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Daily Headlines
With CSX’s letter, showdown with hedge fund looms
(The following report appeared on the New York Times website on November 16.) NEW YORK — CSX’s board on Friday publicly backed management and rebutted criticisms by a hedge fund that the railroad operator has overspent and failed to improve its stock’s performance. In...
Transport bill vote expected
(Newhouse News Service circulated the following story by Jo-Ann Moriarty on November 16.) WASHINGTON, D.C. — The Senate is poised to vote on a $105.6 billion spending plan for transportation, housing and development programs, which gives an extra $75 million to...
Sector snap: Railroads mostly up
(The Associated Press issued the following on November 15.) NEW YORK — Shares of U.S. railroads traded mixed Thursday, as a Morgan Keegan analyst said carload volumes rose last week for the third consecutive time, following a period of accelerating losses. Total rail...
NS settles Pa. derailment case for $7.35 million
(The Associated Press circulated the following story by Dan Nephin on November 16.) PITTSBURGH— Norfolk Southern Corp. pleaded no contest Thursday to three pollution charges and agreed to pay $7.35 million to settle related civil cases for a train derailment that...
Bush picks Carper for Amtrak board
(The following report appeared on the Peoria Journal-Star website on November 16.) MACOMB, Ill. — Former Macomb Mayor Tom Carper has been nominated by President Bush to serve on the Amtrak board of directors. Carper was initially recommended to the president and to...
House passes ban on cross-border truck program
(The International Brotherhood of Teamsters issued the following on November 14.) WASHINGTON, D.C. — The House of Representatives today passed the transportation spending bill that includes a ban on funding the Bush administration’s cross-border truck program....
Transportation spending bill facing veto
(The Associated Press circulated the following story by Andrew Taylor on November 14.) WASHINGTON, D.C. — Just a day after President Bush vetoed their top domestic spending bill, congressional Democrats drew nearer to sending him one more, even though it faces an...
Teamsters Disaster Relief assistance available for members in California
CLEVELAND, November 15 — The Teamsters Disaster Relief Fund is accepting applications for assistance from members in the state of California regarding wildfires that caused major damage in the following counties on October 21, 2007: Los Angeles, Orange, Riverside, San...
Patty Loveless eager to reconnect with Appalachia on CSX Santa Train
(The Associated Press circulated the following story by Samira Jafari on November 14.) PIKEVILLE, Ky. — She was a 6-year-old playing in the backyard of her family's remote home in rural Appalachia when she heard the train cross the river. That's when Patty Loveless...
German train strikes spread
(The following report appeared at CNN.com on November 15.) BERLIN, Germany — A three-day strike by a German train drivers' union halted travel across the country Thursday as the workers extended the action to include passenger trains. With most train services stopped...
