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Daily Headlines
Earnings preview: Union Pacific Railroad 3Q 2012
(Source: Forbes, October 15, 2012) NEW YORK — Expectations have dropped for Union Pacific‘s (UNP) third quarter results in the month leading up to the company’s earnings announcement slated for Thursday, October 18, 2012. The consensus analyst estimate has dropped...
NJ Transit still paying price for canceled Hudson River rail tunnel
(Source: The Star-Ledger, October 16, 2012) NEWARK, N.J. — NJ Transit doesn’t have much to show for it, but the agency is still paying out millions of dollars in closing costs for the aborted plan to dig a commuter rail tunnel to Manhattan. Full story: The...
Texas begins two-year study of need for rail service to Oklahoma
(Source: Associated Press, October 16, 2012) AUSTIN — Texas transportation officials have begun a study into whether high-speed rail from Oklahoma City to San Antonio could relieve traffic congestion on Interstate 35. Full story: Dallas Morning News
Kansas City Southern reaches 125th anniversary in good stead
(Source: Progressive Railroading magazine, October 16, 2012) In the past 125 years, Kansas City Southern leaders have made a number of important decisions that helped the Class I survive and thrive. But the ones made at night by two former top executives might have...
Hunter Harrison shuffles team at CP Rail in quest for speed
(Source: Bloomberg News, October 15, 2012) NEW YORK — Hunter Harrison is following through on his pledge to instill a “sense of urgency” and “speed things up” at North America’s least-efficient major railroad. In the past month, Canadian Pacific Railway Ltd. (CP)’s...
Canadian Auto Workers, CEP join forces to create Canadian mega-union
Canadian Auto Workers, CEP join forces to create Canadian mega-union (Source: Canadian Press, October 15, 2012) OTTAWA — A second union approved plans to create Canada’s biggest private sector union in a vote on Monday, promising to revitalize the labor movement with...
Koch brothers are warning their workers to vote for Romney — or else
(Source: Teamster Nation, October 15, 2012) Just when you thought corporations couldn't have any more control over their workers, you learn billionaire CEOs are threatening their employees with layoffs if they don't vote for Mitt Romney. The Koch brothers, through the...
Opinion: Death by ideology
(Source: New York Times, October 15, 2012) NEW YORK — Mitt Romney doesn’t see dead people. But that’s only because he doesn’t want to see them; if he did, he’d have to acknowledge the ugly reality of what will happen if he and Paul Ryan get their way on health care....
Railroad stocks up at close of October 12 trading
(Source: Associated Press, October 12, 2012) NEW YORK — Shares of some top railroad companies were up at the close of the close of trading on October 12, including CSX, which rose 0.7 percent, and Kansas City Southern, which rose 1.0 percent. Full story: CBS News
Union Pacific to make Nebraska infrastructure improvements
(Source: Union Pacific Railroad press release, October 10, 2012) OMAHA, NEB. — Union Pacific Railroad is enhancing Nebraska's transportation infrastructure by investing more than $29 million in the rail line that runs between Grand Island and Havens. The project is in...
