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Daily Headlines
Mexico’s NAFTA officer hopes ‘cooler heads prevail’ in trade talks with U.S.
(Source: Kansas City Star, April 19, 2017) KANSAS CITY, Mo. — Present at NAFTA’s negotiation more than a quarter century ago, Kevin Smith Ramos stopped in Kansas City on Wednesday to plead for free trade’s survival. Full story: Kansas City Star
CSX making changes at Hamlet yard
(Source: Richmond County Daily Journal, April 19, 2017) HAMLET, N.C. — Changes are coming to the CSX Transportation yard in Richmond County — but the company is being vague on what those will be. Full story: Richmond County Daily Journal
CSX announces dividend increase, new share repurchase program and full-year guidance
(Source: CSX press release, April 20, 2017) JACKSONVILLE, Fla. — CSX Corporation today announced an 11 percent increase in its quarterly dividend, a new $1 billion share repurchase program, and strong financial guidance as it applies the Precision Scheduled...
Steelworkers ratify 5-year pact with CP Rail
(Source: Canadian Pacific press release, April 19, 2017) CALGARY, Alberta — Canadian Pacific and the United Steelworkers (USW) Local 1976 today announced that a five-year labour agreement covering approximately 600 administrative support and intermodal employees in...
Amtrak’s top man on the power and problems of East Coast rail
(Source: Philadelphia Inquirer, April 19, 2017) PHILADELPHIA — Wick Moorman, who took Amtrak’s chief executive job in September, toured the East Coast on Tuesday, offering reporters rides on a custom car to sell the possibilities of Amtrak’s future — more capacity,...
CSX CEO says higher profits to come
(Source: Reuters, April 19, 2017) CHICAGO — No. 3 U.S. railroad CSX Corp. on Wednesday reported a better-than-expected quarterly net profit driven by rising freight volumes across most of the markets it covers and said it plans to cut costs and boost profitability...
As commuter rail problems persist, Gov. Christie mum on tunnel project he axed
(Source: Associated Press, April 19, 2017) NEW YORK — Recent train disruptions in New York that caused cascading delays between Boston and Washington, D.C., have refocused attention on a multibillion-dollar tunnel project that could have ameliorated future problems if...
CP reports 1Q 2017 results
(Source: Canadian Pacific press release, April 19, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced first-quarter revenues of C$1.6 billion, up 1 percent from 2016 and reported diluted earnings per share (EPS) of $2.93, or $2.50 on an adjusted...
CSX announces 1Q 2017 earnings
(Source: CSX press release, April 19, 2017) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter 2017 net earnings of $362 million, or $0.39 per share, up from $356 million, or $0.37 per share, in the same period of last year. Excluding a $173 million...
In coffee deal, Amtrak now runs on Dunkin’
(Source: Boston Business Journal, April 18, 2017) BOSTON — Amtrak and Canton-based Dunkin’ Donuts is expected to announce on Wednesday that they would offer Dunkin' coffee on board Amtrak Acela Express high-speed trains throughout the Northeast Corridor. Full story:...
