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Daily Headlines
Port Authority raising tolls, PATH fares
(The following story by Ken Belson appeared on the New York Times website on November 16.) NEW YORK — The Port Authority of New York and New Jersey said today that it has proposed eliminating discounts for customers who use EZ-Pass during peak hours on its crossings...
Stay overweight in rails, but be more selective with UP, CN
(The following story by Jonathan Ratner appeared on the National Post website on November 15.) OTTAWA — Investors’ concerns about the economy have been taking their toll on North America’s largest railroads, but the industry’s structural improvements may continue to...
Progressive Rail to lease UP track in Minnesota, form new short line
(The following appeared on the Progressive Railroading website on November 15.) Progressive Rail Inc. is seeking Surface Transportation Board (STB) approval to control Montgomery Short Line L.L.C., a new short line Progressive Rail plans to form after leasing track...
Editorial: Enthusiastically supporting Amtrak
(The following editorial appeared on the Philadelphia Inquirer website on November 16.) PHILADELPHIA — The House should support enthusiastically a Senate bill that provides Amtrak with more stable funding and seeks to make the passenger rail network more efficient....
CSX derailment: Was it the bridge, or the train?
(The following story by David Hunt appeared on The Florida Times-Union website on November 16.) JACKSONVILLE, Fla. — U.S. Rep. Corrine Brown is pushing Jacksonville-based CSX Transportation for answers after a bridge derailment Nov. 9 that dumped coal into Washington,...
AAR: Rail traffic up in week ending Nov. 10
(The Association of American Railroads issued the following on November 15.) WASHINGTON, D.C. — Freight traffic on U.S. railroads was up compared with the same week last year during the week ended November 1, the Association of American Railroads (AAR) reported today....
Daley: Republican leaders making CTA a ‘scapegoat’
(The following story by Fran Spielman and Chris Fusco appeared on the Chicago Sun-Times website on November 15.) CHICAGO — Mayor Daley today accused Republican legislative leaders of demanding unwarranted fare hikes and trying to make the CTA the “scapegoat” for their...
Man is indicted in shooting at Metra train
(The following report appeared on the Chicago Tribune website on November 15.) CHICAGO — Less than two weeks after a federal judge dismissed a criminal complaint against a man blamed for shooting at a Metra train over the summer, a federal grand jury has indicted him...
UP lifts quarterly dividend 26%
(The Associated Press circulated the following on November 16.) NEW YORK — Union Pacific Corp. said it raised its quarterly dividend by 25.7 percent, or 9 cents, to 44 cents per share on Thursday. The railroad company paid a dividend of 35 cents in the prior quarter....
CSX Board defends management’s performance
Dow Jones Newswire circulated the following story by Kathy Shwiff on November 16.) NEW YORK — The board of CSX Corp. (CSX), in a letter to activist shareholder The Children's Investment Fund, defended the company's management and financial performance. The...
