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Daily Headlines

Close call could have been ‘suicide by train’

(The following story by Frank Graham appeared on the North Platte Bulletin website on July 16. John Tolman is Vice President & National Legislative Representative of the BLET.) NORTH PLATTE, Neb. — Union Pacific Railroad special investigators and deputies from the...

Editorial: Nova Scotia waiting for better days in shipping

(The following editorial appeared on the Chronicle Herald website on July 17.) HALIFAX, N.S. — The downturn in the U.S. economy is hitting many North American ports hard, especially on the East Coast. Halifax is no exception. The American subprime mess flooded the...

CSX sees ’09 price increases above inflation: CEO

(Reuters circulated the following on July 16.) CHICAGO — U.S. railroad CSX Corp. should see price increases in 2009 above the rate of inflation, the company's top executive said on Wednesday. In a conference call with analysts, Chief Executive Michael Ward said it was...

CSX shares rise 6 pct after solid earnings report

(Reuters circulated the following story on July 17.) CHICAGO — Shares of CSX Corp. rose 6 percent on Wednesday after the railroad reported an profit in line with expectations late Tuesday as strong pricing offset declining freight volumes. The railroad also said that...

Big rig hits KCS train; driver survives

(The following appeared on the Shreveport Times website on July 17.) SHREVEPORT, La. — The driver of an 18-wheeler walked away from a crash with a train Wednesday. Jorge Mandro was approaching the Kansas City Southern railroad tracks that parallel state Highway 1...

Business bigwigs all aboard with Kerry’s Acela plan

(The following story by Hillary Chabot appeared on the Boston Herald website on July 16.) BOSTON — Hub business leaders are embracing U.S. Sen. John F. Kerry’s plan to improve infrastructure along the high-speed Acela train’s northeast route allowing the bullet train...

New CP Rail intermodal container yard will be huge

(The following story by Veronica Rhodes appeared on the Leader-Post website on July 17.) REGINA, Sask. — The planned Canadian Pacific intermodal facility (IMF) could be bringing national distribution centres to Regina, the size of which the Queen City has never seen....

CSX CEO tells latest on proxy battle

(The following story by Tom Brennan appeared at CNBC.com on July 16.) NEW YORK — CSX Chief Executive Michael Ward just can’t do enough. At least not for the hedge funds that have been trying to take control of his company. The rails company reported a 19% jump in...

Court to rule on CSX shareholder vote: CEO

(Reuters circulated the following on July 16.) CHICAGO — The "final outcome" of a contested shareholder vote at U.S. railroad CSX Corp. will depend on a court ruling later this summer on whether two hedge funds could vote all their shares, the company's top official...

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