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Daily Headlines
Railroads work through storm impact
(The following appeared on The Journal of Commerce website on April 26, 2011.) WASHINGTON, D.C. — Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada....
Man pleads guilty in Amtrak bomb scare
(The following appeared on the Great Falls Tribune website on April 27, 2011.) GREAT FALLS, Mont. — A Minneapolis man pleaded guilty Tuesday to federal charges stemming from a February bomb scare on a westbound Amtrak train that caused the entire train to be evacuated...
CN reports first quarter net income of $688 million
(CN issued the following on April 26, 2011.) MONTREAL, April 26, 2011 — CN today reported its financial and operating results for the first quarter ended March 31, 2011. First-quarter 2011 highlights • Net income increased 31 per cent from the year-earlier quarter to...
Editorial: How not to plan for the future
(The following editorial appeared on the New York Times website on April 20, 2011.) NEW YORK — The agreement between Congress and the White House to virtually eliminate money for high-speed rail is harebrained. France, China, Brazil, even Russia, understand that...
At least 9 Wisconsin state senators face recall
(The following appeared on the Journal Sentinel website on April 26, 2011.) MADISON, Wisc. — Recall signatures are expected to be filed in Madison this week against a sixth Republican state senator, a representative of the recall campaign said Tuesday. Meanwhile,...
Are China’s high-speed trains heading off the rails?
(The following appeared on the Washington Post website on April 23, 2011.) BEIJING — China’s expanding network of ultramodern high-speed trains has come under growing scrutiny here over costs and because of concerns that builders ignored safety standards in the quest...
New Orleans Public Belt Railroad decides to lease antique railcars
(The following appeared on The Times-Picayune website on April 25, 2011.) NEW ORLEANS — After opting last month not to sell a trio of antique Pullman railcars at the fire-sale price offered by a single bidder, board members of the New Orleans Public Belt Railroad on...
Short line railroads see 9 percent traffic gain
(The following appeared on The Journal of Commerce website on April 21, 2011.) WASHINGTON, D.C. — North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double...
Bill Gates now CN’s largest shareholder
(The following appeared on the Globe and Mail website on April 25, 2011.) TORONTO — Bill Gates owns a $3.2-billion train set, making him the largest Canadian National Railway Co. The Microsoft Corp. founder now controls more than 46 million CN shares, or 10.04 per...
Canadian Pacific announces lower first quarter 2011 results
(Canadian Pacific issued the following on April 21, 2011.) CALGARY, Alberta — Canadian Pacific Railway Limited announced its first-quarter 2011 results today. Reported net income in the first-quarter was $33.7 million and diluted earnings per share were $0.20. As...
