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Daily Headlines
Pair buys Albany & Eastern short line
(The following story by Alex Paul appeared on the Albany Democrat-Herald website on July 26.) LEBANON, Ore. —The Albany & Eastern Railroad Company will have new owners effective Aug. 1. Rick and Bernice Franklin have purchased the privately owned rail line from Mike...
Operation Lifesaver event points out rail dangers
(The following story by Cathy Woodruff appeared on the Albany Times-Union website on July 26.) RENSSELAER, N.Y. — An estimated 150 police officers, public officials and traffic safety advocates climbed aboard Wednesday for a special train ride spotlighting the dangers...
CSX train derails in Ga.
(The following story by Stephen Gurr appeared on The Gainesville Times website on July 26.) GAINESVILLE, Ga. — April Eubanks was reading a Bible story to three toddlers Wednesday at the Faith Christian Academy preschool on Candler Road when she heard the train whistle...
Judge declares mistrial in LIRR smoking case
(The following story by Steve Ritea appeared on the Newsday website on July 25.) NEW YORK — A federal judge declared a mistrial Wednesday in the case of a former Long Island Rail Road conductor who contends he developed cancer after years of walking through...
Despite surplus, N.Y. MTA says increases loom
(The following story by William Neuman appeared on the New York Times website on July 26.) NEW YORK — A budget surplus as high as $1 billion would normally seem to be a good thing. But for officials of the Metropolitan Transportation Authority yesterday, the surplus...
NS charged in 2006 derailment, chemical spill
(The Associated Press circulated the following on July 25.) CROSBY, Pa. — State prosecutors have charged Norfolk Southern with violating environmental laws in a train derailment that spilled harmful chemicals into a pristine trout stream last year, killing fish as far...
S&P rates Union Pacific debt at “A”
(The Associated Press circulated the following on July 25.) NEW YORK — Standard & Poor's Ratings Services on Wednesday assigned a "A" rating to Union Pacific Railroad Co.'s $479.3 million in equipment trust certificates, citing the railroad operator's strong...
NS 2Q earnings rise
(The Associated Press circulated the following story by Sonja Barisic on July 25.) NORFOLK, Va. — Railroad operator Norfolk Southern Corp. said Wednesday its earnings rose 5 percent in the second quarter as cost controls helped offset continued weakness in the...
Earnings reports cool CP, CN stock prices
(CanWest News Service circulated the following story by Paul Delean on July 25.) MONTREAL — Canada's fast-moving rail stocks lost a bit of steam Tuesday in the wake of unremarkable second-quarter earnings from both Canadian Pacific Railway Ltd. and Canadian National...
Analyst mixed on prospects for a CP Rail buyout
(The following story by Scott Deveau appeared at Canada.com on July 26.) OTTAWA — Shares in Canadian Pacific Railway Ltd. (CP/TSX) are expected to drift back to the $80.50 range in the near term, according to National Bank Finanacial analyst David Newman, after both...
