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Daily Headlines

Laredo to become distribution center for Central American products

(The following story by Francisco Diaz appeared on the Laredo Sun website on February 28, 2010.) LAREDO, Texas — The local authorities considered that after the conclusion of the First Business Round Table with Central America, the possibility to establish a product...

Despite derailments, BNSF track maintains speed limit

(The following story by Chris Paschenko appeared on The Daily News website on March 1, 2010.) SANTA FE — Although two train derailments on Burlington Northern Santa Fe tracks prompted safety concerns, the railroad hasn’t reduced the speed of rail traffic through Santa...

Excerpts from Warren Buffett’s annual letter to shareholders

(The following appeared on the Omaha World-Herald website on February 27, 2010.) OMAHA, Neb. — Excerpts from Warren Buffett's annual letter to shareholders. • "When the financial system went into cardiac arrest in September 2008, Berkshire was a supplier of liquidity...

Buffett: Execs should pay price for risky bets

(The Associated Press circulated the following story by Josh Funk on February 27, 2010.) OMAHA, Neb. — Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky...

Danger on Tracks: Safety remains priority for SEPTA, Amtrak

(The following story by Timothy Logue appeared on the Delaware County Daily Times website on February 28, 2010.) DELAWARE COUNTY, Pa. — For as long as there have been train tracks, teenagers have gravitated to them. Whether to cut time from an otherwise longer walk,...

Federal income tax and Railroad Retirement benefits

(The U.S. Railroad Retirement Board issued the following on February 3, 2010.) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement...

Penn State and Norfolk Southern develop battery-powered locomotive

(The following appeared at www.research.psu.edu on February 26, 2010.) UNIVERSITY PARK, Pa. — In September 2009, Norfolk Southern unveiled its NS 999, a prototype 1,500-horsepower switching locomotive that relies solely on rechargeable batteries for power. When the...

Former CSX workers say asbestos exposure caused lung cancer

(The following story by Shelley Rossetter appeared on the St. Petersburg Times website on February 26, 2010.) TAMPA, Fla. — Four former employees of CSX sued the railroad company Wednesday, alleging exposure to asbestos on the job led to lung cancer. In the lawsuit,...

Freight derailment blocks morning Northstar line service

(The following story by Paul Walsh appeared on the Star Tribune website on February 25, 2010.) MINNEAPOLIS, Minn. — A minor derailment of freight cars gummed up the works Thursday morning for many commuters who use the Northstar line in the north metro, transit...

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