BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Daily Headlines
CN announces 20 percent increase in quarterly cash dividend
(Source: CN press release, January 26, 2016) MONTREAL — CN announced today that its Board of Directors has approved a 20 per cent increase in the Company's quarterly cash dividend. With this increase, CN's dividend on an annualized basis is C$1.50 per common share....
NS declares quarterly dividend
(Source: Norfolk Southern press release, January 26, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on March 10 to stockholders of record on Feb. 5. Since its...
Amtrak to test restoration of rail service lost since Katrina
(Source: The Hill, January 26, 2016) WASHINGTON, D.C. — Amtrak is planning to test the feasibility of restoring rail service on the Gulf Coast between New Orleans and Florida that has been dormant since Hurricane Katrina 10 years ago. Full story: The Hill
California lawmakers to scrutinize high-speed rail
(Source: Associated Press, January 27, 2016) SACRAMENTO, Calif. — A legislative committee is looking for answers on the status of California's $68 billion high-speed rail project. The rail project's CEO, the chairman of its board and the leader of an oversight...
BNSF to cut spending $1.5 billion as cargo slumps
(Source: Bloomberg, January 26, 2016) NEW YORK — BNSF Railway Co., the railroad owned by Warren Buffett’s Berkshire Hathaway Inc., plans to reduce capital expenditures for the first time in six years as railroads seek to rein in costs amid a freight slump. Full story:...
NC governor says Johnston County site not viable for CSX hub
(Source: News & Observer, January 26, 2016) RALEIGH, N.C. — Gov. Pat McCrory’s administration said late Tuesday that the Johnston County site where CSX wants to build a railroad hub “does not appear to be a viable option.” Full story: News & Observer
CP’s bid for NS worries W.Va. politicians
(Source: Herald-Dispatch, January 27, 2016) CHARLESTON, W.Va. — West Virginia's congressional delegation and others are speaking out against Canadian Pacific's hostile takeover bid for the Norfolk Southern railroad because they fear job losses and harm to a Wayne...
W.Va. Senator Manchin calls for hearing on CP’s takeover of NS
(Source: Press release from the office of Senator Joe Manchin, January 26, 2016) WASHINGTON, D.C. — At a press conference in Charleston, U.S. Senator Joe Manchin (D-WV) today announced that he is calling for an immediate Senate investigation into Canadian Pacific...
CN reports 15% increase in earnings during 4Q 2015
(Source: CN press release, January 26, 2016) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2015. Fourth-quarter 2015 financial highlights • Net income increased 11 per cent to C$941 million, while...
NS announces details of plan to reduce costs, drive profitability
(Source: Norfolk Southern press release, January 27, 2016) NORFOLK, Va. — Norfolk Southern today announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The Company’s projected expense reduction and...
