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Daily Headlines
UP senior VP exercises options
(The Associated Press circulated the following on September 20.) NEW YORK — The senior vice president of human resources at Union Pacific Corp. exercised options for 31,236 shares of common stock and sold them under a prearranged trading plan, according to a...
Sector glance: Railroads
(The Associated Press circulated the following on September 20.) NEW YORK — Shares of railroad operators were mostly down in trading Thursday, as a Bear Stearns analyst suggested investors were selling stock after a surge driven by the Federal Reserve's half-point...
CN shops for small deals with the right fit
(The following story by Brent Jang appeared on the Globe and Mail website on September 21.) TORONTO — Canadian National Railway Co. is patiently shopping for small acquisitions, content for now to be in a club of six major carriers that have carved up three regional...
AAR: Intermodal reaches highest total this year
(The Association of American Railroads issued the following on September 20.) WASHINGTON, D.C. — Intermodal volume on U.S. railroads reached its highest level so far this year during the week ended September 15, the Association of American Railroads (AAR) reported...
NS files suit against two insurers
(The following story by Gregory Richards appeared on The Virginian-Pilot website on September 21.) NORFOLK, Va. — Norfolk Southern Corp. has filed a lawsuit seeking more than $18 million from two insurers, saying the companies failed to fully compensate the railroad...
Three railroad workers win termination lawsuit
(The following story by Ja’Rena Lunsford appeared on The Oklahoman website on September 21.) OKLAHOMA CITY, Okla. — Three Oklahoma City railroad workers each were awarded $145,000 in punitive damages after a federal court jury in Oklahoma City concluded Monday the men...
Rail exemptions targeted
(The following story by Thomas Content appeared on the Milwaukee Journal-Sentinel website on September 20.) MILWAUKEE, Wisc. — Citing concerns voiced by utilities, paper companies, foundries and others, the U.S. Senate Judiciary Committee on Thursday dealt the...
Legislation seeks to rein in rail fees
(The following story by Kevin Braley appeared on the Herald Times Reporter website on September 21.) MANITOWOC, Wisc. — The U.S. Senate Judiciary Committee on Thursday approved legislation that Mayor Kevin Crawford said would keep railroads from gouging their...
AAR study says billions needed for infrastructure
(The Associated Press circulated the following story by Sarah Karush on September 20.) WASHINGTON, D.C. — Major U.S. freight railroads will require $135 billion in infrastructure investment over the next 28 years, more than a quarter of which will have to be funded by...
Documentary to film Hobo Fest
(The following report by Bobby Ampezzan appeared on the Times Herald website on September 20.) PORT HURON, Mich. — This year's Down by the Depot Hobo Fest in Port Huron will be one for the ages. "Banjo Fred" Starner, a retired economics professor who has played his...
