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Daily Headlines
LakewoodRed River Valley & Western shortline marks 20th anniversary
(The Red River Valley & Western Railroad issued the following press release on July 18.) WAHPETON, N.D. — The 514-mile Red River Valley & Western Railroad will mark its 20th anniversary July 19. Since 1987, when freight operations began in southeastern and central...
Record operating revenue drives 15 percent earnings growth for UP
(Union Pacific issued the following on July 19.) OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported second quarter 2007 net income of $446 million or $1.65 per diluted share, compared to $390 million, or $1.44 per diluted share in the same quarter last...
Pricing lifts UP quarterly profit
(Reuters circulated the following story by Nick Carey on July 18.) CHICAGO — Union Pacific Corp., the biggest U.S. railroad, reported a better-than-expected rise in profit on Thursday due to improved efficiency and strong pricing despite slower U.S. economic growth...
State wants timeline for LIRR gap fixes
(The following story by Jennifer Maloney appeared on the Newsday website on July 18.) ALBANY, N.Y. — State transportation officials Wednesday said they believe the Long Island Rail Road strategy to narrow gaps will reduce the number and severity of gap falls, but...
GO hopes meeting with CN chair will help fix problems on lines
(The following story by Tess Kalinowski appeared on the Globe and Mail website on July 19.) TORONTO — Frustrated by the number of late trains it says are beyond its control, GO Transit is taking its complaints about switching problems and signal failures up the...
CSX takes delivery of 300th GE Evolution Series locomotive
(General Electric issued the following on July 18.) JACKSONVILLE, Fla. — General Electric announced delivery of CSX Transportation’s 300th GE DC Evolution Series locomotive. The unit bears road number 5501. The unit features fuel-saving technologies to help CSX...
It’s official: SEPTA will get more state aid
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on July 18.) PHILADELPHIA — Promising an end to the annual brinkmanship over SEPTA funding, Gov. Rendell yesterday signed a landmark transportation law to provide an average of almost...
Alabama to get 1,800 jobs with rail car plant
(The Associated Press circulated the following on July 19.) FLORENCE, Ala. — Alabama landed another huge industrial project on Wednesday when a Canadian rail car manufacturer announced plans to build a plant in Colbert County that is expected to employ 1,800 workers....
Regulator hears utilities vent about rail service
(The following story by Randolph Heaster appeared on The Kansas City Star website on July 19.) KANSAS CITY — As the July heat has begun to boost demand for electricity, utilities from the region shared their frustrations Wednesday with a federal regulator over their...
Sector snap: Railroads
(The Associated Press circulated the following on July 18.) NEW YORK — Shares of rail companies rose on Wednesday on speculation that a private equity group is preparing a takeover offer for Canadian Pacific Railway Ltd. According to The Globe and Mail, the buyout...
