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Daily Headlines
Tennessee seeking funding to make rail upgrades
(The following story by Ed Marcum appeared on the Knoxville News Sentinel website on October 21, 2009.) KNOXVILLE, Tenn. — Tennessee is seeking $81.2 million as part of a coalition of states applying for $300 million in federal stimulus funds to make railroad upgrades...
Supreme Court to hear Union Pacific appeal in maritime law case
(Dow Jones Newswires circulated the following story by Kristina Peterson on October 20, 2009.) WASHINGTON, D.C. — The U.S. Supreme Court agreed Tuesday to consider an appeal from a Union Pacific Corp. (UNP) unit and a Japanese shipping agency seeking to resolve claims...
Railroads companies shares mixed at the close of trading
(The Associated Press circulated the following on October 20, 2009.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern fell $.80 or .9 percent, to $85.60. CSX fell $.38 or .8 percent, to $46.46. Canadian National...
Short-line tax credit extension continues to garner congressional support, ASLRRA says
(The following appeared on the Progressive Railroading website on October 20, 2009.) American Short Line and Regional Railroad Association (ASLRRA) lobbyists are closer to their congressional co-sponsorship goals for the Short Line Rehabilitation Tax Credit bill (H.R....
LaHood upbeat about economic recovery
(The following story by John R. Pulliam appeared on the Register-Mail website on October 20, 2009.) GALESBURG, Ill. — U.S. Secretary of Transportation Ray LaHood talked Tuesday at Knox College about the role of transportation in helping the local, state and national...
Claude Mongeau appointed a CN director; Board approves fourth-quarter 2009 dividend
(CN issued the following on October 20, 2009.) MONTREAL — CN announced today that its Board of Directors has appointed Claude Mongeau as a director of the Company, effectively immediately. Mongeau, executive vice-president of CN, will succeed E. Hunter Harrison as CN...
CN profit sags 13 percent but says worst is over
(Reuters circulated the following on October 20, 2009.) VANCOUVER, B.C. — Canadian National Railway reported a better than expected 13 percent drop in third-quarter profit on Tuesday as deep cost cuts helped cushion the impact of the recession. Executives at Canada's...
CN reports lower 2009 third quarter net income
(CN issued the following on October 20, 2009.) MONTREAL — CN today reported its financial and operating results for the third quarter ended Sept. 30, 2009. Third-quarter 2009 highlights * Net income declined to C$461 million, or C$0.97 per diluted share, from year...
CN chief optimistic despite plunge in profit
(The following story by Brent Jang appeared on the Globe and Mail website on October 21, 2009.) MONTREAL — Hunter Harrison isn't fretting that Canadian National Railway Co.'s cargo volumes will plunge again. "We've bounced across the bottom, and now we're starting to...
BLET sues to deactivate Metrolink cameras
(The Associated Press circulated the following on October 20, 2009.) LOS ANGELES — The union representing Metrolink engineers is suing the Southern California rail authority to deactivate video cameras in its commuter trains. Metrolink said Tuesday the cameras are...
