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Daily Headlines
CPR earnings rise
(The following story by Terry Weber appeared on the Globe and Mail website on January 27.) TORONTO -- Canadian Pacific Railway Ltd. said Tuesday fourth-quarter profit rose nearly 40 per cent as freight volumes hit new records and commodity exports in the West saw...
CP Rail earnings rise in Q4
(The CBC posted the following article on its website on January 27.) CALGARY -- Canadian Pacific Railway said its fourth-quarter earnings got a boost from a better grain crop and strong demand for coal and sulphur. The company said Tuesday it made $175 million ($1.10...
CSX reports fourth quarter 2003 results
(CSX issued the following news release on January 27.) JACKSONVILLE, Fla. -- CSX Corporation today reported fourth quarter net income of $123 million, or 57 cents per share, including a net after-tax restructuring charge of $7 million or 4 cents per share. Excluding...
Cargo volume boosts Burlington Northern
(Reuters circulated the following article on January 27.) MIAMI -- Burlington Northern Santa Fe Corp., the second-largest U.S. railroad, reported on Tuesday a 12 percent rise in quarterly profit as cargo volumes picked up in an expanding American economy. The Fort...
BNSF reports double-digit increase
(BNSF issued the following news release on January 27.) FORT WORTH, Texas -- Burlington Northern Santa Fe Corporation (BNSF) today reported record fourth-quarter 2003 earnings of $0.61 per share, or 13-percent, higher than fourth-quarter 2002 earnings of $0.54 per...
Innovative labor pact ratified by BLET
(The Canadian Press circulated the following story on January 26.) CHICAGO -- Locomotive engineers who work for Canadian National Railway Co.'s former Grand Trunk Western unit in the United States have ratified a new contract with Canada's largest railway. CN said...
CSX train tips over
(The following story appeared on the Newton Daily News Tribune on January 27.) FRAMINGHAM, Mass. -- Two train cars containing loads of paper went off the track yesterday at about 9:30 a.m. behind the BankNorth ATM on California Avenue. The CSX train was traveling to a...
Calif. bullet train gets major boost
(The following story by Sean Holstege appeared on the Oakland Tribune website on January 26.) OAKLAND, Calif. -- A $30 billion bullet train network will be the best way to connect the Bay Area and Southern California in a more crowded state in 20 years, concludes a...
RailAmerica completes acquisition of Central Michigan Railway
(RailAmerica issued the following news release on January 26.) BOCA RATON, Fla. -- RailAmerica, Inc. today announced that it has completed its acquisition of the Bay City, Michigan-based Central Michigan Railway Company (CMGN) for $25.3 million. The transaction was...
Railroad tourism grant getting mixed reviews
(The following story by Jessica L. Aberle appeared on the Peoria Journal Star website on January 25.) GALESBURG, Ill. -- An early announcement of a $200,000 Opportunity Returns grant to two Galesburg railroad organizations has been met with mixed reviews by the...
