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Daily Headlines
NJ Transit cuts Morris rail service
(The following story by Lawrence Ragonese appeared at NJ.com on May 15.) MORRISTOWN, N.J. — NJ Transit has trimmed the number of stops on weekday rail service on the Morris & Essex Line in Morris County by an average of 17.5 percent, almost cutting in half the stops...
Plans to close Oregon short line cause controversy
(The following story by Greg Stiles appeared on the Mail Tribune website on May 14.) MEDFORD, Ore. — Central Oregon & Pacific Railroad parent RailAmerica has had its say about its shuttered rail line in southwestern Oregon. Now the so-called stakeholders of the Coos...
Opinion: Baja port could mean huge increase in Tucson rail, truck traffic
(The following Letter to the Editor by Ann Day appeared on the Tucson Citizen website on May 15. Ms. Day is a Republican member of the Pima County Board of Supervisors and a former state legislator.) TUCSON, Ariz. — 'Tucson at a Crossroads" was the headline of a...
Closing glance: Rails, shippers rise as oil slips
(The Associated Press circulated the following on May 15.) NEW YORK — Shares of railroads and shippers closed mostly higher Thursday, as the price of oil fell slightly. The price of light, sweet crude fell 10 cents to settle at $124.12 a barrel on the New York...
DOT says overall freight activity fell in March
(The Associated Press circulated the following on May 15.) WASHINGTON — Freight activity fell in March while a passenger index rose, according to government data released Wednesday. The Transportation Department's Bureau of Transportation Statistics said its freight...
Powerful intentions: Class Is to add more locomotives
(The following appeared on the Progressive Railroading website on May 15.) Class Is will purchase or lease 690 locomotives in 2008 The seven Class Is will be active power shoppers in 2008, either purchasing or leasing a total of 690 locomotives. BNSF Railway Co. leads...
Warren Buffett again ups stake in BNSF
(The following story by Carl Gutierrez appeared at Forbes.com on May 16.) NEW YORK — It's that time of year again, when investors and analysts get a chance to peak into the holdings of the Oracle of Omaha. What they found this time around is the complete sale of the...
UP targeting low 70s operating ratio by 2012
(Dow Jones Newswires circulated the following story by Terry Kosdrosky on May 15.) DETROIT — The chief executive of Union Pacific Corp. (UNC), the nation's largest railroad operator, said Thursday the company set a goal of having an operating ratio in the low 70s by...
CSX sends letter to shareholders, files investor presentation
(CSX issued the following on May 15.) JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) today announced that it has sent a letter to all CSX shareholders and filed an investor presentation with the Securities and Exchange Commission (the "SEC") in connection with the...
NS, Pan Am Railways create “Patriot Corridor”
(Norfolk Southern and Pan Am Railways issued the following on May 15.) NORTH BILLERICA, Mass. and NORFOLK, Va. — Pan Am Railways (PAR) and Norfolk Southern Railway Company (NS) have agreed to create an improved rail route between Albany, N.Y., and the greater Boston,...
