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Daily Headlines
Buckeye Steel plant for sale
COLUMBUS, Ohio -- According to the Associated Press, negotiations with lenders on a financial deal to reopen Buckeye Steel Castings have failed and the 121-year-old plant will be put up for sale, officials said. Company president Joe Harden said Monday he was hopeful...
Rail car manufacturer gains jobs on new orders
PORTLAND, Ore. -- The Greenbrier Companies said its order backlog for rail cars has doubled since May to its highest level in two years, prompting a 200-job increase at Gunderson, its Portland manufacturing plant, the Portland Oregonian reported. The Lake Oswego-based...
Trains ease Bombardier’s pain
MONTREAL -- As Bombardier Inc.'s aircraft business gropes its way through the slump in air travel, it would seem the perfect opportunity for its rail division to regain the pre-eminent status it once held at the company -- before regional jets stole the limelight, the...
KCS announces VAT accounting position
KANSAS CITY, Mo. -Kansas City Southern announced previously (on October 11, 2002 and on October 24, 2002), in joint press releases with Grupo TMM, S.A. ("TMM"), a favorable court ruling in Mexico on a value added tax ("VAT") claim of an affiliated company, TFM, S.A....
Genesee & Wyoming reports third quarter results
GREENWICH, Conn. -- Genesee & Wyoming Inc. (GWI) reported financial results for its third quarter ended September 30, 2002. Net income for the third quarter of 2002 was $7.0 million compared with net income of $4.5 million in the third quarter of 2001. GWI's diluted...
U.S. railway looking to take over B.C. Rail
PRINCE GEORGE, B.C. -- Denver-based Omnitrax is looking to buy or operate B.C. Rail and attract back much of the freight that moved to trucks when the railway halted its intermodal service earlier this year, Today's Trucking reported. The provincially-owned company...
Mineta asked to intervene in railroad controversy
CLEAR LAKE, Tex. -- In a significant move against the proposed San Jacinto Railroad line, Congressman Nick Lampson has written the Secretary of the Department of Transportation a letter denouncing the controversial project, the Clear Lake Citizen reported. "I write...
MTA plan sparks dissent
NEW YORK -- When a massive restructuring of the Metropolitan Transportation Authority was recently unveiled, the most controversial point seemed to be whether the Long Island Rail Road would have to surrender its name, New York Newsday reported. Now, it appears the...
Rail vet on medal track
CALGARY -- It's truly a royal honour and one a Calgary man feels he's earned, the Calgary Sun reported. "I hate to say this, but I deserve it," Brent Reid said of a commemorative Golden Jubilee Medal of Queen Elizabeth II he will receive next month. "It's been a long...
Locomotive engineers, officers work together
WICHITA, Kan. -- Do you speed up or slow down when you drive up to a railroad crossing? Police are watching to see how you react because they want to prevent the ugly scene when a car and a train collide. Last year in Kansas, there were 61 collisions at crossings,...
