(Adds comment, details from quarterly results) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. Results easily topped analyst forecasts. Underwriting profit at the…
Posts published in “Uncategorized”
(Recasts first paragraph, adds financial details throughout) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance…
Rail News Home Federal Legislation & Regulation 8/2/2018 Rail News: Federal Legislation & Regulation Senate OKs $16.1 billion for transit, passenger rail The Senate Appropriations Committee Room Photo – U.S. Senate Photo Studio The U.S. Senate yesterday approved a fiscal-year 2019 appropriations bill that provides $16.1 billion for public transit and intercity passenger rail.The Transportation,…
Rail News Home Federal Legislation & Regulation 8/1/2018 Rail News: Federal Legislation & Regulation Transport Canada awards funds for Central Manitoba Railway project Minister of Transport Marc Garneau Photo – Transport Canada Transport Canada yesterday announced CA$5.6 million in government funding for a rail infrastructure project at the Central Manitoba Railway's Pine Falls subdivision.The project…
ScotRail announces mobile ticketing pilot 30 Jul 2018 UK: ScotRail is to launch a mobile ticketing pilot scheme which will enable passengers to buy, store and use tickets directly from a smartphone app, removing the need for paper tickets or smart cards. Developed by the Nevis Technologies joint venture of transport authority Strathclyde Partnership for…
Rail News Home Federal Legislation & Regulation 7/26/2018 Rail News: Federal Legislation & Regulation Feds: CSX to pay $2.2 million in penalties for derailment, oil spill A National Transportation Safety Board (NTSB) photo of the derailment site. Photo – ntsb.gov The federal government and state of West Virginia this week announced a proposed settlement that…
Rail News Home Federal Legislation & Regulation 7/26/2018 Rail News: Federal Legislation & Regulation Report: Short lines contribute significantly to U.S. economy The regional and short-line rail industry added billions of dollars in value to the U.S. economy in 2016, according to an economic impact report released today by the American Short Line and Regional…
The city’s streetcar contract calls for the vehicles to be 65 feet to 75.5 feet in length versus the existing 66-foot streetcars. Photo – seattlestreetcar.org…
OMAHA, Neb. (AP) — Norfolk Southern's second-quarter profit raced ahead 43 percent as the railroad handled 6 percent more freight. The company said Wednesday that it earned $710 million, or $2.50 per share, in the quarter. That's up from $497 million net income, or $1.71 per share a year ago. The results surpassed the $2.31…
(Adds comments from conference call) July 24 (Reuters) - Canadian National Railway Co on Tuesday reported a better-than-expected quarterly profit and raised its forecast for full-year adjusted earnings as the railroad moved higher volumes of commodities including grains and fertilizers at better pricing. Canada's largest railroad expects to move higher volumes in the second half…