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Daily Headlines
Shared tracks don’t mean shared pockets, appeals court rules in railroad case
(The following story by Steve Korris appeared on the Southeast Texas Record website on July 31.) BEAUMONT, Texas — Kansas City Southern Railway has already paid a family to settle a wrongful death suit and expected to recover the cost from Union Pacific Railroad, but...
Opinion: Why the government is spending $100 billion a year to get you to drive more
(The following column by Daniel Gross appeared on the Newsweek website on July 31.) The Transportation Department reported that Americans drove 9.6 billion fewer miles in May 2008 than in May 2007, a 3.7 percent drop. The result: rising demand for mass transit and...
Union Pacific raises dividend by 5 cents
(The Associated Press circulated the following on July 31.) OMAHA, Neb. — Union Pacific Corp., the nation's largest freight railroad operator, on Thursday raised its quarterly dividend by 5 cents, to 27 cents per share. The company said the increased dividend would be...
KCS outperforms expectations, doubles profits
(The following story appeared on The Kansas City Star website on August 1.) KANSAS CITY, Mo. — Kansas City Southern outperformed even the high expectations of analysts, nearly doubling its profits in the second quarter. For the three months that ended June 30, Kansas...
CN to legislators: Thanks, but no thanks
(The following story by Andre Salles appeared on The Beacon News website on August 1) CHICAGO — On Tuesday, a group of federal legislators will meet in Chicago to discuss Canadian National Railway Company's proposed $300 million buyout of the Elgin, Joliet and Eastern...
Joliet near deal with Canadian National
(The following story by Bob Okon appeared on The Herald News website on August 1.) JOLIET -- Joliet appears ready to work with Canadian National Railway rather than fight the company's plan to take over the Elgin, Joliet & Eastern line. A number of suburban...
BNSF spent more than $1.4M lobbying in 2Q
(The Associated Press circulated the following on August 1.) WASHINGTON, D.C. — Burlington Northern Santa Fe Co., which operates the nation's second largest freight railroad, spent more than $1.4 million in the second quarter to lobby on antitrust, tax and...
UP spent more than $1.3M lobbying in 2Q
(The Associated Press circulated the following on August 1.) WASHINGTON, D.C. — Union Pacific Corp., the nation's largest freight railroad, spent more than $1.3 million in the second quarter to lobby on energy matters, environmental conservation and other issues,...
Weekly U.S. rail shipments down last week
(The Associated Press circulated the following on July 31.) WASHINGTON, D.C. — Shipments carried by U.S. railroads fell 0.9 percent last week compared with a year earlier, a major industry trade group reported Thursday. The Association of American Railroads said...
TCI and 3G comment on certification of CSX election results
(TCI and 3G issued the following on July 31.) NEW YORK — The Children’s Investment Fund Management (UK) LLP (“TCI”) and 3G Capital Partners, Ltd. (“3G”) today issued the following statement regarding the independent inspector’s certification of the final results of...
