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Daily Headlines
Lawmakers hold out hope for boost in Amtrak funds
(The Portland Tribune posted the following article by Jeanie Senior on its website on July 22.) PORTLAND, Ore. -- Amtrak services would be thrown off the tracks entirely if the national passenger railroad had to operate under the truncated budget approved July 11 by a...
CN sees better days ahead
(The Canadian Press distributed the following article on July 23.) CALGARY -- CN Rail reported a 13% reversal in second-quarter net income yesterday, hit by the stronger Canadian dollar, lower grain shipments and higher fuel expenses. But Canada's biggest rail company...
George D. Johnson Jr. elected to Norfolk Southern board
(Norfolk Southern issued the following press release on July 22.) NORFOLK, VA - George D. Johnson Jr., chief executive officer and director of Extended Stay America Inc. has been elected a director of Norfolk Southern Corporation. Norfolk Southern Chairman, President...
Norfolk Southern increases quarterly dividend
(The following press release was issued by Norfolk Southern on July 22.) NORFOLK, Va. -- Norfolk Southern Corporation today announced an increase in the quarterly dividend to 8 cents per share on its common stock, payable on September 10 to stockholders of record on...
NS reports second-quarter, first-half results
(The Norfolk Southern Corp. issued the following news release on July 23.) NEW YORK, NY -- Norfolk Southern Corporation today reported second-quarter net income of $137 million, or $0.35 per diluted share, an increase of 15 percent, compared with net income of $119...
CP Rail profit drops on one-time charge
(Reuters distributed the following article on July 23.) CALGARY, Alberta -- Canadian Pacific Railway, the country's No. 2 carrier, said on Wednesday second-quarter profit fell largely due to a one-time charge of C$150 million ($106 million) related to job cuts. CP...
CPR results hit by charge
(The Globe and Mail posted the following story by Darren Yourk on its website on July 23.) TORONTO -- Canadian Pacific Railway Ltd. saw its second-quarter earnings drop on a restructuring charge of $150-million, high fuel prices and a stronger Canadian dollar, the...
Derailment prompts offer of refunds in New Jersey
(The following article by Maria Newman was posted on the New York Times website on July 22.) NEWARK, N.J. -- New Jersey Transit officials said today that they would give a 15 percent refund to riders with July monthly rail passes, to help compensate for the...
Officials investigating after unmanned NS locomotives derail
(The Associated Press circulated the following story on July 23.) NEMOURS, W.Va. -- Officials were trying to determine Wednesday what caused three unmanned locomotives to dart along seven miles of track in Nemours, West Virginia, before spilling more than 6,000...
BNSF train derails, releases hazardous materials
(The Arkansas City Traveler posted the following story by Foss Farrar on its website on July 23.) ARKANSAS CITY, Kan. -- It's been a long shift for Arkansas City Fire Marshal Randy Leach and his crew. First, on Monday, there was the spectacular fire at the...
