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Daily Headlines
Amtrak moves passengers by bus after UP derailment
(The Associated Press circulated the following on April 23.) PONTIAC, Mich. — Amtrak canceled some trains between St. Louis and Chicago and planned to put passengers from others on chartered buses after a freight train derailment Wednesday blocked tracks. Union...
Oregon residents get ready for humongous trains
(The following story by Lona Pierce appeared on The South County Spotlight website on April 24.) SCAPPOOSE, Ore. — With the prospect of at least four unit trains (two each way) traveling the length of Columbia County every week, local residents have recently been...
NS expects to increase rates, handle more coal
(The following story by Gregory Richards appeared on The Virginian-Pilot website on April 23.) NORFOLK, Va. — Norfolk Southern Corp. executives anticipate being able to raise rates at least 4 percent this year on average, with the expectation that the demand for...
Sector wrap: Railroads fall after NS 1Q miss
(The Associated Press circulated the following on April 23.) NEW YORK — Shares of railroads finished lower Wednesday, as investors reacted to Norfolk Southern Corp.'s first-quarter earnings that missed analysts' expectations and the downgrade of Canadian Pacific...
Canadian railways cheaper than their U.S. cousins
(The following story by Scott Deveau appeared on the Financial Post website on April 24.) OTTAWA — Despite a rocky first quarter, Canadian railroads are currently priced attractively relative to their U.S. counterparts, with Canadian National Railway Co. (CN/TSX)...
CN, CP Rail yet to board U.S. rail rally
(The following story by Brent Jang appeared on the Toronto Star website on April 24.) TORONTO — Canada's two largest railways are forecasting another year of stellar profit, but the freight carriers have yet to excite investors because of lingering concerns over...
UP reports record first quarter earnings
(Union Pacific issued the following on April 24.) OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported 2008 first quarter net income of $443 million, or $1.70 per diluted share, compared to $386 million, or $1.41 per diluted share in the first quarter of...
Whirlpool suspends 39 workers, says they lied about smoking
(The Associated Press circulated the following story by Tom Murphy on April 23.) INDIANAPOLIS — Smoking can be hazardous to your health, and it's turning into a bad career move, too. A Whirlpool Corp. factory in Evansville, Ind., has suspended 39 workers who signed...
April 28 is deadline for Teamster Disaster Relief assistance in Georgia
CLEVELAND, April 23 — The Teamsters Disaster Relief Fund is accepting applications for assistance from members in the state of Georgia after severe storms, tornadoes and flooding caused major damage from March 14-16. If you or someone you know needs help, please call...
Feet on a seat? No way in UK
(The following story by Steve Ritea appeared on the Newsday website on April 22.) NEW YORK — Those who insist on using Long Island Rail Road seats to prop up tired legs - ignoring posters and reminders from conductors - would have their feet held to the fire on trains...
