Wednesday, January 26, 2011

Railroads Post Big Profit Increases, Resume Hiring


(Wall Street Journal) The largest North American railroads hauled more of most everything in the fourth quarter, spurring new hiring and a return to service of more of the locomotives and rail cars that were idled during the recession.
On Tuesday, Norfolk Southern Corp. said its fourth quarter profit rose 31%. Several companies, including CSX Corp. and Union Pacific Corp., said business is so good they are rehiring more laid off workers and even adding new staff as imports of consumer goods pick up and exports of coal, metals and grains rise. Continued

No comments:

Post a Comment