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Daily Headlines
Editorial: Philadelphia’s a region on the fast track
(The following editorial appeared on the Philadelphia Inquirer website on April 23, 2009.) PHILADELPHIA — Even though President Obama said it wasn't pie-in-the-sky stuff, most regions around the nation can only dream of a future in which high-speed rail plays a...
DM&E to rebuild track through Rochester this summer
(The following story by Jeffrey Pieters appeared on the Post-Bulletin website on April 23, 2009.) ROCHESTER, Minn. — By mid-July or early August, Rochester's section of the Dakota, Minnesota & Eastern Railroad will have all-new rail -- and faster trains. Officials of...
Rail feasibility study under way for Scranton to New York
(The following story by David Pierce appeared on the Pocono Record website on April 23, 2009.) STROUDSBURG, Pa. — Binghamton, N.Y., just might be the key to restoring passenger rail service between the Poconos and suburban New York City. A feasibility study for...
Analysts expect Burlington Northern Santa Fe earnings to drop
(The Associated Press circulated the following on April 22, 2009.) WASHINGTON, D.C. — Analysts expect Burlington Northern Santa Fe Corp.'s first-quarter earnings per-share to drop 26 percent from a year ago, as an already battered economy worsened in the first three...
Norfolk Southern sees demand ‘bottom’ this quarter
(The Associated Press circulated the following on April 22, 2009.) NEW YORK — Railroad Norfolk Southern says it expects shipping demand, which has plunged as the recession has worsened, to approach its worst level this quarter and possibly start to improve as early as...
Norfolk Southern CEO: No near-term boost for US export coal
(Reuters circulated the following on April 22, 2009.) CHICAGO — U.S. export coal volumes are unlikely to pick up in the near future because of continued low steel output in Europe, which uses metallurgical coal, the top executive of No. 4 U.S. railroad Norfolk...
Canadian Pacific announces first-quarter results
(Canadian Pacific issued the following on April 23, 2009.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced first-quarter earnings results today of $0.39 per share. This is a decrease of 34 per cent from first-quarter 2008 earnings per...
Canadian Pacific 1Q net falls on lower freight traffic
(Dow Jones Newswires circulated the following on April 23, 2009.) NEW YORK — Canadian Pacific Railway Ltd. (CP) posted much lower earnings in the first quarter, mainly reflecting declining freight-traffic volume. The Calgary-based railway reported net income of C$62.5...
Union Pacific reports first quarter 2009 earnings
(Union Pacific issued the following on April 23, 2009.) OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported 2009 first quarter net income of $362 million, or $0.72 per diluted share, compared to $443 million, or $0.85 per diluted share for the first...
UP’s first-quarter earnings drop 18 percent
(The following story by Joe Ruff appeared on the Omaha World-Herald website on April 23, 2009.) OMAHA, Neb. — Union Pacific reported today an 18 percent drop in net income for its first quarter, driven by decreased demand in the global recession. The Omaha-based...
