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Daily Headlines
Union Pacific fights price-gouging claim
(The following report by Adam Klawonn appeared at ZonieReport.com on January 22, 2009.) BENSON, Ariz. — Union Pacific Railroad Co. is suing a leading electricity provider for rural Arizona, claiming it backed out of a valid contract that locked in its shipping rates...
AAR: Rail freight traffic slides during 2nd week of 2009
(The Association of American Railroads issued the following on January 22, 2009.) WASHINGTON, D.C. — The economic slowdown continued to affect U.S. railroads as freight volume declined during the second week of 2009 in comparison with same week last year, the...
Burlington Northern passes Union Pacific as sales leader
(Bloomberg News circulated the following story by Hugo Miller on January 22, 2009.) NEW YORK — Burlington Northern Santa Fe Corp., whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc., passed Union Pacific Corp. last year to become the biggest U.S....
U.S. appeals court won’t delay CN/EJ&E merger
(The Associated Press circulated the following on January 23, 2009.) CHICAGO — A federal appeals court on Thursday rejected an emergency request from towns around Chicago to postpone Canadian National Railway's $300 million purchase of the EJ&E Railroad. The...
CN reports 2008 fourth quarter net income, full year results
MONTREAL — CN today reported its financial and operating results for the quarter and year ended Dec. 31, 2008. Fourth-quarter 2008 highlights * Net income was C$573 million, or C$1.21 per diluted share, including a deferred income tax recovery of C$42 million, or...
CN Rail boosts dividend as Q4 earnings fall
(The Canadian Press circulated the following story by Ross Marowits on January 22, 2009.) MONTREAL – CN Rail boosted its quarterly dividend by 10 per cent today despite suffering a drop in fourth-quarter net profits to $573 million, mainly because of big gains in the...
Senate confirms LaHood as Transportation Secretary
(The following appeared at CQPolitics.com on January 23, 2009.) WASHINGTON, D.C. — Former Rep. Ray LaHood won Senate confirmation Thursday as President Obama's Transportation secretary. The Illinois Republican was confirmed by voice vote a day after the Commerce,...
RRB customer service plan update
(The U.S. Railroad Retirement Board issued the following on January 12, 2009.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s revised plan, effective...
Locomotive Engineers & Trainmen News for January available online
CLEVELAND — The January 2009 issue of the Locomotive Engineers and Trainmen News is now available on the BLET website. Past issues of the official BLET monthly publication dating to 1997 are also on the BLET website. The current issue is available here as a PDF:...
UP’s Picacho Peak rail yard plans remain in limbo
(The following story by Shelley Shelton appeared on the Arizona Daily Star website on January 22, 2009.) TUCSON, Ariz. — So far, a proposal for a railroad switching yard near Picacho Peak hasn't been derailed, but plans aren't quite on track yet either. And a legal...
