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Daily Headlines
Bombardier chief targets executives
(The Toronto Star posted the following article on its website on October 29.) TORONTO -- Bombardier Inc., the world's biggest maker of passenger rail cars and regional jets, plans to cut executive jobs at its train unit by the middle of next year to boost profit,...
Bombardier’s Fla. rail project not a given
(Dow Jones circulated the following story on October 28.) TORONTO -- While Bombardier Inc.'s win of a Florida high-speed rail project may raise the profile of its new JetTrain technology, analysts say there's no guarantee the line will ever be built. Analysts noted...
Bombardier and Fluor selected to build Orlando-Tampa high-speed railway
(The Canadian Press circulated the following article on October 27.) ORLANDO, Fla. -- The Florida High Speed Rail Authority has selected Fluor-Bombardier, builder of the Northeast corridor's Acela high-speed train, to build and provide the equipment for a proposed...
Potential buyer for car shops
(Pennsylvania television station WJAC posted the following report on its website on October 28.) JOHNSTOWN, Pa. -- Norfolk Southern says it's still talking with a potential buyer, for the Hollidaysburg car shops, and it still hopes to sell that empty building as soon...
Norfolk Southern reports third-quarter 2003 results
(Norfolk Southern issued the following news release on October 29.) NEW YORK, N.Y. -- Norfolk Southern Corporation (NYSE: NSC) today reported third-quarter net income of $137 million, or $0.35 per diluted share, compared with net income of $126 million, or $0.32 per...
Train robberies have been chugging along since Jesse James
(The following story by Alex Branch was circulated by Knight Ridder on October 28.) FORT WORTH, Texas -- Like modern-day Butch Cassidys, they crouch in the dust and weeds awaiting the screech of a slow moving train. Instead of dynamite, they carry tool bags. Instead...
Grupo TMM reports third quarter results
(Grupo TMM, S.A., issued the following news release on October 28.) MEXICO CITY -- Grupo TMM, S.A., a Latin American multi-modal transportation and logistics company and owner of the controlling interest in Mexico's busiest railway, TFM, reported revenues from...
KCS reports third quarter 2003 earnings
(Kansas City Southern issued the following news release on October 29.) KANSAS CITY -- Kansas City Southern (KCS or Company) (NYSE:KSU) reported net income of $4.3 million ($0.02 per diluted share) for the third quarter of 2003, compared to net income of $10.6 million...
CSX increases reserve for asbestos
(The Associated Press distributed the following article on October 28.) WASHINGTON -- CSX Corp. , operator of the largest rail system in the eastern United States, said Tuesday it increased its reserve for asbestos and other claims by $206 million. The increase is to...
Work in Progress
(The AFL-CIO circulated the following on October 27.) New members reported in this week's WIP: 1,141 New members reported in WIP to date: 127,884 WINNING IN W.VA.--More than 850 workers at Weirton (W.Va.) Medical Center won a voice on the job recently with SEIU...
