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Daily Headlines
RRB financial reports
(The U.S. Railroad Retirement Board issued the following on July 1.) CHICAGO — The Railroad Retirement Board (RRB) is required by law to submit annual reports to Congress on the financial condition of the railroad retirement system and the railroad unemployment...
CN derailment disrupts Via Rail service
(Canwest News Service circulated the following on July 30.) KINGSTON, Ontario — A CN freight train derailed early Wednesday just west of Kingston, Ont., disrupting the morning commute on the Via Rail service between Toronto, Ottawa and Montreal. The seven-car...
NS partners with North Carolina Railroad, state to upgrade 43 crossings
(The following appeared on the Progressive Railroading website on July 29.) Norfolk Southern Railway, North Carolina Railroad Co. (NCRR) and the North Carolina Department of Transportation's Rail Division are teaming up to upgrade 43 public grade crossings between...
Israel’s Nice Systems gets NS security deal
(Nice Systems issued the following on July 29.) NORFOLK, Va. — NICE Systems (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced it has won a 7-digit follow-on...
NJ Transit train evacuated in after suspicious note found
(The following story appeared on the Star-Ledger website on July 29.) SOUTH AMBOY, N.J. — Authorities evacuated about 200 people from a NJ Transit train in South Amboy this morning after a passenger found a suspicious note, officials said. The train was removed from...
BNSF says earnings hit covers Montana legal decision
(The Associated Press circulated the following on July 29.) HELENA, Mont. — BNSF Railway says it took a $175 million earnings hit this month in order to prepare for environmental lawsuits in Montana. The company told Gov. Brian Schweitzer that it estimated the figure...
Railroad industry donations add freight to regulation bill
(The following story by J.C. O’Connell appeared on the Colorado Independent website on July 29. DENVER, Colo. — Two western railroad companies are donating an unusually high amount — more than $1 million — to the Denver National Convention (DNC) host committee — at...
UP shares rally with transportation sector
(The following story by Jacob Taylor appeared at Investerms.com on July 29.) Union Pacific Corporation (NYSE: UNP) shares surged higher Tuesday as the transportation sector exhibited unprecedented strength thanks to renewed confidence in the economy and lower oil...
Analysts say CN, CP on track for a rally
(The following story by Brent Jang appeared on the Globe and Mail website on July 30.) TORONTO — If the battle between Canada's two largest freight carriers were a reality TV show, Canadian National Railway Co. would be out-manoeuvring Canadian Pacific Railway Ltd....
Sector wrap: Railroads leap as oil dwindles
(The Associated Press circulated the following on July 29.) NEW YORK — Shares of freight railroad operators accelerated Tuesday amid a broader market rally, as oil prices traded at their lowest point in seven weeks. Light, sweet crude for September delivery fell $2.54...
