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Daily Headlines
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...
NJ Transit: Lackawanna Cutoff rail line won’t carry freight
(The following story by Jim Lockwood appeared on The Star-Ledger website on June 18.) NEWARK, N.J. — A revived 7.3-mile stretch of the Lackawanna Cutoff in Sussex County would be for commuter trains only and would not be a freight line, officials said today during a...
Pa. residents discuss benefits of NS yard relocation
(The following story by Bernard Harris appeared on the Lancaster New Era website on June 18.) LANCASTER, Pa. — Cleaner air, less trucks on area roads and prospering businesses — those are among the benefits Franklin & Marshall College officials claim will come from a...
Fla. officials back suggested conditions for CSX freight terminal
(The following story by Tom Palmer appeared on the Lakeland Ledger website on June 19.) BARTOW, Fla. — Polk County commissioners voted 4-1 Wednesday to endorse a list of 20 suggested conditions for the proposed CSX rail freight terminal in Winter Haven. The county's...
Barrington residents think traffic jams foreshadow EJ&E sale
(The following story by Chad Brooks appeared on the Daily Herald website on June 19.) CHICAGO — The traffic jams caused by railroad work in Barrington this week have left some residents wondering if that's just a preview of what's to come if a controversial buyout of...
MTA vice chairman says free pass is why he rides LIRR
(The following story by Steve Ritea appeared on the Newsday website on June 19.) NEW YORK — The Metropolitan Transportation Authority board's vice chairman is all for taking the Long Island Rail Road - but only if it's a free ride, courtesy of the systemwide passes he...
Another bridge replacement delay announced by Amtrak
(The following story by Katie Warchut appeared on The Day website on June 18.) NEW LONDON, Conn. — Amtrak has again rescheduled the replacement of the moveable span of the Thames River railroad bridge. The replacement is now set for June 24 through June 27 -- the...
Schumer may propose bill concerning CSX ruling
(The following story by Ron Orol appeared on The Deal website on June 18.) NEW YORK — A battle over whether some activist hedge fund managers will be able to continue to sneak up on certain target corporations is being waged in the courts, the Securities and Exchange...
Activist hedge fund TCI battles to limit damage from U.S. court judgment
(The following story by Stephen Foley appeared on The Independent website on June 18.) LONDON — "Some people deliberately go close to the line dividing legal from illegal if they see a sufficient opportunity for profit in doing so. A few cross that line." Chris Hohn,...
Hedge funds get an ally in CSX proxy battle
(The following story by Susan Kitchens appeared at Forbes.com on June 18.) NEW YORK — Two dissident shareholders that have been giving CSX a hard time just got a leg-up in their impending proxy fight. Late Tuesday, Children’s Investment Fund and 3G Capital Partners...
