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Daily Headlines
CP asks workers to take their vacation to cut costs
(The following story by Brent Jang appeared on the Globe and Mail website on March 12, 2009.) TORONTO — Canadian Pacific Railway Ltd. is asking employees to burn off vacation days and is also scrapping a system that allowed up to 52 weeks of holiday time to be banked,...
Canadian Pacific volumes down, eyes more cost cuts
(Reuters circulated the following story by Susan Taylor on March 11, 2009. In U.S. dollars unless noted.) OTTAWA — Canadian Pacific Railway Ltd (CP.TO) may look to make additional job and cost cuts as freight volumes in March fell further than expected, the country's...
Federal Income Tax and Railroad Retirement Benefits
(The U.S. Railroad Retirement Board issued the following on February 9, 2009.) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement...
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...
Union Pacific opens hump lead at Davidson Yard
(The following story by Leslie Wimmer appeared on the Forth Worth Business Press website on March 10, 2009.) FORT WORTH, Texas — Southwest Parkway moved forward again on Tuesday as Mayor Mike Moncrief helped disassemble a train and break in the temporary hump lead at...
Bill to slow coal railroad stalls
(The Associated Press circulated the following on March 10, 2009.) HELENA, Mont. — A plan to make it harder for private property to be taken over the owner's objections has stalled in a Montana House committee. The measure is aimed at the proposed Tongue River...
STB institutes declaratory order proceeding regarding certain rail movements of chlorine
(The Surface Transportation Board issued the following on March 10, 2009.) WASHINGTON, D.C. — The Surface Transportation Board announced today that it has instituted a proceeding and invites public comment on a Union Pacific Railroad Company (UP) petition for a...
Man allegedly steals railroad rail
(The following story by John Walker appeared on The Duncan Banner website on March 10, 2009.) DUNCAN, Okla. — A Comanche man was arrested Friday evening for allegedly stealing a piece of railroad rail approximately 40 feet in length. Johnnie DeWayne Branch, 37, was...
Obama nominee vows strong antitrust action, backs rail bill
(Dow Jones Newswire circulated the following story by Brent Kendall, on March 10, 2009.) WASHINGTON, D.C. — Christine Varney, President Barack Obama's nominee to be the chief antitrust enforcer at the Justice Department, said Tuesday she supported legislation to strip...
Public transportation in us at highest level in 52 years
(The following appeared on the Business Recorder website on March 10, 2009.) More people in the United States are using public transportation than at any time in the last 52 years, according to an industry study released Monday. The American Public Transportation...
