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Daily Headlines
5% LIRR fare hike eyed
(The following article by Joie Tyrrell was posted on Newsday.com on July 29.) NEW YORK -- The Metropolitan Transportation Authority is considering raising Long Island Rail Road fares by 5 percent and reducing off-peak service to help close its multimillion-dollar...
Opinion: Don’t kill Amtrak
(The following editorial appeared on the Albany Democrat Herald website on July 29.) ALBANY, Ore. -- President Bush and some of the Republicans in the U.S. House of Representatives are determined to kill Amtrak, the national network of passenger trains. This is a...
Covington, Ky., wants CSX bridge fixed
(The following article by Cindy Schroeder was posted on the Cincinnati Enquirer website on July 29.) COVINGTON, Ky. -- CSX Transportation has violated the city's nuisance code and must come up with a plan by Nov. 10 to fix a railroad bridge that has deteriorated for...
RailAmerica reports second quarter earnings
(RailAmerica issued the following news release on July 29.) BOCA RATON, Fla. -- RailAmerica, Inc. today reported earnings from continuing operations for the second quarter of 2004 of $406,000, or $0.01 per diluted share, compared to earnings from continuing operations...
CPR profit, sales rise
(The following report appeared on the Globe and Mail website on July 29.) TOROTNO -- Canadian Pacific Railway Co.'s sales surpassed the $1-billion mark in the second quarter as the company says its expects freight volume to remain "robust" for the rest of 2004. The...
CPR reports strong business growth, rise in income
(Canadian Pacific issued the following new release on July 29.) CALGARY -- Canadian Pacific Railway said strong growth in five of its seven business lines in the second quarter of 2004 pushed revenue past the $1-billion mark. The revenue increase helped drive net...
NS reports second quarter revenues
(The following story by Michael Davis appeared on The Virginian-Pilot website on July 29.) NORFOLK, Va. -- Rail giant Norfolk Southern Corp. hauled in record operating revenues and 55 percent higher year-to-year earnings in the second fiscal quarter, fueled by rising...
NS keeps chugging along
(The following article by April Taylor was posted on the Hampton Roads Daily Press website on July 29.) NORFOLK -- Norfolk Southern's operating revenues reached $1.8 billion in the second quarter of 2004, an increase of 11 percent over the same period last year and...
Norfolk Southern earnings up 55 percent
(The Associated Press circulated the following article on July 28.) NORFOLK, Va. -- Norfolk Southern Corp. said Wednesday that profits rose 55 percent in the second quarter, beating Wall Street estimates, as coal and merchandising shipping volumes increased and the...
CSX earnings fall 6 percent in 2Q
(The Associated Press circulated the following article on July 28.) JACKSONVILLE, Fla. -- Railroad giant CSX Corp. reported Wednesday that second-quarter earnings fell 6 percent as the company completed a restructuring of its management staff. In the three months...
