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Daily Headlines
Norfolk Southern Foundation outlines charitable support
(Norfolk Southern issued the following on April 29.) NORFOLK, Va. — The Norfolk Southern Foundation awarded grants worth $4.92 million in 2007 and plans to award grants worth approximately $5 million in 2008 to charitable organizations supporting cultural,...
County seeks funding to complete MOM rail line study
(The following story appeared on the Colts Neck News Transcript website on April 30.) FREEHOLD, N.J. — Monmouth County officials have submitted a request to U.S. senators Frank Lautenberg and Robert Menendez for the $1.5 million needed to complete the Final...
CN presents Safe Handling Awards to shippers
(CN issued the following on April 29.) MONTREAL — CN today announced the winners of its Safe Handling Awards for 2007. These awards are among the most coveted and respected in the industry. In all, 79 companies were presented with the Safe Handling Awards at a special...
Missouri to continue Amtrak train subsidy
(The Associated Press circulated the following on April 29.) JEFFERSON CITY, Mo. — Amtrak gets the money to keep two passenger trains chugging back and forth across Missouri. House and Senate budget negotiators agreed Tuesday to provide $8 million in subsidies for the...
BNSF drives up income, drives down operating ratio despite skyrocketing fuel costs
(The following appeared on the Progressive Railroading website on April 29.) In the first quarter, Burlington Northern Santa Fe Corp. established a few unwanted firsts. Quarterly fuel expenses surpassed $1 billion and fuel became the Class I's largest expense category...
Crops and coal have BNSF on track
(The following story by Michael Hooper appeared on The Capital-Journal website on April 30.) TOPEKA, Kan. — It isn't just the farmers making money from corn and ethanol. Railroads like Burlington Northern Santa Fe are making big profits from shipping corn, wheat,...
Rising freight rates put a strain on farm profits
(The following story by Paul Waldie appeared on the Globe and Mail website on April 30.) TORONTO — Ian McCreary is already paying sky-high prices for fertilizer and fuel to run his grain farm near Bladworth, Sask. Now he's facing an 8-per-cent increase in freight...
CN Rail sees EJ&E environment review done by year’s end
(Reuters circulated the following on April 29.) VANCOUVER, B.C. — Canadian National Railway (CNR.TO: Quote, Profile, Research) expects an environmental review of its planned acquisition of the Chicago area's Elgin, Joliet & Eastern Railway to be completed by year's...
Hedge funds offer details on CSX restructuring plans
(Dow Jones Newswires circulated the following on April 30.) CHICAGO —The hedge funds pursuing strategic reform at CSX Corp. (CSX) on Wednesday claimed their plans could double operating profits at the third-largest U.S. railroad operator within five years. The...
Opinion: CSX deal will benefit entire Tampa Bay area
(The following editorial by Ronnie Duncan appeared on The Tampa Tribune website on April 30. Mr. Duncan is a Pinellas County commissioner and vice chairman of the Tampa Bay Area Regional Transportation Authority.) TAMPA, Fla. — As any business executive will tell you,...
