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Daily Headlines
Fourth straight rise for Kansas City Southern
(The following story by Mark Davis appeared on The Kansas City Star website on January 5.) KANSAS CITY, Mo. — Kansas City Southern posted another gain for stockholders Monday, its fourth consecutive rise and the best price owners have seen since November. Shares rose...
The changing landscape of U.S. railroads
(The following story by Dan McCue appeared at WorldTradeMag.com on January 5.) The North American rail industry’s almost uncanny ability to shift gears and shake off declining loads of consumer goods and automobiles after the collapse of the U.S. housing market...
UP employee loses foot while building train
(The following appeared on the Superior Telegram website on January 5.) SUPERIOR, Wisc. — A Superior man whose foot was amputated when he slipped under train wheels Saturday in the Union Pacific rail yard in Itasca remains in serious condition at St. Mary’s Medical...
New Lenox plans appeal of STB railroad decision
(The following story by Michael Gilbert appeared on the New Lenox Patriot website on January 6.) NEW LENOX, Ill. — New Lenox will appeal the U.S. Surface Transportation Board's decision to approve the sale of the EJ&E Railroad to Canadian National Railway, Mayor Tim...
Barrington sues over CN rail deal
(The following story by Eric Peterson and Marni Pyke appeared on the Chicago Daily Herald website on January 6.) CHICAGO — The village of Barrington filed two court actions Monday in an attempt to stop the Canadian National-EJ&E railroad deal. Barrington filed a stay...
1903 train crash still a mystery
(The following story by Morris Stephenson appeared on the Franklin News Post website on January 2.) ROCKY MOUNT, Va. — On Jan. 3, 1903, a head-on train crash in Boones Mill killed two engineers, but little is known about the wreck other than the details passed down...
Investigation into UP train derailment in Nevada continues
(The Associated Press circulated the following on December 30.) ELKO, Nev. — Union Pacific officials say a possible broken wheel or rail may have caused a train derailment over the weekend in northeast Nevada. Fifteen of the train's 99 cars were involved in the...
Union Pacific CFO: “We are the green solution”
(The following story by Edward Teach appeared on the CFO Magazine website on January 1.) What's a few billion dollars spent on infrastructure when your vehicles get more than 700 mpg? An interview with Robert M. Knight Jr., EVP and CFO, Union Pacific Corp. Rob Knight...
CSX hires firm to consider Greenbrier options
(The Associated Press circulated the following on January 2.) JACKSONVILLE, Fla. — The Greenbrier's owner has hired New York investment banking giant Goldman Sachs & Co. to help determine what to do with the money-losing luxury resort. Jacksonville, Fla.-based CSX...
Former rail chief discusses coal train project
(Gazette News Services circulated the following story on January 4.) SIOUX FALLS, S.D. — For former Dakota, Minnesota and Eastern Railroad President Kevin Schieffer, timing could have been everything. A federal agency denied the DM&E a $2.3 billion loan two years ago....
