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Daily Headlines
Norfolk Southern declares quarterly dividend
(Source: Norfolk Southern press release, April 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 47 cents per share on its common stock, payable on June 11, to stockholders of record on May 4. Since its inception...
Profits rise at Kansas City Southern, Norfolk Southern
(Source: Reuters, April 24, 2012) NEW YORK — Railroads Kansas City Southern and Norfolk Southern each reported higher quarterly profit that beat Wall Street estimates, as automotive and intermodal shipments more than offset weakness in coal volume. Full story:...
Teamsters: NLRB vote in Senate shows who is on the side of middle-class workers
(Source: International Brotherhood of Teamsters press release, April 24, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa today said he is pleased a majority of U.S. senators voted to uphold National Labor Relations Board reforms that make union...
Senate votes down motion to block NLRB union election rule
(Source: The Hill, April 24, 2012) WASHINGTON, D.C. — The Senate on Tuesday voted down a Republican-backed motion intended to block a National Labor Relations Board (NLRB) rule to speed up union elections. In a largely party-line vote, the Senate, as expected, voted...
Railroad Retirement benefits for spouses
(Source: U.S. Railroad Retirement Board press release, March 6, 2012) CHICAGO — In addition to the retirement annuities payable to employees, the Railroad Retirement Act, like the Social Security Act, also provides annuities for the spouses of retired employees....
Hoffa: America’s recovery depends on good, green jobs
(Statement by Teamsters General President James P. Hoffa, April 22, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa issued the following statement as part of the union’s observance of Earth Day. “As we prepare to celebrate Earth Day this year, I am...
DOT seeks bidders for double-decker Amtrak rail cars
(Source: Associated Press, April 23, 2012) GRAND RAPIDS, Mich. — The Obama administration is putting out a $551 million request for bids for 130 new U.S.-made double-deck passenger railcars to serve Amtrak routes in Michigan and other states. Full story: Battle Creek...
Study says California bullet train authority underestimates operating costs
(Source: Los Angeles Times, April 24, 2012) LOS ANGELES — The state rail authority has grossly underestimated future operating costs of California's proposed bullet train, meaning taxpayers potentially will have to provide billions of dollars annually once the system...
Railroad stocks mixed at close of April 23 trading
(Source: Associated Press, April 23, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on April 23, including CN, which fell 0.9 percent, and Union Pacific, which rose 1.6 percent. Full story: CBS News
Transcript of CN first quarter 2012 earnings call now available
(Source: Seeking Alpha, April 24, 2012) A transcript of CN's earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
