "RailForce News" in the subject. If you ever have any questions about the legitimacy of an e-mail, report it to us: webmaster@railforce.com
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Strong Coal Demand Expected to Continue | |
| Railroads can
expect to see a continued strong demand for coal shipment. The US coal
industry is expecting a stable, increasing demand for coal for some time
to come. The state of the coal industry and the effects of the rising
demand for coal were debated at the National Coal show in June. More...
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| Surface Transportation Board Releases Fall Peak Service Plans | ||
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The Surface Transportation Board has publicly released
the Class I railroads' "fall peak" service plans. Chairman Nober wrote to
the Presidents of each Class I railroad, and to the American Short Line
and Regional Railroad Association (ASLRRA), on June 16, 2005 asking them
to inform the Board of their plans to meet this fall's expected increase
in demand for rail transportation.
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| Grain Rates Contested in Montana | ||
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BNSF has
increased shipping rates for grain elevators serving 52-car trains,
effective in August. This move leaves Montana officials concerned that
52-car facilities in the state of Montana may be forced out of business
and increase costs to farmers. More...
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| Collisions Blamed on Industry
Growth In response to two head-on collisions in
Mississippi in the last month, The Clarion-Ledger, a Mississippi newspaper
published an article suggesting that an increase in rail business may come
with an increase in accidents.
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We Want To Hear
From You Has this newsletter been helpful? Are there more topics that you would like to see covered? We are here to serve the railroad community, so send us your ideas, concerns or suggestions. |
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