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Daily Headlines
Ga. Supreme Court deals blow to asbestos lawsuits against CSX
(The Associated Press circulated the following story by Harry R. Weber on January 25.) ATLANTA -- The state Supreme Court has dealt a setback to four plaintiffs suing CSX Transportation Inc. in a case involving people who said they suffered asbestos-related illnesses...
Wick Moorman elected to Norfolk Southern Board
(Norfolk Southern issued the following news release on January 25.) NORFOLK, Va. -- Charles W. Moorman, president of Norfolk Southern Corporation (NYSE: NSC - News), today was elected to Norfolk Southern's board of directors, Chairman and Chief Executive Officer David...
Norfolk Southern increases quarterly dividend
(Norfolk Southern issued the following news release on January 25.) NORFOLK, VA -- Norfolk Southern Corporation (NYSE: NSC) today announced an increase in the quarterly dividend to 11 cents per share on its common stock, payable on March 10 to stockholders of record...
CN 4Q profit steams ahead
(The Associated Press circulated the following story on January 25.) MONTREAL -- Shipping firm Canadian National Railway Co. on Tuesday said its fourth-quarter profit jumped 68 percent on a sharp rise in revenue from greater commodity shipments during the period....
CN’s record revenues help drive best ever fourth-quarter and full-year results
(CN issued the following news release on January 25.) MONTREAL -- CN today reported its financial results for the fourth quarter and 12-month period ended Dec. 31, 2004. Highlights - Fourth-quarter net income of $376 million, or $1.29 per diluted share. Net income for...
Norfolk Southern expects 1Q charge
(The Associated Press circulated the following article on January 25.) NORFOLK, Va. -- Norfolk Southern Corp.'s first quarter results for 2005 will include a pre-tax charge of between $30 million and $40 million because of a Jan. 6 derailment that left nine people...
CSX reports earnings drop by half on port sale charges
(The following story by Gregory Richards appeared on The Florida Times-Union on January 26.) JACKSONVILLE, Fla. -- Earnings at railroad giant CSX Corp. fell 46 percent in the fourth quarter because of costs associated with the pending sale of its international...
CSX 4Q earnings fall on charges from sale
(The Associated Press circulated the following article on January 25.) JACKSONVILLE, Fla. -- Railroad and transportation conglomerate CSX Corp. reported Tuesday that fourth-quarter earnings dropped by about half, mostly because of charges from the planned sale of its...
CSX reports fourth quarter 2004 earnings
(CSX issued the following news release on January 25.) JACKSONVILLE, Fla. -- CSX Corporation today reported its financial results for the fourth quarter of 2004. * Net earnings were $66 million, or 30 cents per share, including international terminal's discontinued...
Trouble at Union Pacific lifts BNSF
(Bloomberg News circulated the following article on January 26.) FORT WORTH, Texas -- Burlington Northern Santa Fe Corp., the second-largest U.S. railroad, said fourth-quarter profit rose 54 percent as the company gained business from larger rival Union Pacific Corp....
