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Daily Headlines
C&G Railway set to carry heavier loads
JACKSON, Miss. -- The recent completion of $2.4 million in up-grades to the Columbus and Greenville Railway was timely for Fishbelt Feeds Inc. of Moorhead, the Clarion Ledger reported. A 40-mile segment of the track from Greenwood to Heathman, near Indianola, has...
Commuter rail a possibility for Northern Ohio residents
AVON, Ohio -- The Avon City Council next week will hear an ordinance to support a commuter rail line that would link Lorain County to Cleveland, the Morning Journal reported. Councilman at large Jack Kilroy is in favor of the rail line, but there wasn't much...
FEC to discontinue regional long-haul trucking
ST. AUGUSTINE, Fla. -- Florida East Coast Industries, Inc. (FECI) today announced that Florida East Coast Railway, L.L.C. (FECR) will now provide existing and future customers with seamless intermodal services via its rail assets along the East Coast of Florida; the...
Bombardier lawsuit says Amtrak forced early delivery of trains despite warning of ‘defect’
WASHINGTON, D.C. -- Amtrak was warned by the manufacturer of its troubled high-speed Acela Express trains about potential "defects" in the undercarriages but forced early delivery, the Washington Times reported. Court documents in a lawsuit by Bombardier Corp. against...
CP profits fall 43% to $65 million
CALGARY -- Canadian Pacific Railway reported a 43 per cent drop in third-quarter earnings to $65 million but said a gain in operating revenue showed progress, the Canadian Press reported. Canada's second-largest railway attributed the earnings drop to a $47 million...
CP profit hurt by foreign exchange loss
CALGARY -- Canadian Pacific Railway Ltd., Canada's No. 2 railway, said yesterday its operating profit rose in the third quarter despite a prairie drought that squeezed grain shipments, but its final profit was cut by a foreign exchange loss, Reuters News Agency...
CPR marks first anniversary of spin-off with solid third quarter
CALGARY -- Canadian Pacific Railway yesterday reported, in a press release, net income of $65 million for third-quarter 2002, a decrease of $49 million, or 43 per cent from net income reported in the third quarter of 2001. Diluted earnings per share were $0.41 for the...
Burlington Northern earnings fall
FORT WORTH, Texas -- Burlington Northern Santa Fe Corp., the No. 2 U.S. railroad, on Tuesday said quarterly earnings declined about 15 percent as disappointing harvests and the West Coast ports closure dragged on shipments, reported Reuters. The Fort Worth, Texas,...
BNSF reports third quarter 2002 results
FORT WORTH, Texas -- Burlington Northern Santa Fe Corporation today reported third-quarter 2002 earnings of $0.51 per share compared with $0.56 per share excluding adjustments for an automotive contract settlement and non-operating investment losses in 2001, or $0.58...
Opinion: CN, province must commit to keeping jobs
NORTH BAY, Ont. -- Nipissing MPP Al McDonald went out on a limb this week when he gave his assurances, on behalf of the Ontario government, that there will be no jobs lost if Canadian National Railway buys Ontario Northland’s rail freight and passenger services,...
