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Daily Headlines
Norfolk Southern ‘convinced’ US recovery underway
(The Associated Press circulated the following story by Samantha Bomkamp on April 27, 2010.) NEW YORK — Norfolk Southern Corp. is convinced the U.S. economic recovery is well under way. It's just not sure how fast it will happen. The railroad's confidence comes from...
Railroad shares mixed at the close of April 27 trading
(The Associated Press circulated the following on April 27, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $1.28 or 2.2 percent, to $55.72. Canadian National fell $2.32 or 3.7 percent, to $61.09. Canadian Pacific...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 26 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
Caltrain electrification is ‘essential,’ agency says
(The following appeared on the Progressive Railroading website on April 27, 2010.) New Caltrain budget projections show that electrifying the commuter-rail system is essential to the agency’s survival. Caltrain currently is facing a multi-million-dollar deficit in...
Maine officials, railway agree to mediation
(The following appeared on the Progressive Railroading website on April 27, 2010.) Officials from the state of Maine and officials from Montreal, Maine & Atlantic Railway Ltd. have agreed to mediation conducted by the Federal Surface Transportation Board to discuss...
Transportation head praises Connecticut for rail project
(The Associated Press circulated the following story by Susan Haigh on April 26, 2010.) HARTFORD, Conn. — Transportation Secretary Ray LaHood encouraged Connecticut officials on Monday to work with Massachusetts and the federal government to introduce high-speed...
Norfolk Southern declares quarterly dividend
(Norfolk Southern issued the following on April 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 34 cents per share on its common stock, payable on June 10, to stockholders of record on May 7. Since...
FedEx Freight may put shipments on rail in future
(The following story by William B. Cassidy appeared on The Journal of Commerce website on April 27, 2010.) WASHINGTON, D.C. — Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years...
Norfolk Southern reports first-quarter 2010 results
(Norfolk Southern issued the following on April 27, 2010.) NORFOLK, Va. — For the first quarter of 2010, Norfolk Southern Corporation (NYSE: NSC) reported net income of $257 million, or $0.68 per diluted share, 45 percent higher compared with $177 million, or $0.47...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 26 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
