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Daily Headlines
CP Rail Board of Directors declare dividend
(Canadian Pacific Railway issued the following on December 16, 2009.) CALGARY — The Board of Directors of Canadian Pacific Railway Limited (TSX/NYSE: CP) today declared a quarterly dividend of twenty four and three quarter cents ($0.2475) Canadian per share on the...
Senate transportation bill could give farmers leverage when shipping crops by rail
(The following story by Peter Harriman appeared on the Argus Leader website on December 16, 2009.) SIOUX FALLS, S.D. — A bill making its way through the Senate to reauthorize and reorganize the Surface Transportation Board and give shippers more leverage against...
NJ Transit awards first major tunneling contract awarded
(The following appeared at NorthJersey.com on December 17, 2009.) The NJ Transit (NJT) Board of Directors recently approved the first major tunneling contract for the $8.7 billion Mass Transit Tunnel, the nation's largest public transit project that will double...
Norfolk Southern execs sell 60K shares in company
(The following story by Robert McCabe appeared on The Virginian-Pilot website on December 17, 2009.) NORFOLK, Va. — Two top executives at Norfolk Southern Corp. sold 60,000 shares of stock this week, according to filings with the Securities and Exchange Commission....
Railroad shares mixed at the close of Dec. 16 trading
(The Associated Press circulated the following on December 16, 2009.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern fell $.03 or percent, to $98.47. CSX rose $.22 or .4 percent, to $49.82. Canadian National...
Metrolink got a waiver to avoid posting simple safety signs
(The following story by Rich Connell appeared on the Los Angeles Times website on December 17, 2009.) LOS ANGELES — More than a decade ago, Metrolink and other commuter rail services throughout California sought and received permission to bypass a federal requirement...
Rail stimulus funds to bypass Northeast
(The following story by Alan Wirzbicki appeared on the Boston Globe website on December 17, 2009.) WASHINGTON, D.C. — The railroad tracks from Boston to Washington - the busiest rail artery in the nation, and one that also carries America’s only high-speed train, the...
Airline unions ask House panel for changes in bankruptcy law
(The following story by Sholnn Freeman appeared on the Washington Post website on December 17, 2009.) WASHINGTON, D.C. — A group of unions representing airline workers is seeking changes to U.S. bankruptcy laws that would make it harder for airlines to scrap labor...
Jobs bill to add billions to DOT budget
(The following story by R.G. Edmonson appeared on The Journal of Commerce website on December 16, 2009.) WASHINGTON, D.C. — The House is expected to vote this afternoon on a trio of intertwined measures that will extend the Department of Transportation’s highway...
U.S. House approves $154 billion jobs bill, debt limit increase
(Bloomberg News circulated the following story by Brian Faler on December 17, 2009.) WASHINGTON, D.C. — The U.S. House approved a $154 billion economic-aid package and a $290 billion increase in the legal limit on government borrowing as the chamber wrapped up its...
