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Daily Headlines
Diesel stockpiles could derail crude’s rally
(The following story by of the Financial Times appeared at ninemsn.com.au on October 19, 2009.) NEW YORK — For many months, crude has fluctuated between $65 and $75 a barrel even as other risky assets, from stocks to gold, have taken off. But last week oil broke free,...
Long road to recovery for Canadian railways
(The following story by Scott Deveau appeared on the Financial Post website on October 19, 2009.) OTTAWA — Despite some positive signs that the economy is on the mend, it could be years before Canadian railways fully recover from the recession. Rail shipments are an...
No Railroad Retirement benefit increase in 2010; Most retiree earnings limits remain at 2009 levels
(The Railroad Retirement Board issued the following on October 16, 2009.) CHICAGO — Railroad retirement annuities, like social security benefits, will not increase in January 2010 as there was no increase in the Consumer Price Index (CPI) from the third quarter of...
Power troubles stall trains from NY to DC
(The Associated Press circulated the following on October 19, 2009.) NEWARK, N.J. — Thousands of train passengers were stranded between New York and Washington because of Amtrak power problems along the busy Northeast Corridor Monday. Amtrak spokeswoman Karina Romero...
Railroads companies shares up at the close of trading
(The Associated Press circulated the following on October 19, 2009.) NEW YORK — Shares of some top railroads companies were up at the close of trading: Burlington Northern rose $.01 or percent, to $86.40. CSX rose $.07 or .1 percent, to $46.84. Canadian National rose...
Norfolk Southern keeps lid on hiring
(Reuters circulated the following story by Chelsea Emery on October 19, 2009.) CARY, N.C. — Norfolk Southern Corp (NSC.N) has put a lid on hiring, the head of the No. 4 U.S. railroad said on Thursday. "We are effectively doing no hiring to speak of," said Charles...
CN’s Chicago traffic delays increase
(The following story by John D. Boyd appeared on The Journal of Commerce website on October 19, 2009.) WASHINGTON, D.C. — Canadian National Railway said its trains blocked roadway crossings eight times during September when trains stopped for 10 minutes or more along...
FRA forges preliminary ‘National Rail Plan’
(The following appeared on the Progressive Railroading website on October 19, 2009.) On Friday, the Federal Railroad Administration (FRA) released a preliminary National Rail Plan (NRP) aimed at formulating a strategy to address the nation’s rail needs. The Passenger...
2009 Railroad Retirement Board Informational Conferences
CHICAGO — The U.S. Railroad Retirement Board holds free information conferences for railroaders. Conference registration begins at 8 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. The U.S. Railroad Retirement Board holds free...
Railroad Retirement and survivor benefits
(The U.S. Railroad Retirement Board issued the following on October 7, 2009.) CHICAGO — Monthly benefits may be payable under the Railroad Retirement Act to the surviving widow(er), children, and certain other dependents of a railroad employee if the employee was...
