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Daily Headlines
Stock analyst upgrades CN from ‘hold’ to ‘buy’
(The following story by David Berman appeared on the Globe and Mail website on September 10, 2010.) TORONTO — Cherilyn Radbourne, an analyst at TD Newcrest, has cut her recommendation on Canadian National Railway Co. (CNR-T65.24-1.48-2.22%) to “hold” from “buy.” Blame...
FTA finds Houston Metro violated ‘Buy America’ requirements
(The following appeared on the Progressive Railroading website on September 9, 2010.) The Metropolitan Transit Authority of Harris County, Texas (Metro) “violated both federal procurement law and the Buy America requirements” during the procurement and award of two...
American Honda to open rail-car loading facility at California port
(The following appeared on the Progressive Railroading website on September 9, 2010.) On Sept. 14, American Honda Motor Co. plans to mark its return to the Port of Richmond, Calif. The automaker has scheduled a grand opening event for the Honda Port-of-Entry project....
UP: August PRB train loadings climbed to 20-month high
(The following appeared on the Progressive Railroading website on September 9, 2010.) In August, Union Pacific Railroad loaded 1,054 coal trains in the Southern Powder River Basin (SPRB) — the highest monthly loadings since December 2008 and a slight increase vs. the...
S.C. lawmakers wrestle with rail access to new port
(The Associated Press circulated the following on September 9, 2010.) CHARLESTON, S.C. — South Carolina lawmakers began wrestling Thursday with providing rail access to a new $525 million port terminal as the state works to regain its competitive position among other...
Union Pacific CFO still expects peak fall shipping season
(Dow Jones Newswires circulated the following on September 10, 2010.) NEW YORK — Union Pacific Corp. (UNP) is standing by its view that intermodal volume is building toward a peak fall shipping season, although Chief Financial Officer Rob Knight acknowledged industry...
Union Pacific chief: Employee pride matters
(The following story by Joe Ruff appeared on the Omaha World-Herald website on September 9, 2010.) OMAHA, Neb. — Pride that workers have in their company — right down to wearing baseball caps with corporate logos — must be considered during mergers and acquisitions,...
Norfolk Southern announces opening of Heartland Corridor
(Norfolk Southern issued the following on September 9, 2010.) RADFORD, Va. — Norfolk Southern’s Heartland Corridor – one of the most extensive railroad engineering projects in modern times and a template for public-private partnerships that strengthen the nation’s...
Norfolk Southern opens new $191 million route to Midwest
(The Associated Press circulated the following on September 9, 2010.) COLUMBUS, Ohio — Norfolk Southern Corp. on Thursday ran its first train loaded with double-stacked cargo containers through some of the most rugged parts of the Appalachian Mountains, opening a $191...
Two years after Chatsworth crash, Metrolink tries to look forward
(The following story by Brian Watt appeared at www.scpr.org. To listen to the audio report, visit: http://www.scpr.org/news/2010/09/10/chatsworth-2yr.) LOS ANGELES — Sunday marks two years since a Metrolink commuter train collided with a Union Pacific freight train in...
