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Daily Headlines
Commuters board new LIRR train cars
NEW YORK -- The morning commute began like it always does for writer Judy McPartland of Long Beach. She dashed aboard the 8:38 to Brooklyn to join the train mates she sits beside almost every day, the New York Newsday reported. But as she stepped across the threshold...
Hundreds settle Amite derailment claims
NEW ORLEANS -- A hearing is set for Nov. 20 in federal court to determine whether class-action lawsuits filed against Canadian National Railroad over the Oct. 12 Amite freight train derailment should stay in federal court or move back to the 21st Judicial District...
Amtrak budget assumes full funding
WASHINGTON -- Amtrak is taking an optimistic approach to budget uncertainty, rehiring furloughed workers and repairing wrecked equipment in anticipation of federal funds that some in Congress still hope to reduce, according to the Associated Press. Amtrak President...
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...
