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Daily Headlines
CSX chief: Fed rate cut should boost US economy
(Reuters circulated the following story by Nick Carey on January 22.) CHICAGO — U.S. Federal Reserve's three-quarter-of-a-percentage-point rate cut should help provide a needed boost for the U.S. economy, the top executive of U.S. railroad company CSX Corp. said on...
CN, UTU announce tentative pact
(CN issued the following on January 22.) CHICAGO and CLEVELAND — CN and the United Transportation Union (UTU) today announced a tentative labor agreement applying to approximately 600 UTU members working on CN’s former Illinois Central (IC) and Chicago, Central &...
CN 4Q net up 67% on gain
(Dow Jones Newswires circulated the following story by Mike Barris on January 22.) NEW YORK — Canadian National Railway Co. (CNI) posted a 67% jump in fourth-quarter net income, aided by gains from a tax adjustment and the sales of its Montreal station complex and...
CN announces 10 per cent increase in quarterly cash dividend
(CN issued the following on January 22.) MONTREAL — CN announced today that its Board of Directors has approved a 10 per cent increase in the Company’s quarterly cash dividend. A quarterly dividend of 23 cents (C$0.23) per common share will be paid on March 31, 2008,...
CN reports Q4, full year results
(CN issued the following on January 22.) MONTREAL — CN today reported its financial and operating results for the quarter and year ended Dec. 31, 2007. Fourth-quarter 2007 highlights * Diluted earnings per share were C$1.68, including a C$0.57 per share benefit from a...
CSX soars on strong sales
(The following report by Ruthie Ackerman appeared at Forbes.com on January 22.) NEW YORK — Despite higher fuel prices, railroad operator CSX reported a better than expected 5% rise in fourth-quarter profit on strong sales growth and productivity improvements. CSX...
NS increases dividend
(Norfolk Southern Corp. issued the following on January 22.) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 12 percent, or 3 cents per share, to...
NS reports improved fourth-quarter and 2007 results
(Norfolk Southern issued the following on January 22.) NORFOLK, VA - Norfolk Southern Corporation today reported record fourth-quarter 2007 net income of $399 million, an increase of 4 percent, compared with $385 million for fourth-quarter 2006. Diluted earnings per...
Div. 851 Local Chairman Ronald E. Smale
(The following obituary appeared on the Reading Eagle website on January 17.) READING, Pa. — Ronald Eugene Smale, 59, Exeter Township, died of natural causes Jan. 15, 2008, in St. Joseph Medical Center, Bern Township. He was the husband of Gail Arlene (Yoder) Smale,...
Deadline is today for Teamster disaster relief assistance in Ore., Wash.
CLEVELAND, January 22 — The Teamsters Disaster Relief Fund is accepting applications for assistance from members in the states of Oregon and Washington regarding severe storms, flooding, landslides and mudslides that damaged property on December 1, 2007. Oregon...
