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Daily Headlines
Railroad stocks mixed at close of June 19, trading
(Source: Associated Press, June 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on June 19, including CP Rail, which rose 0.7 percent, and CSX, which fell 0.2 percent. Full story: CBS News
Railroad raising underway in Devils Lake
(Source: Grand Forks Herald, June 20, 2012) GRAND FORKS, N.D. — BNSF construction crews are installing new ties and laying new rails along a 15-mile stretch of flood-threatened railroad tracks in the Devils Lake Basin. The project calls for raising the tracks an...
KCS to announce 2Q 2012 earnings on July 17
(Source: Kansas City Southern press release, June 19, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) will release its financial results for second quarter 2012 on Tuesday July 17, 2012, before the opening of trading on the New York Stock Exchange. KCS...
CSX to announce 2Q 2012 earnings on July 17
(Source: CSX press release, June 19, 2012) JACKSONVILLE, Fla. — CSX Corporation will release second-quarter financial and operating results on Tuesday, July 17, 2012, after the market close. The company will host an earnings conference call at 8:30 am Eastern Time on...
Detroit light rail won’t get U.S. funding, yet
(Source: Detroit Free Press, June 20, 2012) WASHINGTON, D.C. — As U.S. Transportation Secretary Ray LaHood made clear Tuesday, he's a fan of the proposed Woodward Avenue streetcar line and would love to help fund it, as long as state legislators, local officials and...
Durbin, Quinn announce $10.4 million TIGER grant for Illinois rail improvements
(Source: Press release from the office of Senator Dick Durbin, June 19, 2012) CHICAGO, Ill. — U.S. Senator Dick Durbin (D-IL) and Illinois Governor Pat Quinn today announced that the U.S. Department of Transportation has awarded the State of Illinois a $10.4 million...
Federal grants will help renovate aging SEPTA power substation, fix bridges and highways
(Source: Philadelphia Inquirer, June 20, 2012) PHILADELPHIA, Pa. — The Philadelphia area will get $12.8 million in federal funding that was sought to help renovate an aging SEPTA power substation and repair 11 highway and railroad bridges. The grants from the U.S....
Opinion: Don’t miss high-speed train to future economy
(Source: San Francisco Chronicle opinion column, June 20, 2012) SAN FRANCISCO, Calif. — California's $1.9 trillion economy ranks among the 10 largest in the world. However, the state's infrastructure is straining to keep up with increased demands. Nowhere is this...
While the headlines blare Americans lose 40% of their wealth, income decline is the real horror story
(Source: Economic Populist, June 13, 2012) NEW YORK — The Federal Reserve released a report, the 2010 Survey of Consumer Finances. This is a report on household wealth from 2007-2010, removing effects of inflation. No surprise, median net worth declined by 38.8% from...
These people can’t get enough of trains
(Source: Omaha World-Herald, June 19, 2012) OMAHA, Neb. — With Union Pacific holding celebrations around the country for its 150th anniversary, it's a big year for people who love trains. But most rail enthusiasts don't need a special event to get excited about their...
