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Daily Headlines
Norfolk Southern CEO sells 50,000 Shares
(The following appeared at GuruFocus.com on December 14, 2009.) President, Chairman & CEO of Norfolk Southern Corp. (NSC) Charles W Moorman sells 50,000 shares of NSC on 12/14/2009 at an average price of $53.01 a share. Norfolk Southern Corp., a Virginia-based holding...
Transportation study urges climate adaptation
(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on December 15, 2009.) WASHINGTON, D.C. — Strengthening the transportation system’s resilience may reduce long-term costs from climate change, according to a study by...
Longevity of Railroad Retirement Beneficiaries
(The U.S. Railroad Retirement Board issued the following on December 1, 2009.) CHICAGO — Every three three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit...
Year 2010 Railroad Retirement and Unemployment Insurance Taxes
(The U.S. Railroad Retirement Board issued the following on December 1, 2009.) CHICAGO — The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes and the tier I and tier II tax rates on employees and employers remain unchanged in...
KCS Holiday Express comes to Pittsburg, Kan.
(The following story by Andrew Nash appeared on The Morning Sun website on December 15, 2009.) PITTSBURG, Kan. — It may not have been Christmas on Sunday, but it sure seemed that way to more than 1,544 people who came to the Holiday Express train. The train, in its...
Employee can sue railroad over West Nile virus
(The following story by Linda Coady, Esq., appeared at FindLaw.com on December 8, 2009.) A conductor for Union Pacific Railroad can sue her employer for failing to protect her from the West Nile Virus she contracted while working in Wyoming in August 2003, a divided...
Metra engine flap leads railroad to seek locomotive bids
(The following story by Paul Merrion appeared on the Crain’s Chicago Business website on December 11, 2009.) CHICAGO — Bowing to congressional pressure, Metra is backing down from its plans to buy a new type of locomotive that promises to burn less fuel while...
Union Pacific sets record in crop unit trains
(The following story by John D. Boyd appeared on The Journal of Commerce website on December 14, 2009.) WASHINGTON, D.C. — Union Pacific Railroad packed more unit trains of agricultural products in November than ever in its history, with 400 all-crop trains topping...
Editorial: Priceless lives lost in car-train crash
(The following editorial appeared on the Star-Tribune website on December 14, 2009.) MINNEAPOLIS, Minn. — "Railroad says lives weren't worth $6 million each" read the front-page headline in the Dec. 11 Star Tribune. That accurately summed up the latest heartless legal...
Jury sides with CSX in Ala crash that killed 4
(The Associated Press circulated the following on December 14, 2009.) CLANTON, Ala. — An Alabama jury has sided with a railroad in a series of lawsuits filed by the relatives of four men killed in a train crash almost three years ago. Chilton County jurors ruled in...