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Daily Headlines
Via passengers ‘relieved’ as trains return to normal
(The following story by Michelle Ruby appeared on the Brantford Expositor website on July 28, 2009.) ONTARIO — Via Rail is back on track after a two-day strike that complicated travel plans over the weekend. Trains were running as usual Monday morning at the Brantford...
Editorial: Renaming SEPTA rail lines
(The following editorial appeared on the Philadelphia Inquirer website on July 29, 2009.) PHILADELPHIA — For a transit agency that's long catered mostly to its regular riders, SEPTA is making smart moves to try to welcome all comers - including occasional commuters...
Missouri official looking forward to “higher” speed rail
(The following story by Brent Martin appeared at MissouriNet.com on July 28, 2009.) JEFFERSON CITY, Mo. — A top state transportation official says the prospect of high-speed passenger rail service in Missouri is closer than ever, though he cautions it won't resemble...
Montana Rail Link routes trains around tunnel
(The following story by Eve Byron appeared on the Independent Record website on July 27, 2009.) MISSOULA, Mont. — The removal of debris from a rockslide inside the Mullan Tunnel is progressing more slowly than anticipated, meaning that train traffic won't resume on...
Opinion: Is high-speed rail a good public investment?
(The following column by Edward L. Glaeser appeared on the New York Times website on July 29, 2009. Mr. Glaeser is an economics professor at Harvard.) NEW YORK — Last Thursday, the House of Representatives voted another $4 billion for high-speed rail projects, on top...
Volume declines expected to drag on Canadian Pacific’s earnings
(The following story by Scott Deveau appeared on the Financial Post website on July 28, 2009.) OTTAWA — Slower freight volumes are expected to weigh heavily on the earnings of Canadian Pacific Railway Ltd. when it releases its second quarter results Thursday. Despite...
Norfolk Southern declares quarterly dividend
(Norfolk Southern issued the following on July 28, 2009.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 34 cents per share on its common stock, payable on Sept. 10, to stockholders of record on Aug. 7. Since...
Norfolk Southern reports second-quarter 2009 results
(Norfolk Southern issued the following on July 28, 2009.) NORFOLK, VA. – For the second quarter of 2009, Norfolk Southern Corporation (NYSE: NSC) reported net income of $247 million, or $0.66 per diluted share, compared with $453 million, or $1.18 per diluted share,...
Norfolk Southern 2nd-qtr earnings plummet as cost cuts not enough to counter shipping downturn
(The Associated Press circulated the following story by Samantha Bomkamp on July 28, 2009.) NEW YORK — Railroad operator Norfolk Southern Corp. said Tuesday its second-quarter earnings sank 45 percent, as widespread cost cuts weren't able to balance the steep downturn...
Norfolk Southern’s income plunges 45 percent this quarter
(The following story by Robert McCabe appeared on The Virginian-Pilot website on July 29, 2009.) NORFOLK, Va. — Norfolk Southern Corp. on Tuesday reported that its profit for the April-to-June quarter dropped 45 percent from the same quarter a year ago. The...
