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Daily Headlines
Acela sees nearly 20% jump in riders
(The following story by David Abel appeared on the Boston Globe website on October 25.) BOSTON — In the 20 years he has been selling tickets for Amtrak, Jimmy Tsang has seen his share of long lines and harried passengers. But the South Station agent says he has not...
KCS sees strong operating income growth, operating ratio improvement in 3Q
(Kansas City Southern issued the following on October 25.) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE: KSU) recorded third quarter 2007 revenues of $444.1 million, a 6.8% increase over third quarter 2006. Revenue gains were primarily attributable to volume...
KCS profit rises, easily beats Wall Street estimates
(The following report appeared on the Kansas City Star website on October 25.) KANSAS CITY — Kansas City Southern today said strong freight volumes and favorable pricing helped produce a 58-percent increase in profit during its third quarter. In a release before...
House Committee holds hearing on harassment and intimidation
(The BLET’s National Legislative Office issued the following on October 25.) WASHINGTON, D.C. — BLET Vice President and National Legislative Representative John Tolman will testify this morning before the House Transportation & Infrastructure Committee, along with...
SEPTA fights fallen leaves with mobile washing machines
(The following story by Brian Scheid appeared on the Bucks County Courier Times website on October 23.) PHILADELPHIA — Every autumn, the leaves change and fall from their branches, an annual marvel that wreaks havoc with SEPTA's regional rail schedules in Bucks...
Economy may worsen in 2008: BNSF CEO
(Reuters circulated the following on October 24.) CHICAGO — The U.S. economy could see growth decline further in 2008, depending on the full impact of the U.S. housing sector slowdown, the top executive of railroad Burlington Northern Santa Fe Corp. said on Tuesday....
Ky. hazmat team checking CSX acid leak
(The Associated Press circulated the following on October 23.) RACELAND, Ky. — Residents of communities on both sides of the Ohio River were urged to stay indoors for much of Tuesday morning and schools were closed because acid fumes had leaked from a railroad car....
Corn growers: Railroads’ price manipulation reason enough for new legislation
(The following story appeared on the High Plains Journal website on October 24.) DODGE CITY, Kan. — Keith Dittrich, Chairman of the American Corn Growers Association Board of Directors, renewed support by his organization for the Railroad Competition and Service...
Oregon port sues railroad over closed short line
(The Associated Press circulated the following on October 23.) COOS BAY, Ore. — The Oregon International Port of Coos Bay has filed a $15 million lawsuit against a railroad that closed a short line spur on its route from Eugene to Coquille. The complaint filed in U.S....
Analysts cut price targets on CN Rail
(The following story by Scott Deveau appeared on the National Post website on October 24.) OTTAWA — Canadian National Railway Co. (CNR/TSX) said Monday it expects current headwinds will keep earnings growth flat for the year, excluding the proceeds of some real estate...
