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Daily Headlines

Decatur railroad worker dies in accident

(The Associated Press circulated the following on June 27.) DECATUR, Ill. — A 35-year-old Decatur man is dead after a railroad construction accident in the central Illinois town. Macon County Coroner Michael Day says the man was knocked from a catwalk Thursday by some...

UnitedHealth group donates $100,000 to flood relief efforts

(United Healthcare issued the following on June 19.) MINNETONKA, Minn. — Responding to the floods that have now affected seven Midwestern states, UnitedHealth Group (NYSE: UNH) is donating $50,000 each to the American Red Cross and The Salvation Army to assist in...

Budget stalemate threatens Amtrak

(Reported in the Daily Herald Inc. on June 27, 2008) SPRINGFIELD, IL - A group of Amtrak supporters is criticizing Governor Rod Blagojevich's proposal to cut the state's support of passenger train service at a time when high gas prices are on nearly everyone's minds....

CSX Works To Render Activists Impotent

(Reported in Forbes.com by Susan Kitchens on June 26, 2008) Big corporations are on the defensive against activist shareholders due to the bitter, and ongoing, proxy battle between railroad concern CSX and hedge fund The Children's Investment Fund. CSX shareholders...

CSX vote delay — desperate gamble or shrewd move?

(Reuters circulated the following story by Nick Carey on June 26.) NEW ORLEANS — U.S. railroad CSX Corp's unusual decision to postpone releasing results of a shareholder vote looked to some like a desperate attempt to delay the inevitable appointment of several...

5 officers’ suits call NJ Transit’s top cop a tyrant

(As reported by Josh Margolin in The Star-Ledger on June 27, 2008) NEWARK, NJ - Five New Jersey Transit police officers, including the agency's first female lieutenant, have filed separate lawsuits over the past year accusing NJ Transit's top cop of harassment,...

Fuel surcharge lawsuits, antitrust fines growing

(The following story by John D. Schulz appeared on the Logistics Management website on June 26.) WASHINGTON, D.C. — Fuel surcharge lawsuits are increasing almost at the dizzying rate of the hikes in the cost of crude oil and diesel fuel, attorneys and carriers say....

Benefit rate increase for railroad unemployment and sickness benefits

(The U.S. Railroad Retirement Board issued the following on June 2.) CHICAGO — The maximum daily benefit rate payable for claims under the Railroad Unemployment Insurance Act increases to $61 from $59 in the new benefit year, which begins July 1, 2008. Benefits are...

AAR: Rail freight traffic down due to Midwest floods

(The Association of American Railroads issued the following on June 26.) WASHINGTON, D.C. — Midwest floods continued to negatively impact rail freight traffic during the week ended June 21, the Association of American Railroads (AAR) reported today. Carload freight in...

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