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Daily Headlines
American Axle Strike costing UP $15 million per month
(Dow Jones circulated the following on April 24.) CHICAGO — Union Pacific Corp. (UNP) said on Thursday that the strike at American Axle & Manufacturing Holdings Inc. (AXL) was costing the railroad $15 million a month. The two-month old strike by the U.S. auto-parts...
UP: Olympics create a ‘wild card’ for rail demand
(Dow Jones circulated the following on April 24.) CHICAGO — Union Pacific Corp. (UNP) on Thursday said the closure of factories in China around the time of the Beijing Olympics created a "wild card" for railroad demand in the third quarter. The largest U.S. railroad...
UP CEO: Losing some business to trucks
(Dow Jones circulated the following on April 24.) CHICAGO — Union Pacific Corp. (UNP) said on Thursday that it was losing some business to trucking companies as customers balked at higher fuel- related rail rates. Jim Young, chief executive of the largest U.S....
UP agreed to pay $400,000 in pollution case
(The Associated Press circulated the following on April 24.) OMAHA, Neb. — Union Pacific Corp. agreed to pay $400,000 and admit violating federal environmental laws to settle a California case. Union Pacific agreed last month to plead guilty to two misdemeanors for...
Feds sue NS in Graniteville disaster
(The following story by Sammy Fretwell appeared on The State website on April 25.) COLUMBIA, S.C. — Federal prosecutors sued the Norfolk Southern railroad company Thursday over pollution that settled in a creek after a deadly 2005 train crash in Graniteville. The...
NS accused of water pollution in Graniteville wreck
(The Associated Press circulated the following on April 24.) COLUMBIA, S.C. — Federal prosecutors say the owner of a train involved in a deadly chemical spill in South Carolina should be fined for violating the Clean Water Act. Prosecutors argue in court documents...
AAR: Strong coal, grain loadings reported on U.S. railroads
(The Association of American Railroads issued the following on April 24.) WASHINGTON, D.C. — Thanks to strong increases in loadings of coal and grain, carload freight was up on U.S. railroads during the week ended April 19 in comparison with the corresponding week...
Closing glance: Rails, shippers rise on strong 1Q earnings
(The Associated Press circulated the following on April 24.) NEW YORK — Shares of railroads and shippers finished higher Thursday, as the broader market rallied, oil prices fell, and two railroads reported better-than-expected first-quarter results. The nation's...
UP profit tops Wall St. view
(Reuters circulated the following on April 24.) CHICAGO — No 1 US railroad Union Pacific Corp reported a better-than-expected profit on Thursday, citing strong pricing that offset flat freight volumes, and a lower tax rate. But the railroad gave a second-quarter...
KCS 1Q revenues, operating income and operating ratio improve
(Kansas City Southern issued the following on April 24.) KANSAS CITY, Mo. — City Southern (KCS) (NYSE:KSU) recorded first quarter 2008 revenues of $450.6 million, a 9.6% increase over first quarter 2007. The revenue growth was attributable to a continued strong...
