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Daily Headlines
CSX invites 2 dissidents to board, 2 await appeal
(Reuters circulated the following on July 25.) CHICAGO — U.S. railroad CSX Corp. said on Friday that two nominees from a dissident shareholder slate could join its board immediately, but two other seats on the board are the subject of a court appeal. Two hedge fund...
BNSF reports second quarter results
(Burlington Northern Santa Fe issued the following on July 24.) FORT WORTH, Texas — Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported quarterly earnings of $1.00 per diluted share, which included a $0.31 per share charge related to...
BNSF profit down due to cleanup costs
(The following story by Bob Cox appeared on the Fort Worth Star Telegram website on July 25.) FORT WORTH, Texas — Burlington Northern Santa Fe, the Fort Worth-based railroad company, said that its second-quarter profit declined 19 percent, largely because of one-time...
CN’s EJ&E deal no deterrent to Metra, Amtrak, STB report says
(The following report by Richard Wronski appeared on the Chicago Tribune website on July 26.) CHICAGO — Federal officials reviewing the impact of the proposed acquisition of the Elgin, Joliet & Eastern Railway by the Canadian National Railway concluded Friday that the...
Deadline is August 18 for Teamster Disaster Relief assistance in Missouri
CLEVELAND, July 23 — The Teamsters Disaster Relief Fund is accepting applications for assistance from members in the state of Missouri after severe storms and flooding caused major damage in the following counties: Clark, Lewis, Lincoln, Marion, Pike, Ralls and St....
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...
Opinion: Full steam ahead for NS
(The following column by Christopher Barker appeared on the Motley Fool website on July 23.) NEW YORK — Thankfully for many Midwesterners, the floodwaters that ravaged their homes and destroyed nearby crops last month receded about as quickly as they rose. While...
Opinion New Hampshire can no longer afford to go without passenger rail
(The following column by Mark Richardson appeared on the Union Leader website on July 24. Mr. Richardson, of Bedford, N.H., is a member of the New Hampshire Railroad Revitalization Association.) MANCHESTER, N.H. — Passenger trains move people around quickly,...
Chicago-area residents rise to fight CN’s EJ&E bid
(The following story by Justin Kmitch appeared on the Daily Herald website on July 24.) CHICAGO — They know they've got an uphill battle, but several local communities battling Canadian National Railway Co.'s $300 million pending purchase of the Elgin Joliet & Eastern...
MARC apologizes for poor service
(The following story by Michael Dresser appeared on the Baltimore Sun website on July 24.) BALTIMORE — The head of the Maryland Transit Administration offered beleaguered MARC train commuters an apology and a series of explanations yesterday for what he called six...
