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Daily Headlines
PATH service resumes with delays after train fire
(The Associated Press circulated the following on Jjly 25.) JERSEY CITY, N.J. — PATH service resumed between Newark and Journal Square after a repair train fire sent commuters scrambling Wednesday. There were delays of 10 to 15 minutes, Port Authority spokesman...
BNSF, CP Rail profits fall on fuel cost, lumber
(The following story by Greg Bensinger appeared at Bloomberg.com on July 24.) NEW YORK — Burlington Northern Santa Fe Corp. and Canadian Pacific Railway Ltd., the No. 2 railroads by sales in the U.S. and Canada, said second-quarter profits fell amid higher fuel prices...
Sector glance: Railroads
(The Associated Press circulated the following on July 25.) NEW YORK — Shares of railroad operators finished lower Tuesday after two analysts downgraded Canadian National Railway Co., and Burlington Northern Santa Fe Corp. said earnings fell. Analysts from Citigroup...
CP Rail chief rejects breakup notion
(The following story by Chris Sorensen appeared on the Toronto Star website on July 25.) TORONTO — Canadian Pacific Railway Ltd., currently the subject of takeover speculation, is throwing cold water on the notion that a potential buyer could achieve a higher...
For CP Rail CEO, focus is on internal growth
(The following story by Brent Jang appeared on the Globe and Mail website on July 25.) TORONTO — Canadian Pacific Railway Ltd. chief executive officer Fred Green says his company intends to stick to its internal growth strategy, playing down the need to attract a...
NS reports second-quarter, first-half results
(Norfolk Southern Corp. issued the following on July 25.) NORFOLK, Va. — For the second quarter of 2007, Norfolk Southern Corporation (NYSE: NSC) reported net income of $394 million, or $0.98 per diluted share, compared with $375 million, or $0.89 per diluted share,...
Subsidies for Amtrak survive in House vote
(The Associated Press circulated the following on July 25.) WASHINGTON, D.C. — The House on Tuesday rejected moves by conservatives to cut taxpayer subsidies for Amtrak as backers of the money-losing passenger railroad cemented their position in the Democratic...
Legal dispute engulfs nation’s toy tracks
(The following story by Tim Jones appeared on the Chicago Tribune website on July 24.) CHICAGO — Somewhere up in roundhouse heaven, the 19th Century railroad barons who fought ruthlessly for coast-to-coast dominance must be shaking their heads over the great...
Amtrak’s Downeaster to add new trains, cut travel time
(The Associated Press circulated the following on July 23.) PORTLAND, Maine — The Amtrak Downeaster train will soon be adding new and faster trips between Portland and Boston, train officials announced Monday. The Downeaster will add a fifth daily round trip on the...
UP rail car used as training tool
(The following story by John Asbury appeared on The Press-Enterprise website on July 24.) RIVERSIDE, Calif. — A 75-foot rail car maneuvered down Inland freeways and city streets Monday morning as the Riverside Fire Department added its newest resource in training for...
