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Daily Headlines
Amtrak seeks arbitration over delays on Union Pacific tracks
(The following story by Jon Hilkevitch appeared on the Chicago Tribune website on October 28.) CHICAGO — More than a year after a breakthrough deal was reached to help Amtrak trains operate on schedule, the passenger railroad is seeking arbitration to resolve disputes...
Another ghost from Ground Zero’s past fades away
(The following story by David W. Dunlap appeared on the New York Times website on October 26.) NEW YORK — The colossal cast-iron rings embedded in the eastern slurry wall at ground zero were — if such a thing can be imagined — the birthmark of the World Trade Center....
Rails and trucks post widely different 3Q outcomes
(The Associated Press circulated the following on October 27.) NEW YORK — Railroads and trucking companies told very different stories in their third-quarter earnings reports, as rails continued fetch higher prices and truckers dealt with weak pricing and slumping...
CP Rail sees profit drop
(The following story by Jamie Sturgeon appeared on the Financial Post website on October 28.) OTTAWA — Canadian Pacific Railway Ltd. said Tuesday currency fluctuations, high fuel costs and bad asset-backed securities investments drove down earnings in the third...
Canadian Pacific announces third-quarter results
CALGARY — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced its third-quarter results today. Net income was $173 million down from $219 million in third-quarter 2007 and diluted earnings per share was $1.11 down from $1.41 in third-quarter 2007. This decrease...
KCS reports third quarter revenue growth of 10.7%; Net Income Up 17.0%
(Kansas City Southern issues the following on October 28.) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) reported record third quarter revenues of $491.5 million, a 10.7% increase over third quarter 2007. The revenue growth was primarily related to a...
Railroad Retirement Board: Dual benefit payments
(The U.S. Railroad Retirement Board issued the following on October 7.) CHICAGO — The payment of a railroad retirement annuity can be affected by entitlement to social security benefits, as well as certain other government benefits. Such dual entitlement, if not...
Railroad Retirement Board Informational Conferences
CHICAGO — The following are informational conferences conducted by the U.S. Railroad Retirement Board. All informational conference registrations begin at 8:00 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. OCTOBER Friday, October 24...
Railroad Retirement retiree earnings limits to rise
(The U.S. Railroad Retirement Board issued the following on October 23.) CHICAGO — Those railroad retirement annuitants subject to earnings restrictions can earn more in 2009 without having their benefits reduced, as a result of increases in earnings limits indexed to...
Railroad Retirement announces benefit increases for 2009
(The U.S. Railroad Retirement Board issued the following on October 23.) CHICAGO — Most railroad retirement annuities, like social security benefits, are scheduled to increase in January 2009 on the basis of the rise in the Consumer Price Index (CPI) during the 12...
