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Daily Headlines
Union Pacific profit surges on tax gain, economy
(Reuters circulated the following article on October 27.) BOSTON -- Union Pacific Corp., the largest U.S. railroad, on Thursday said quarterly profit rose 83 percent, boosted by a one-time tax benefit and heavy traffic of consumer goods, while Hurricane Rita hampered...
Union Pacific reports increased third quarter earnings
(Union Pacific issued the following news release on October 27.) OMAHA, Neb. -- Union Pacific Corporation today reported 2005 third quarter net income of $369 million or $1.38 per diluted share. This quarter's results include the $118 million after-tax, or $.44 per...
Amtrak bomb threat detailed
(The Westerly Sun posted the following article on its website on October 27.) WESTERLY, R.I. -- Authorities say the man on the phone line Tuesday night spoke with what seemed to be an Italian accent. At first, they said, he asked general train departure and arrival...
CN to discontinue seven Saskatchewan branch lines as a result of grain handling system restructuring
(Canadian National issued the following news release on October 26.) EDMONTON, Alberta -- CN announced today plans to discontinue seven Saskatchewan branch lines. None of the rail lines has carried any grain or other traffic for at least the past three years. As...
Norfolk Southern profit rises five percent, misses view
(Reuters circulated the following article on October 26.) BOSTON -- Rail operator Norfolk Southern Corp. on Wednesday said profit rose 5 percent on brisk demand from retailers and manufacturers ahead of the holiday season, while expenses increased because of...
Norfolk Southern sets third quarter revenue records
(Norfolk Southern issued the following news release on October 26.) NORFOLK, Va. -- For the third quarter of 2005, Norfolk Southern Corporation reported net income of $301 million, or $0.73 per diluted share, compared with $288 million, or $0.72 per diluted share, for...
CSX reports 31 percent increase in EPS and increases dividend
(CSX issued the following news release on October 26.) JACKSONVILLE, Fla. -- CSX Corporation today reported third quarter net earnings of $164 million, or $.72 per share, a 31 percent increase in earnings per share from the same quarter in 2004. Also today, CSX...
KCS announces impacts to third quarter earnings
(KCS issued the following news release on October 26.) KANSAS CITY, Mo. -- Kansas City Southern today announced that its third quarter earnings will be affected by three individually significant items which include: -- the previously announced Value Added Tax (VAT)...
Fuel prices force cuts at VRE
(The Associated Press circulated the following article by Brett Zongker on October 26.) WASHINGTON -- High fuel prices are forcing Virginia Railway Express to scale back train service running to the nation's capital and cut other services, officials with the commuter...
Shipping grain by rail costs more
(The Associated Press circulated the following article on October 26.) SIOUX FALLS, S.D. -- Gulf Coast storms and higher fuel prices are driving up the cost of using railroad cars to ship South Dakota grain to market. Back-to-back bumper corn crops compounds the...
