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Daily Headlines
CSX calls proxy group’s opinion ‘superficial’
(Reuters circulated the following on June 18.) NEW YORK — CSX Corp. Wednesday criticized a major proxy group's advice to vote in favor of four board nominees backed by a dissident shareholders' group, the latest blast in one of the most hotly contested proxy battles...
CSX suffers the children
(The following story by Susan Kitchens appeared at Forbes.com on June 18.) NEW YORK — The grown-ups are siding with the children. Children's Investment Fund and its ally 3G Capital Partners have acquired a valuable backer in their bid to gain influence over railroad...
CSX is angry
(The following story by Susan Kitchens appeared at Forbes.com on June 18.) NEW YORK — CSX lashed out Wednesday against a major proxy advisory firm that put its weight behind activist the Children’s Investment Fund, a dissident shareholder trying to get representation...
Amtrak to restore service on 2 flooded routes
(The following appeared on the Chicago Tribune website on June 19.) CHICAGO — Amtrak said Wednesday it expects to restore service this week on two of three passenger-train routes suspended because of Midwest flooding. The passenger rail service said it plans to...
Floods cause detours, delays for rail riders
(The following story by Chris Hubbuch appeared on the La Crosse Tribune website on June 19.) LA CROSSE, Wisc. — Flooding last week in Wisconsin and Iowa has disrupted passenger train service across the country and resulted in delays for passengers traveling to and...
BNSF cuts view on floods, fuel
(Reuters circulated the following on June 18.) NEW YORK — Burlington Northern Santa Fe Corp on Wednesday became the latest U.S. transport company to warn that earnings would miss forecasts because of severe flooding in the U.S. Midwest and rising fuel costs....
Sector snap: Analysts see rails overcoming floods
(The Associated Press circulated the following on June 18.) NEW YORK — U.S. railroad stocks rose Wednesday, as several analysts suggested improving efficiency and strong pricing would keep the group's earnings above water despite the impact of Midwest floods and the...
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...
Operation Lifesaver preaches train safety in Utah
(The following story by Cathy Allred appeared on the Daily Herald website on June 18. Walt Webster is a retired member of BLET Division 846 in Salt Lake City, Utah.) PROVO, Utah — Walt Webster has seen three fatalities during his tenure as a train engineer for the...
Ariz. Senate backs bill for reviews of rail projects
(The Associated Press circulated the following on June 17.) PHOENIX, Ariz. — Arizona lawmakers are giving a go-ahead to a bill to require new state reviews of new railroad projects. The mandate would apply to a new switching yard, which Union Pacific plans to build in...
