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Daily Headlines
Railroads lobby to derail antitrust bill
(The Associated Press circulated the following on January 24.) WASHINGTON, D.C. — The Association of American Railroads paid Washington Council Ernst & Young $160,000 in the second half of 2007 to lobby the federal government. Transportation-tax incentives and...
Freight railroads reach accord With UTU
(The National Carriers' Conference Committee issued the following on January 24.) WASHINGTON, D.C. — The nation's major freight railroads and the United Transportation Union (UTU) reached tentative agreement Wednesday on a new contract covering wages, benefits and...
Berkshire buys more BNSF shares
(The Associated Press circulated the following by Timberly Ross on January 24.) OMAHA, Neb. — Warren Buffett's company is adding to its stake in Burlington Northern Santa Fe Corp., the nation's second-largest railroad. The billionaire's Berkshire Hathaway Inc. now...
CN puts faith in new B.C. terminal in coming year
(The following story by Scott Deveau appeared on the Financial Post website on January 22.) OTTAWA — Due to the current volatility in the North American market, it was with "some trepidation" that Canadian National Railway Co. forecast that increased volumes from its...
UP CEO sees no major US downturn in ’08
(Reuters circulated the following on January 24.) CHICAGO — No. 1 U.S. railroad Union Pacific Corp. is not counting on a recession hitting the U.S. economy in 2008 but for continued slow economic growth, the company's top executive said on Thursday. "We are not...
UP profits up for 4th quarter
(The following story by Joe Ruff appeared on the Omaha World-Herald website on January 24.) OMAHA, Neb. — Union Pacific Corp. on Thursday reported a 1 percent increase in net income for its fourth quarter, driven by higher productivity and strong pricing despite flat...
AAR: Rail freight traffic up for 2nd consecutive week
(The Association of American Railroads issued the following on January 24.) WASHINGTON, D.C. — Freight traffic on U.S. railroads during the week ended January 19 was up for the second consecutive week in comparison with the corresponding week last year, the...
Sector glance: Railroads rise
(The Associated Press circulated the following on January 24.) NEW YORK — Shares of major railroads finished higher Thursday, as investors cheered recent strong earnings reports and indications that demand is improving in the first quarter. Union Pacific Corp. said...
Authorities considered charges against man with face frozen to railroad tracks
(The following story by Randy Hanson appeared on the Hudson Star-Observer website on January 23.) HUDSON, Wisc. — Minnesota authorities have decided not to press criminal charges against a 32-year-old Oak Park Heights man found lying on the Union Pacific Railroad...
NS to invest $1.43 billion in capital improvements
(The following story by Gregory Richards appeared on The Virginian-Pilot on January 23.) NORFOLK, Va. — Norfolk Southern Corp., the country’s fourth largest railroad, said today it plans to invest $1.43 billion this year on such capital expenses as maintaining its...
