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Daily Headlines
Will remote control come out of the yard?
(The following story by Douglas John Bowen appeared on the Railway Age website on March 14.) All eyes are on the prize—remote control locomotive (RCL) operations on main line track. Almost everyone acknowledges it’s possible, even feasible. Most will allow that, in...
Amtrak bomb threat evacuates hundreds
(The following appeared at WRIC.com on March 17.) RICHMOND, Va. — Reports of a bomb on an Amtrak train in Emporia forced hundreds of people onboard to evacuate. A number of streets were shut down overnight around where the Amtrak train stopped in the middle of town....
Anti-terror rules for trains rapped
(The following story by Mimi Hall appeared on the USA Today website on March 13.) WASHINGTON, D.C. — New anti-terrorism rules aimed at stopping companies from sending railway cars packed with toxic chemicals through cities may still leave large populations vulnerable,...
Railway earnings drag expected in short term
(The following appeared on the National Post website on March 17.) OTTAWA — Harsh winter weather, a soaring loonie, and high fuel prices are expected to drag on the earnings of the country’s largest railways in the first part of this year, according to David Newman,...
Credit agencies affirm CSX debt ratings
(The Associated Press circulated the following on March 17.) NEW YORK — Three major credit rating agencies on Monday affirmed the debt ratings of CSX Corp., saying that strong earnings and efficiency should allow the railroad to weather added debt from a recently...
CSX sues hedge funds on securities laws
(The Associated Press circulated the following on March 17.) JACKSONVILLE, Fla. — CSX Corp. sued two hedge funds on Monday, alleging they violated federal securities laws in their attempt to make changes to the railroad company's corporate structure. CSX said in a...
BNSF CEO paid $12.7 million in 2007
(The Associated Press circulated the following by David Koenig on March 17.) DALLAS — The chief executive of Burlington Northern Santa Fe Corp. got compensation valued at $12.6 million in 2007, 3 percent more than the year before, as the railroad operator's profits...
CN chief says EJ&E impact overstated
(The following story by Chad Brooks appeared on the Chicago Daily Herald website on March 18.) CHICAGO — Any downside of Canadian National's proposed buyout of the Elgin, Joliet and Eastern rail line has been overstated, the firm says, asserting the move would benefit...
CN chief pleads for EJ&E understanding
(The following story by Keith Benman appeared on the Munster Times website on March 18.) CHICAGO — Canadian National Railway Co. is complaining of "exaggerated" claims of negative environmental impacts by those opposing its proposed purchase of the EJ&E Railway. "We...
Will RCL come out of the yard?
(The following story by Douglas John Bowen appeared on the Railway Age website on March 14.) All eyes are on the prize—remote control locomotive (RCL) operations on main line track. Almost everyone acknowledges it’s possible, even feasible. Most will allow that, in...
