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Daily Headlines

Amtrak grabs for a lifejacket

SACRAMENTO -- As part of its bid to survive, Amtrak is asking California and other states to sell Congress on a new state-federal cost-sharing plan, the Californian reported. Amtrak staff has outlined a possible plan calling for states to pay operating costs of...

UP charged in toxic chemical spills

FRESNO, Calif. -- District attorneys' offices in three San Joaquin Valley counties filed dozens of environmental charges against Union Pacific Railroad, alleging operators knew about hazardous chemicals leaking from moving train cars but did nothing, the Modesto Bee...

John Snow: A career as a window to the future

NEW YORK -- Since the White House's recent nomination of John W. Snow, the 63-year-old chairman of the railroad company CSX, to replace the ousted Treasury secretary, Paul H. O'Neill, analysts and economists have been trying to figure out what his future stewardship...

Harrison doesn’t plan big changes at CN

MEMPHIS, Tenn. -- A former Memphian expects to bring some Southern informality to the executive suite of Canadian National Railway Company as he takes over as the company's president and chief executive officer, the Memphis Commercial Appeal reported. But otherwise,...

Amtrak boosts security amidst FBI warning

WASHINGTON, D.C. -- Amtrak is increasing patrols of its trains and stations because of an FBI warning about a possible al-Qaida attack soon against passenger railroads, the Associated Press reported. Officials said the warning, based on information obtained from...

RailAmerica expects modest 2003 earnings improvement

BOCA RATON, Fla. -- RailAmerica, Inc., the world's largest short line and regional railroad operator, today announced that its 2003 revenue and earnings are projected to improve slightly over 2002 despite the drought that is impacting its Australian railroad. The...

UP announces Q4 earnings broadcast

OMAHA, Neb. -- In conjunction with Union Pacific Fourth Quarter 2002 earnings release, you are invited to listen to its presentation that will be broadcast live over the Internet or via teleconference on Wednesday, January 22, 2003 at 1:00 PM Eastern Time, the...

No glad tidings in Christmas, Ariz.

CHRISTMAS, Ariz. -- You may celebrate Christmas in Arizona, but Christmas, Ariz., is just a faded memory, the Arizona Daily Star reported. You can still find the town of Christmas, near Winkelman about 75 miles north of Tucson off Arizona 77, on maps of the area. But...

Railroads adapted better to deregulation than airlines, analysts say

CHICAGO -- Deregulation swept through the economy 24 years ago and freed many industries from government constraint, but analysts say airlines have failed to adapt to the new world of competition while a 19th Century relic, the railroads, have thrived, according to a...

Questions linger a year after CSX crash

ROCHESTER, N.Y. -- The Rochester Democrat and Chronicle reportws that one year ago today, on a quiet Sunday afternoon, Richard Connolly was hosting a family Christmas party when he saw a runaway train roar past his River Street house “going 50 or 60 miles per hour,...

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