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Daily Headlines
Sector snap: Railroads rise
(The Associated Press circulated the following on January 23.) NEW YORK — Railroad stocks rebounded in midday trading Wednesday following an early slump, as investors applauded stronger-than-expected earnings reports and a sector upgrade by a Bear Stearns analyst....
Sector snap: Railroads rise
(The Associated Press circulated the following on January 23.) NEW YORK — Railroad stocks rebounded in midday trading Wednesday following an early slump, as investors applauded stronger-than-expected earnings reports and a sector upgrade by a Bear Stearns analyst....
UP 4Q profit up 1 percent
(The Associated Press circulated the following by Josh Funk on January 24.) OMAHA, Neb. — Union Pacific Corp. said Thursday that revenue growth and improved efficiency helped the railroad increase its fourth-quarter profit 1 percent even though shipping volume was...
UP reports fourth quarter, full-year earnings
(Union Pacific issued the following on January 24.) OMAHA, Neb. — Union Pacific Corporation today reported 2007 fourth quarter net income of $491 million, or $1.86 per diluted share, compared to $485 million, or $1.78 per diluted share in the fourth quarter of 2006....
Transit commissioner’s role questioned in CSX deal
(The following story by Lindsay Peterson appeared on The Tampa Tribune website on January 23.) TAMPA, Fla. — In January 2006, the Florida Department of Transportation hit a snag negotiating a nearly half-billion-dollar deal with CSX Transportation, so then-DOT...
Little progress made in clearing Ore. slide
(The Associated Press circulated the following on January 23.) OAKRIDGE, Ore. — Railroad and government officials say it's too soon to tell what caused the landslide that buried train tracks outside of Oakridge, choking off one of Oregon's major passenger and freight...
CSX rail liability deal spurs debate
(The following report by Bill Rufty appeared on The Lakeland Ledger website on January 23.) LAKELAND, Fla. — A behind-the-scenes agreement worked out between a Florida agency and CSX Transportation would protect the railroad from liability for accidents on tracks it...
CSX’s 4Q profit rises
(The Associated Press circulated the following on January 22.) JACKSONVILLE, Fla. — Railroad operator CSX Corp. (NYSE:CSX) said Tuesday its profit rose more than 5 percent in the fourth quarter, as expanding business and productivity increases offset sharply higher...
Amtrak trains see ridership surge in Calif.
(The following report appeared on the Siskiyou Daily News website on January 22.) SACRAMENTO, Calif. — Ridership on the state-supported Amtrak California trains continued an upward trend during the final quarter of 2007, with an increase of 7.7 percent, a recent press...
NS inks deal to improve 50-mile stretch
(The following story by Gregory Richards appeared on The Virginian-Pilot website on January 23.) NORFOLK, Va. — Norfolk Southern Corp. has signed a $57 million agreement with the Virginia Department of Rail and Public Transportation to improve its railroad tracks...
