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Daily Headlines
Sector snap: Railroad stocks ride higher
(The Associated Press circulated the following on December 17.) NEW YORK — Shares of rail operators climbed Wednesday, with Kansas City Southern surging more than 17 percent after UBS raised it to "Buy" from "Neutral." UBS analyst Rick Paterson said in a note to...
Railroad cars in Mississippi River after train derailment in SE Minnesota
(The Associated Press circulated the following on December 18.) DRESBACH, Minn. — Two freight trains collided early Wednesday, derailing 26 cars and plunging a locomotive into the Mississippi River, authorities said. No one was seriously hurt. Why the Canadian Pacific...
Hedge fund could be forced to dump CSX shares
(The following story by Robert Holmes appeared at TheStreet.com on December 18.) NEW YORK — An activist hedge fund that's been waging war against the board of CSX may be forced into retreat by the demands of its own investors. After acquiring enough CSX shares to earn...
RRB: Medicare Part B Premiums for 2009
(The U.S. Railroad Retirement Board issued the following on November 20.) CHICAGO — The standard Medicare Part B monthly premium will be $96.40 in 2009, the same as the Part B premium for 2008. Until 2007, all beneficiaries paid the same basic premium amount for...
Railroad Retirement Board appeals procedure
(The U.S. Railroad Retirement Board issued the following on December 2.) CHICAGO — Persons claiming retirement, disability, survivor, unemployment or sickness benefits from the Railroad Retirement Board (RRB) have the right to appeal unfavorable determinations on...
Year 2009 Railroad Retirement and Unemployment Insurance Taxes
(The U.S. Railroad Retirement Board issued the following on December 3.) CHICAGO — The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2009. However, the tier I tax rate on employees and employers remains...
December BLET News online
CLEVELAND, December 17 — The December 2008 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:...
Italy launches Rome-Milan high-speed train
(The Associated Press circulated the following story by Colleen Barry on December 17.) ABOARD ES ITALIA AV 9427 — Just outside Milan, the countryside started to blur as the Italian Railway's new Red Arrow high-speed train reached its maximum velocity of 186 mph (300...
LIRR offers NY train-to-plane discounts
(The Associated Press circulated the following on December 16.) NEW YORK — The Long Island Rail Road is offering new discount fares to New York's MacArthur Airport. The package ranges from $7 to $14 one way, including a rail ticket and a shuttle between the Ronkonkoma...
Rail service between NYC and AC to begin Feb. 6
(The following appeared on the Newsday website on December 17.) ATLANTIC CITY, N.J. — Three casinos are hoping train service between New York City and Atlantic City will come up aces. Atlantic City Express Service, or ACES, will begin weekend service on Feb. 6....
