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Daily Headlines
CN, CP Rail earnings expected to take a hit from fuel costs and weather
(The following report appeared on the National Post website on March 6.) OTTAWA — Increased fuel cost and harsh winter weather are expected to drag on the earnings of the Canada’s largest railways in the first quarter, which had UBS analyst Fadi Chamoun lowering his...
Railroad worker dies when crushed between cars
(The following appeared on the Fon du Lac Reporter website on March 7.) RANDOM LAKE, Wisc. — A train conductor from Indiana died in Random Lake on Wednesday night when he was crushed between two railroad cars while making a delivery, officials said Thursday. Frederick...
UP spends $9.7 million to lobby
(The Associated Press circulated the following on March 6.) WASHINGTON, D.C. — Railroad operator Union Pacific Corp. spent $9.7 million in 2007 to lobby against potential new regulations on the railroad industry, among other issues. The Omaha, Neb.-based company spent...
Lawsuit alleges railroads inflated fuel surcharges
(Dow Jones Newswires circulated the following story by Doug Cameron on March 6.) NEW YORK — The largest U.S. railroad operators will on Friday face the first court test of allegations they illegally inflated fuel surcharges by billions of dollars over the past five...
AAR: U.S. rail traffic mixed in February
(The Association of American Railroads issued the following on March 6.) WASHINGTON, D.C. — Carload freight traffic on U.S. railroads was up from a year ago but intermodal volume was down during February, the Association of American Railroads (AAR) reported today....
IRS issues economic stimulus Q&A for Railroad Retirement
(The Internal Revenue Service issued the following on March 5.) DID YOU RECEIVE RAILROAD RETIREMENT BENEFITS LAST YEAR? You may be entitled to an economic stimulus payment, often referred to as a rebate, from the federal government. HOW MUCH WILL I GET? You could get...
Teamsters offer Disaster Relief assistance in Kentucky
CLEVELAND, March 6 — The Teamsters Disaster Relief Fund is accepting applications for assistance from members in the state of Kentucky after severe storms, tornadoes, straight-line winds and flooding caused major damage on February 5-6, 2008. Kentucky residents in the...
MM&A names McGonigle VP sales & marketing
(The Montreal, Maine & Atlantic Railway issued the following on March 5.) BANGOR, Maine — Montreal, Maine & Atlantic Railway has appointed Joseph R. McGonigle vice president Sales & Marketing, effective March 3, 2008. He succeeds Richard J. Rushmore, who retires as VP...
SEPTA budget would raise spending, not fares
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on March 6.) PHILADELPHIA — SEPTA plans to spend about 5.6 percent more in the fiscal year that starts July 1 than it will this year, but its new budget calls for no fare increases....
CTA must cut $200 million from new train, bus budget
(The following story by Jon Hilkevitch appeared on the Chicago Tribune website on March 6.) CHICAGO — The Chicago Transit Authority is being forced to cut $200 million from its already underfunded budget for new trains and buses, rail station improvements and other...
