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Daily Headlines
Train too tall for Detroit tunnel
(Canwest News Service circulated the following on June 17.) WINDSOR, Ont. — A CP Rail train heading through the tunnel from Detroit suffered significant damage when the tops of containers on 24 cars slammed into the tunnel's roof. The incident happened shortly after 2...
Iowa, Missouri flooding causes delays for BNSF
(The Associated Press circulated the following story by Maria Sudekum Fisher on June 17.) FORT MADISON, Iowa — Flooding in Missouri and Iowa has caused major delays for the BNSF Railway Co., which won't resume normal traffic until after several rivers have crested, a...
Great Plains and Midwest floods wash out track, bridges
(The following appeared on the Progressive Railroading website on June 16.) Storms that dumped more than eight inches of rain in parts of Illinois, Iowa, Kansas, Minnesota, Missouri and Nebraska last week have caused floods that washed out track and weakened bridges...
Town enlists federal Rep. in EJ&E fight
(The following story by Janet Lundquist appeared on the Suburban Chicago News website on June 17.) PLAINFIELD, Ill. — Plainfield officials have enlisted the support of a federal ally in their concerns about the possible sale of the Elgin, Joliet and Eastern railroad...
Plainfield officials knock EJ&E purchase plan
(The following story by Erika Slife appeared on the Chicago Tribune website on June 17.) CHICAGO — As the afternoon stretched close to rush hour on Monday, cars began stacking up on Illinois Highway 126, the main road into Plainfield from Interstate Highway 55. The...
EJ&E traffic ‘nightmare’ predicted
(The following story by Louise Brass appeared on the Suburban Chicago News website on June 17.) CHICAGO — Increased rail freight traffic would create a "nightmare" if Canadian National Railroad acquires the Elgin, Joliet & Eastern Railway, Plainfield officials said...
Petitions filed in DM&E domain battle
(The following story by Terry Woster appeared on the Argus Leader website on June 17.) PIERRE, S.D. — A group trying to kill a proposed law that speeds the hearing process in railroad eminent domain actions filed petitions Monday for a public vote. The group, Protect...
Hedge funds fail to win proxy service backing in CSX fight
(The following appeared at FINalternatives.com on June 17.) A pair of proxy advisers has dealt a setback to the activist hedge funds seeking to elect a dissident slate to CSX Corp.’s board of directors. Proxy Governance has recommended that shareholders vote for only...
Proxy firm backs 2 of 5 CSX shareholder nominees
(The Associated Press circulated the following on June 16.) NEW YORK — Advisory firm Proxy Governance on Monday recommended shareholders of freight railroad CSX Corp. support two out of five board contenders nominated by a group of dissident shareholders. The firm...
Proxy adviser touts CSX board slate
(Bloomberg News circulated the following story by Angela Greiling Keane on June 16.) NEW YORK — CSX Corp. shareholders should vote for the railroad's board slate over nominees backed by hedge funds TCI Fund Management LLP and 3G Capital Partners Ltd., a proxy advisory...
