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Daily Headlines
U.S. government to announce settlement with Union Pacific on Calif. forest fire
(The following appeared on the Sacramento Bee website on July 22.) SACRAMENTO, Calif. — In a landmark case, the federal government will announce a $102 million settlement today with the Union Pacific Railroad Co. over a forest fire that devastated a massive national...
CN says it’s not tied to EJ&E deal
(The following story by Brent Jang appeared on the Globe and Mail website on July 22.) TORONTO — Canadian National Railway Co. warned yesterday that it's willing to abandon plans to acquire a Chicago-area rail carrier if too many strings are attached to the purchase....
CN reports 2nd quarter, first half financial results
(CN issued the following on July 21.) MONTREAL — CN today reported its financial and operating results for the second quarter and first half ended June 30, 2008. Second-quarter 2008 results: * Diluted earnings per share declined six per cent to C$0.95. * Net income...
CN income dips but outlook on track
(The Canadian Press issued the following on July 22.) MONTREAL — Canadian National Railway Co., Canada's largest railway company, reported a second-quarter profit of $459 million, down 11 per cent, while revenue rose to $2.1 billion. The earnings amounted to 95 cents...
CN earnings down 11 percent
(Canwest News Service circulated the following by Scott Deveau on July 22.) MONTREAL — Canadian National Railway Co. hopes to pick up steam in the latter half of the year, despite turning in an 11-per-cent drop in its second-quarter earnings yesterday. The country's...
CP Rail announces lowered second-quarter results
(Canadian Pacific Railway issued the following on July 22.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced its second-quarter results today. Net income in the second quarter was $155 million, a decrease of 40 percent from $257 million in...
CP Rail Q2 profit down 40 percent; revenue flat at $1.22 billion
(The Canadian Press circulated the following on July 22.) CALGARY — Canadian Pacific Railway Ltd. (TSX:CP) has reported a 40 percent decline in second-quarter profit as surging fuel costs swelled operating expenses while the slackening economy kept revenue flat....
Deadline is August 18 for Teamster Disaster Relief assistance in Missouri
CLEVELAND, July 21 — 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...
Dedicated team keeps UP steam engine chugging
(The Associated Press circulated the following story by Karen Cotton on July 20.) CHEYENNE -- Union Pacific engineer Lynn Nystrom sat in the black vinyl engineer's seat of steam engine No. 844. Nystrom sported overalls that an engineer might have worn in 1944, the...
