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Daily Headlines
CSX will pay overtime costs for derailment cleanup
(The following story by John Arthur Hutchison appeared on the News-Herald website on October 18.) PAINESVILLE, Ohio — CSX Railroad has agreed to pay for costs incurred by first responders to the Oct. 10 train derailment in Painesville, U.S. Rep. Steven C. LaTourette...
PATH improvements are on the way
(The following story by Judy Rife appeared on the Times Herald-Record website on October 18.) JERSEY CITY, N.J. — The Port Authority will spend $500 million on new signals that will boost capacity of its crowded PATH system by 20 percent. The new signals will...
LIRR will spend $387M to open Jamaica bottleneck
(Bloomberg News circulated the following story by Chris Dolmetsch on October 17.) NEW YORK — The Long Island Rail Road expects to spend up to $387.2 million to speed trains through Jamaica Station as it prepares to extend its service to Grand Central Terminal. About...
CSX not blowing smoke
(The following report by Andrew Farrell appeared at Forbes.com on October 17.) NEW YORK — CSX responded with the perfect counter to a major shareholder's criticisms of lackluster performances: better-than-expected results that pushed the railroad's shares sharply...
Sector snap: Railroads rise
(The Associated Press circulated the following on October 17.) NEW YORK — Shares of railroad operators rose in Wednesday trading after CSX Corp. reported third-quarter adjusted earnings that beat Wall Street expectations. The company reported adjusted earnings of 67...
Train noise amendment passes House
(The following story by Beth Murtagh appeared on the Newday website on October 18.) WASHINGTON, D.C. — The effort to turn down the volume for noise-plagued residents near train lines inched forward yesterday, as a measure backed by Rep. Carolyn McCarthy passed the...
Union Pacific profit rises
(Reuters circulated the following on October 18.) CHICAGO — No. 1 U.S. railroad Union Pacific Corp posted a better-than-expected jump in quarterly profit on Thursday due to higher freight volumes and strong pricing. But the railroad warned that in the short-term it...
UP reports operating income gains 34 percent
(Union Pacific issued the following on October 18.) OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported third quarter 2007 net income of $532 million or $2.00 per diluted share, compared to $420 million, or $1.54 per diluted share in the same quarter...
Sweeping railroad safety overhaul passes House
(The following story by Gregory Richards appeared on The Virginian-Pilot website on October 18.) NORFOLK, Va. — The House of Representatives on Wednesday passed a wide-ranging railroad safety bill by a 377-38 vote. The Federal Railroad Safety Improvement Act requires...
Railroad safety legislation calls for more inspections, addresses worker fatigue
(The following story by Avery Palmer appeared on the Congressional Quarterly website on October 18.) WASHINGTON, D.C. — The House passed a bill Wednesday designed to improve railroad safety by increasing inspections and reducing work hours. The bill (HR 2095) passed...
