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Daily Headlines
CSX Corporation declares quarterly dividend
(Source: CSX press release, October 3, 20212) JACKSONVILLE, Fla. — On October 3, the board of directors of CSX Corporation approved a $0.14 per share quarterly dividend on the company’s common stock. The dividend is payable on December 14, 2012, to shareholders of...
Trucker unable to explain crash into Amtrak train
(Source: Associated Press, October 3, 2012) HANFORD, Calif. — A trucker is unable to explain why he drove his big-rig through a flashing crossing gate and struck an Amtrak train in a California farming community. Full story: San Jose Mercury News
Union Pacific’s Santa Teresa site now in construction phase
(Source: Albuquerque Journal, October 3, 2012) ALBUQUERQUE, N.M. — Union Pacific Railroad’s construction of its $400 million “inland port” rail facility at Santa Teresa is shifting from a massive earth-moving project to a massive asphalt and concrete pour on 2,200...
Vote on $205 million MARC contract delayed
(Source: Baltimore Sun, October 3, 2012) BALTIMORE, Md. — The state Board of Public Works delayed action Wednesday on a $205 million contract under which a Canadian-based company would replace CSX Transportation as the operator of the MARC Camden and Brunswick rail...
No joy on Wall Street as biggest banks earn $63 billion
(Source: Bloomberg News, October 3, 2012) NEW YORK — Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43 months, the country’s biggest banks are...
Paul Ryan to Fox News: ‘I don’t have the time’ to explain how we will pay for our tax plan
(Source: Think Progress, September 30, 2012) For much of the general election, the Romney campaign has avoided any discussion of specifics, especially when it comes to the tax plan that he and Paul Ryan have put forward. On Fox News Sunday, host Chris Wallace gave...
Railroad stocks mixed at close of October 2 trading
(Source: Associated Press, October 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 2, including Canadian Pacific Railway, which rose 17 percent, and Kansas City Southern, which fell 0.9 percent. Full story: CBS...
Canadian Pacific Railway to announce 3Q 2012 results on October 24
(Source: Canadian Pacific Railway press release, October 2, 2012) CALGARY, Alberta — Canadian Pacific will release its third-quarter financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on Wednesday, October 24, 2012. CP will discuss its...
Amtrak introduces Android app for train riders
(Source: Sacramento Bee, October 3, 2012) SACRAMENTO, Calif. — Android users can now book tickets and check train status on their smart phones with a new Amtrak phone application, officials said this week. The Amtrak app allows travelers to show conductors an eTicket...
Berkshire Hathaway to sell railroads it didn’t know it owned
(Source: Omaha World-Herald, October 3, 2012) OMAHA, Neb. — Warren Buffett’s Omaha-based company said in a letter last month to the Surface Transportation Board that its BNSF deal should have been subjected to the board’s scrutiny because two Berkshire subsidiaries...
