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Daily Headlines
Teamsters offer Disaster Relief assistance in Kentucky
CLEVELAND, February 29 — 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...
After the Civil War, thousands of black men found work as Pullman porters
(The following story by Jonathan Pitts appeared on the Baltimore Sun website on February 27.) BALTIMORE, Med. — Thirty-three years ago, when E. Donald Hughes II was a bright, athletic young man just starting out in college, his father made a suggestion he considered...
Opinion: Railroads on the mind…
(The following column by Dave Schneider appeared at Logistics.com on February 28.) Questions keep coming about rates. What are rates going to do? There seems to be a consensus that the rates are going to continue to be soft, as we enter into the pre-election...
UP increasing train speed through Wellington, Kan.
(Union Pacific issued the following on February 28.) OMAHA, Neb. — Union Pacific Railroad will increase the speed of its trains to 49 mph on three miles of its rail line through Wellington, Kan. Train speeds will be increased five miles per hour on March 3, 2008, and...
SEPTA ridership up, despite fare increases
(The following story by Dan Geringer appeared on the Philadelphia Daily News website on February 29.)0 PHILADELPHIA, Pa. — When SEPTA hiked fares 12 percent last summer, transit-agency officials said they expected ridership to decline, as it had after prior fare...
Caltrain incidents delay commuters
(The following story by Will Reisman appeared on The Examiner website on February 29.) SAN MATEO COUNTY, Calif. — Two incidents on opposite ends of Caltrain’s service route left evening commuters saddled with delays Thursday. At approximately 3 p.m. an unidentified...
UP declares quarterly dividend of 44 cents a share
(Union Pacific issued the following on February 28.) OMAHA, Neb. — The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 44 cents per share on its common stock, payable April 1, 2008 to stockholders of record March 12,...
CSX train derails in Tenn.
(The following story by Tonya Smith-King appeared on the Jackson Sun website on February 29.) MILAN, Tenn. — Part of a cargo train that was carrying hazardous materials derailed Thursday night in Milan, but none of the hazardous materials leaked out, according to a...
Opinion: Buffett knows best when it comes to BNSF
(The following appeared at SeekingAlpha.com on February 29.) Burlington Northern Santa Fe (NYSE: BNI) ($89.05) is the second-largest railroad firm in the U.S., with a track network stretching some 32,000 miles through 28 U.S. states and two Canadian provinces. The...
Railroads on track with profits despite economic concerns
(The following story by Vance Cariaga appeared on the Investor's Business Daily website on February 28.) The recent rebound in railroad stocks is as much about expectations as anything else. Expectations for the sector were pretty low in late December and early...
