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Daily Headlines
Denton police continue search for laser cannon stolen from KCS
Police in Denton, Texas, have stepped up their search for a high-powered laser cannon used to align railroad tracks. Pen-sized laser pointers available at office supply stores and elsewhere have been blamed for mischief on the ground but are considered too weak to...
Minor mudslide, downed trees force closure of Amtrak Cascades route for two days
Passenger service on the Amtrak Cascades route running from Vancouver into Washington state has been suspended for 48 hours due to mud and fallen trees covering the rail line in south Surrey. Burlington Northern-Santa Fe Railway spokesman Gus Melonas on Tuesday said...
CN reports 2010 fourth quarter net income of $503 million
(CN issued the following press release on January 25.) MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2010. Fourth-quarter and full-year 2010 highlights • Net income for the final quarter of 2010 was C$503...
Norfolk Southern increases dividend
(Norfolk Southern issued the following press release on January 25, 2011.) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 11 percent, or 4 cents...
CSX sees gradual U.S. economic recovery continuing, to hire more workers
According to Reuters, CSX says the U.S. economy is on track for continued gradual recovery while international demand escalates, pointing to another year of robust shipments and core pricing gains for the railroad. The railroad’s CEO Michael Ward said in an interview...
Norfolk Southern sees stronger 2011
According to a report from Reuters, Norfolk Southern said fourth-quarter net income rose 31 percent from a year ago while top executives predict even stronger growth in 2011. The report reads in part: “Volume has shifted into January and almost every business segment...
Norfolk Southern reports fourth-quarter, full-year 2010 results
(Norfolk Southern issued the following on January 25, 2011.) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31 percent higher compared with $307 million, or $0.82 per diluted...
Hoffa: ‘Reinvest in American workers’
(The International Brotherhood of Teamsters issued the following on January 25, 2011.) WASHINGTON, D.C. — Teamsters General President Jim Hoffa shares his views regarding the plight of the American worker and the middle class during The Ed Show on the eve of President...
Roads, bridges, high-speed rail top Obama’s transportation agenda
In his State of the Union address yesterday (January 25), President Barack Obama said he will intensify efforts to repair the nation’s roads, bridges and mass transit systems, calling the work necessary to create jobs and compete with nations that have made those...
Teamsters support counterterrorism program
(The International Brotherhood of Teamsters issued the following on January 24, 2011.) The Teamsters General Executive Board has reaffirmed the union’s commitment to the First Observer counterterrorism training program by approving a board resolution in support. The...
