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Daily Headlines
Union Pacific Corporation declares quarterly dividend of 30 cents a share
(Union Pacific issued the following news release on May 5.) OMAHA, Neb. -- The Board of Directors of Union Pacific Corporation has declared a quarterly dividend of 30 cents per share on its common stock, payable July 1, 2005, to stockholders of record June 8, 2005....
UP shareholders approve package for execs
(The Associated Press circulated the following article by Mark Thiessen on May 5.) SALT LAKE CITY, Utah -- Despite a record $12 billion in revenue last year, Union Pacific Corp. executives weren't paid any bonuses. High fuel prices coupled with a surge in business...
U.P. rolling after tough ’04
(The following story by Stacie Hamel appeared on the Omaha World-Herald website on May 5.) SALT LAKE CITY, Utah -- Unprecedented demand was the bright spot in 2004, a year darkened by slow rail service, worker and equipment shortages, and skyrocketing fuel costs, Dick...
Maker of Acela aims for quicker brake fix
(The following article by Keith Reed was posted on the Boston Globe website on May 6.) BOSTON -- The maker of Amtrak's Acela Express trains is considering a new type of brake disc to replace the ones that cracked last month, forcing all 20 trains out of service....
Service resumes on Metra’s Rock Island line
(The Associated Press circulated the following article on May 5.) CHICAGO -- A freight train carrying coal derailed near Chicago's downtown Loop before dawn Thursday, shutting down a Metra commuter train line for more than six hours and disrupting the morning commute...
Railroad worker injured in derailment
(The Associated Press circulated the following article on May 6.) CASSELTON, N.D. -- A railroad worker was injured when two dozen train cars loaded with soybeans derailed here, pinning him inside a crushed maintenance truck for about 45 minutes. The worker, identified...
Baldwin locomotive builder left English in dust
(The following story by Paula Schleis appeared on the Akron Beacon Journal website on May 2.) AKRON, Ohio -- Talk about a career change. For the first half of his life, Matthias William Baldwin was a jeweler and a printer. But by the time he died, he was recognized as...
CN orders end-of-train devices from Wabtec
(Wabtec Corporation circulated the following news release on May 4.) WILMERDING, Pa. -- Wabtec Corporation today announced that its Wabtec Railway Electronics unit has received a $5 million order for more than 500 high-productivity end-of-train (EOT) devices and...
Activist challenges Tellier package as ‘scandalous’
(The following story by Bertrand Marotte appeared on the Globe and Mail website on May 5.) MONTREAL -- The $5.84-million separation package given to ousted Bombardier Inc. chief executive Paul Tellier is a "scandalous" development that merits being challenged in...
CSX Corporation declares dividend
(CSX issued the following news release on May 4.) JACKSONVILLE, Fla. -- The board of directors of CSX Corporation today approved regular quarterly dividends on the company's common stock. The 10 cents per share dividend is payable June 15, 2005, to shareholders of...
