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Daily Headlines
Breakup plan for Amtrak
(Knight Ridder Newspapers circulated the following story on April 15.) WASHINGTON, D.C. -- The Bush administration proposed yesterday that Amtrak be dismantled and replaced by regional, intercity rail lines run by the states. Under the proposal, the federal government...
CN CFO named best in Canada
(The following report appeared on the Globe and Mail website on April 13.) TORONTO -- Claude Mongeau, Canadian National Railway Co.'s chief financial officer and executive vice-president, has been named Canada's CFO of the Year for 2005. An independent committee of...
Opinion: Amtrak ride is a pleasure and a pain
(The following column by Eric Noland appeared on the Los Angeles Daily News website on April 14.) ABOARD THE COAST STARLIGHT -- There was ample opportunity to drink in the idyllic Central California Coast scene, just north of Ventura on the Coast Starlight train,...
One millionaire’s strange cry: tickets, please!
(The following article by Vincent M. Mallozzi was posted on the New York Times website on April 14.) NEW YORK -- There are train buffs, and there are train buffs - and then there is Walter O'Rourke. On a recent evening in Pennsylvania Station, Mr. O'Rourke, a New...
NJ Transit’s big engine
(The following story by Bonnie Friedman appeared on the Jersey Journal website on April 14.) NEWARK, N.J. -- On the fifth anniversary of the launch of the Hudson-Bergen Light Rail, NJ Transit officials are touting the $1.2 billion project as the impetus for widespread...
Opinion: Five railroad stocks rolling along
(The following column by Jim Jubak appeared at MSN.com on April 14.) NEW YORK -- While the stock market looks for direction, railroad stocks just keep chugging along. And why not? The sector's fortunes are closely tied to U.S. economic growth, still a robust 3.8% at...
CSX leases Fla. track to new hauler
(The following article by Beverly Miller was posted on the News-Leader website on April 14.) FERNANDINA BEACH, Fla. -- CSX Transportation has leased its railroad track from Yulee to Fernandina Beach, including the lines that serve Rayonier and Smurfit-Stone mills and...
Alameda Corridor reports impact on air quality
(The following article by Eric Johnson was posted on the Long Beach Press-Telegram website on April 14.) LONG BEACH, Calif. -- As the Alameda Corridor celebrates its third year in operation, the public agency that governs the expressway connecting Southland ports to...
BNSF to lower its rates
(The following article by Jared Miller was posted on the Great Falls Tribune website on April 14.) HELENA, Mont. -- Burlington Northern-Santa Fe Railway, the shipper of nearly all Montana-grown grain, has agreed to an immediate reduction in transportation rates for...
KCS announces increased consideration for TFM note tender offer and consent solicitation
(KCS issued the following news release on April 13.) KANSAS CITY, Mo. -- Kansas City Southern ("KCS") (NYSE: KSU) today announced that its majority owned subsidiary, TFM, S.A. de C.V. ("TFM"), has increased the consideration payable in its cash tender offer for any...
