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Daily Headlines
Railroads could telegraph rebound
(The following story by Ted Reed appeared at TheStreet.com on March 12, 2009.) Could it be that railroad shipments, considered a leading economic indicator, are sending a positive signal? Railroad CEOs, speaking Wednesday at the JPMorgan transportation conference,...
AAR: Rail freight traffic down during first week of March
(The Association of American Railroads issued the following on March 12, 2009.) WASHINGTON, D.C. — Freight traffic on U.S. railroads during the first week of March remained down in comparison with a year ago, the Association of American Railroads reported today. U.S...
Benefits under Railroad Retirement and Social Security
(The U.S. Railroad Retirement Board issued the following on March 10, 2009.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...
Seattle’s Union Station made a grand entrance
(The following story by Paul Dorpat appeared on the Seattle Times website on March 11, 2009.) SEATTLE — For the historical construction scene, a photographer from the Webster and Stevens studio stands on what was then a trestle on Fifth Avenue South a few feet south...
Favor to Lakeland in SunRail plan draws flak
(The following story by Aaron Deslatte appeared on the Orlando Sentinel on March 12, 2009.) TALLAHASSEE, Fla. — The SunRail commuter-train plan is drawing new criticism over language meant to appease the Lakeland area, which would absorb more CSX Corp. freight-train...
Special report: Juniata Shops on the right track
(The following report by Patrick Schurr appeared on the WTAJ website on March 11, 2009.) ALTOONA, Pa. — From the Pennsylvania Railroad to Penn Central... from Conrail to Norfolk Southern... Altoona's men and women built the locomotives that ruled the railroads. At the...
Wisconsin railroad honored by Railway Age
(The following appeared on the Wisconsin State Journal website on March 12, 2009.) MADISON, Wisc. — Milwaukee-based Wisconsin & Southern Railroad Co. (WSOR) was named the 2009 Regional Railroad of the Year by Railway Age magazine, company officials said this week. The...
TCI, 3G to pay $11 million to CSX
(The following appeared at FINalternatives.com on March 12, 2009.) They may have won the war, but two activist hedge funds have lost a battle with CSX Corp. and one of its shareholders. The Children’s Investment Fund and 3G Capital Partners have agreed to pay $10...
No charges expected in Boston-area runaway freight car crash
(The following story by Noah Bierman appeared on the Boston Globe website on March 11, 2009.) BOSTON — Prosecutors have declined to file a criminal complaint against anyone involved in last year's runaway freight car crash in Canton that left about 100 commuter rail...
Hudson tunnel project to kick off in North Bergen
(The following story appeared on the Newsday website on March 11, 2009.) NEWARK, N.J. — Construction on a multibillion-dollar rail tunnel from New Jersey into Manhattan is nearing reality. NJ Transit and the Port Authority of New York and New Jersey have identified...
