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Daily Headlines
NJ Transit probes latest door incidents
(The following story by Larry Higgs appeared on the Asbury Park Press website on April 18.) ASBURY PARK, N.J. — NJ Transit officials have hired a consultant to look at the "root cause" of five incidents in which doors on moving trains carrying passengers opened...
NS worker seriously hurt in Indiana yard accident
(The following appeared at WNDU.com on April 17.) ELKHART, Ind. — A Norfolk Southern employee was seriously hurt in an accident early this morning after attempting to stop a runaway train car. Elkhart police say 28-year-old Brian Straight was struck by a train car...
AAR: Intermodal freight up, carload freight down on U.S. railroads
(The Association of American Railroads issued the following on April 17.) WASHINGTON, D.C. — Intermodal volume was up while carload freight was down during the week ended April 12 in comparison with the corresponding week last year, the Association of American...
Teamsters offer Disaster Relief assistance in Georgia
CLEVELAND, April 17 — 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...
NS names Friedmann to head strategic planning, Mazur retires
(Norfolk Southern issued the following on April 16.) NORFOLK, Va. — John H. Friedmann has been named vice president strategic planning for Norfolk Southern Corporation, effective May 1, with headquarters in Norfolk. He will report to Deborah H. Butler, executive vice...
KCS declares preferred stock dividends
(Kansas City Southern issued the following on April 15.) KANSAS CITY, Mo. — The Executive Committee of Kansas City Southern's Board of Directors today declared a cash dividend of $5.3125 per share on the outstanding 4.25% Redeemable Cumulative Convertible Perpetual...
CSX sees gains from chronic road congestion
(Dow Jones circulated the following on April 16.) CHICAGO — U.S. railroad operators will benefit from chronic road congestion, according to the head of CSX Corp. (CSX), which along with its peers is lobbying for an investment tax credit to boost existing spending on...
Rails, shippers soar on upbeat earnings reports
(Associated Press circulated the following on April 16.) NEW YORK — Railroads hit new highs Wednesday, as a Lehman Brothers analyst said the group should continue posting strong earnings this year following CSX Corp.'s better-than-expected first-quarter report....
Rail carriers told to assess risks on hazmat routes
(The Associated Press circulated the following story by Catherine Tsai on April 16.) DENVER — Railroads will be required to haul the most hazardous materials on their most secure routes under a new Transportation Department rule announced Wednesday aimed at reducing...
STB computes rail industry’s ’06 cost of capital, creates new office
(The following appeared on the Progressive Railroading website on April 16.) The Surface Transportation Board (STB) has calculated the rail industry's cost of capital for 2006 using a methodological change for the first time. The board determined the industry had an...
