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Daily Headlines
Fare increase, service cuts are possible, CTA warns
(The following story by Jon Hilkevitch appeared on the Chicago Tribune website on June 25.) CHICAGO -- Chicago Transit Authority officials warned Thursday that service cuts and another fare increase could be imposed next year unless the General Assembly alters the...
SEPTA approves $920 million budget
(The Associated Press circulated the following story on June 25.) PHILADELPHIA -- The Southeastern Pennsylvania Transportation Authority's board has unanimously approved a $920 million budget for fiscal 2005, with a $70 million deficit and no increase in state...
33 nonprofit groups land U.P. foundation grants
(The following story by Stacie Hamel appeared on the Omaha World-Herald website on June 25.) OMAHA -- Union Pacific Foundation has announced grants totaling $693,500 to 33 nonprofit organizations in Nebraska. "We are happy to support these Nebraska organizations that...
Riding the rails to Grand Excursion
(The following story by Bill Wundram appeared on the Quad City Times website on June 25.) DAVENPORT, Iowa -- All aboard and all that good old Casey Jones railroad jargon. By the time you finish your morning coffee, I should be rollin’ along out of Chicago for the...
Plans for rail park gaining steam
(The following story by Vanessa Renderman appeared on the Daily Southtown website on June 25.) CHICAGO -- Homewood is moving forward with plans to develop a rail park. Trustees this week authorized the village's rail committee to spend $15,000 in grant money to cover...
UP announces second quarter earnings release broadcast
(The Union Pacific Corp. issued the following news release on June 24.) OMAHA, Neb. -- In conjunction with UnionPacific Corporation's (NYSE: UNP) Second Quarter 2004 earnings release, you are invited to listen to its presentation that will be broadcast live over the...
NS affirms plan to build intermodal facility in Va.
(The following story by Ben Bagwell appeared on the Progress-Index website on June 24.) PRINCE GEORGE, Va. -- A spokesman for Norfolk Southern Railway, on the eve of a Prince George Planning Commission meeting tonight, has advised Leon Hughes, the planning director,...
Cities eye railway corridor
(The following story by Natalie Singer appeared on the Seattle Times website on June 25.) SEATTLE, Wash. -- Regional planning officials voted yesterday to spend $660,000 and 18 months studying the possible acquisition of a little-used 40-mile railroad corridor that...
Union Pacific “overweight”
(The following report appeared at NewRatings.com on June 24.) NEW YORK -- Analyst Daniel J Hemme of Prudential Financial issues an "overweight" rating on Union Pacific. The target price is set to $65. In a research note published this morning, the analyst mentions...
Bill to delay Calif. high-speed rail election approved
(The following story appeared on the Pasadena Star-News website on June 24.) PASADENA, Calif. -- Lawmakers sent the governor legislation Thursday to delay for two years a public vote on nearly $10 billion in high-speed rail bonds. By a 60-3 vote, the Assembly approved...