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Daily Headlines
BNSF increased revenue, income in Q1 2012
(Source: Progressive Railroading, May 10, 2012) In the first quarter, BNSF Railway Co. generated total operating revenue of about $5 billion, up 10 percent compared with first-quarter 2011, according to a U.S. Securities & Exchange Commission-filed 10-Q form and a...
Heroic BLET member helps avert potential tragedy in Texas
(Source: Longview News-Journal, May 10, 2012. BLET Editor's Note: T.D. Hellen is a member of Division 857 in Tyler, Texas.) LONGVIEW, Texas — The Longview News Journal reports Longview resident and Union Pacific Railroad locomotive engineer Tom Hellen got a different...
LaHood warns California lawmakers on high-speed rail funds
(Source: Los Angeles Times, May 10, 2012) LOS ANGELES — In a series of meetings with key lawmakers in Sacramento, Transportation Secretary Ray LaHood said that the recent proposal by state Senate leaders to delay a $2.7-billion decision on the high-speed rail project...
May 12 is Amtrak’s National Train Day
(Source: Forbes, May 11, 2012) NEW YORK — Come this weekend, National Train Day will bring celebrations and exhibits to communities all across the country to honor the 143rd anniversary of the U.S.’s first transcontinental railway. Major events — with entertainment,...
Hoffa: Romney shows his true colors with latest attack on working Americans
(Source: International Brotherhood of Teamsters press release, May 8, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa rebutted Mitt Romney's attack today on working families by noting he made his millions as a vulture capitalist who closed factories and...
Why CP’s old-time bondholders have a big say in the future
(Source: Globe and Mail, May 10, 2012) TORONTO — Canadian Pacific Railway Ltd. has a problem over a century in the making. As the company’s war for control with activist investor Bill Ackman rages into its ninth month, obscure bonds issued as far back as 1889 are...
CSX Corporation declares quarterly dividend
(Source: CSX press release, May 9, 2012) JACKSONVILLE, Fla. — Earlier today, the board of directors of CSX Corporation (NYSE: CSX) approved a nearly 17 percent increase in the quarterly dividend on the company’s common stock to $0.14 per share. The dividend is payable...
Railroad stocks down at close of May 9 trading
(Source: Associated Press, May 9, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on May 9, including CP Rail, which fell 0.8 percent, and UP, which fell 1.1 percent. Full story: CBS News
CP Rail says improved metrics show its plan is working
(Source: Canadian Pacific Railway press release, May 9, 2012P CALGARY, Alberta — Canadian Pacific Railway Limited today reported further improvements to the Company’s operating metrics during the month of April, 2012, which were driven by the continued successful and...
Chicago gets central role in National Train Day
(Source: Chicago Sun-Times, May 9, 2012) CHICAGO — Americans of all ages have an ongoing love affair with trains, which isn’t surprising when one considers the role trains have played in our collective history — particularly in Chicago, the nation’s leading railway...
