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Daily Headlines
KCS de Mexico upgraded
(The following appeared at EarthTimes.org on February 27.) NEW YORK — Fitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of Kansas City Southern de Mexico, S.A. de C.V. (KCSM) to 'BB-'from 'B+'. The Rating Outlook is Stable. Fitch...
MTA to unveil $30 billion, five-year capital plan
(The following appeared at NY1.com on February 27.) NEW YORK — As the MTA unveils its new five-year capital rebuilding program today in Manhattan, there's word completion of the long-awaited Second Avenue subway is being delayed again. NY1 has learned that while the...
FRA testifies on FY09 budget
WASHINGTON, D.C. — Federal Railroad Administrator Joseph Boardman testified on February 26 regarding FRA’s budget before the House Subcommittee on Transportation, Housing and Urban Development, and Related Agencies. A copy of his testimony was provided to the BLET,...
STB to hold hearing on ‘common carrier obligation’
(The following appeared on the Logistics Management website on February 26.) WASHINGTON, D.C. — The Surface Transportation Board (STB) announced yesterday that it will hold a hearing on April 24, which will focus on the common carrier obligation of railroads. In a...
CSX chief, wife issue $1 million challenge
(The following story by David Hunt appeared on The Florida Times-Union website on February 27.) JACKSONVILLE, Fla. — CSX Transportation CEO Michael Ward and his wife, Terry, are challenging the First Coast to donate $1 million to fight domestic violence. That's how...
CN’s Harrison cashes in options
(The following story by David Pett appeared on the Financial Post website on February 25.) OTTAWA — Canadian National Railway Co. president and CEO E. Hunter Harrison exercised 275,022 options for company shares at US$10.18 each on Feb. 13, 2008. He sold all of these...
BNSF COO sells shares
(The Associated Press circulated the following on February 27.) NEW YORK — The chief operating officer of railroad operator Burlington Northern Santa Fe Corp. sold 8,243 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4...
TCI to face Congressional grilling over CSX
(The following story by Stephanie Kirchgaessner and James Mackintosh appeared on the Financial Times website on February 26.) WASHINGTON, D.C. — Politicians will enter the increasingly bitter feud between one of London’s most powerful hedge funds and CSX, one of the...
Amtrak requests $1.67 billion
(The Associated Press circulated the following on February 26.) WASHINGTON, D.C. — Amtrak has requested $1.67 billion in federal funding for the next fiscal year, 26 percent more than it is receiving this year. The Bush administration has asked for only $800 million...
Mobile’s last steam engineer, J.R. Phillips, dies
(The following story by Roy Hoffman appeared on the Press Register website on February 26. Brother J.R. Phillips was a member of BLET Division 140 in Mobile, Ala.) MOBILE, Ala. — James Richard "J.R." Phillips, a longtime steam engineer for L&N Railroad, died Sunday of...
