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NEW YORK (TheStreet) -- Rail stocks have been climbing with the broader equities Tuesday, as stronger-than-expected consumer confidence numbers were released by the Conference Board.

The Conference Board said the consumer confidence number for August was 53.5, higher than the average economist prediction of 50.5 and calming worries about a double-dip recession.

Kansas City Southern

(KSU) - Get Kansas City Southern Report

was rising by 3.3% to $33.93.

The company recently announced the promotions of Mark Redd from general manager of the southwest division to vice president transportation for the Kansas City Southern Railway network and Morris Godwin from assistant vice president to vice president of the company's intermodal and automotive operations.


(CSX) - Get CSX Corporation Report

was jumping by 2.1% to $50.14. The company recently announced that its subsidiary, CSX Transportation has entered into a rail security partnership with the State of Alabama.

Oscar Munoz, the company's CFO will be addressing the Dahlman Rose & Co. Global Transportation Conference in New York City on Sept. 8, 2010, at 8:45 a.m. eastern time.


Genesee & Wyoming

(GWR) - Get Genesee & Wyoming, Inc. Class A Report

stock was jumping by 2.6% to $39.29 and

Union Pacific

(UNP) - Get Union Pacific Corporation Report

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was rising by 1.4% to $73.33.

-- Written by Andrea Tse in New York.

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