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Daily Headlines
RailAmerica’s Freight Australia signs $8.4 million contract
BOCA RATON, Fla. -- RailAmerica, Inc. (RRA), the world's largest short line and regional railroad operator, today announced in a press release that its Australian railroad, Freight Australia, has signed a new three-year rail transportation contract with Weston...
N.Y.bound train riders won’t be left out in cold
MILFORD -- Metro-North commuters will be able to wait for their morning trains to New York in the warmth of the rail station after all, the New Haven Register reported. Railroad officials announced Tuesday they have reversed a very unpopular decision implemented the...
Speedy train set for new test
SPRINGFIELD, Ill. -- For the first time in decades, a train will zoom from Normal to Lexington at speeds of up to 110 mph as part of a historic test of the state's potential for high-speed passenger rail service, the Bloomington Pantagraph reported. The test-run is...
CN expanding train-to-truck lumber terminal in Lackawanna
LACKAWANNA, N.Y. -- A year-old Canadian National Railway Co. lumber "transload" terminal in Lackawanna is proving successful and is poised for additional growth, the Buffalo News reported. Cliff Carson, Canadian National's vice president for commercial development,...
CN expanding train-to-truck lumber terminal in Lackawanna
LACKAWANNA, N.Y. -- A year-old Canadian National Railway Co. lumber "transload" terminal in Lackawanna is proving successful and is poised for additional growth, the Buffalo News reported. Cliff Carson, Canadian National's vice president for commercial development,...
Settlement reached in BNSF lawsuit
AMARILLO, Texas -- A day before the case was set to go to trial, the Burlington Northern Santa Fe Railway Company and survivors of the man and children who died in a crash reached a settlement, the Amarillo Globe-News reported. Almost two years to the day after Jason...
UP sues brothers over $1.2 million fire that destroyed bridge
MINNEAPOLIS, Minn. -- Two brothers from Faribault, Minn., who pleaded guilty to setting a fire that destroyed a railroad bridge in Plymouth have been sued for $1.2 million, the Minneapolis Star-Tribune reports. The Union Pacific Railroad filed the suit Tuesday in...
Drop in freight cuts BNSF’s third-quarter profits
FORT WORTH, Texas -- Burlington Northern Santa Fe Corp., based in Fort Worth, said that the West Coast dock shutdown and slack agricultural shipments caused a 15 percent drop in third-quarter profit, the Fort Worth Star-Telegram reported. The railroad company said it...
NS reports third-quarter results
NEW YORK -- Norfolk Southern Corporation (NSC) today reported third-quarter net income of $126 million, or $0.32 per diluted share, an increase of 59 percent, compared with net income of $79 million, or $0.20 per diluted share, in the third quarter of 2001. "We are...
CN announces share repurchase program
MONTREAL --Canadian National Railway announced yesterday that its board of directors has authorized a normal course issuer bid to purchase for cancellation up to 13 million, or approximately 6.5 per cent, of the approximately 200 million outstanding common shares of...
