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Daily Headlines
CPR has strong first year despite 9/11, other hits
CALGARY -- Canadian Pacific Railway Ltd. president and chief executive officer Rob Ritchie says that despite being badly scarred by the Sept. 11 terrorist attacks and their fallout, the company had a successful first year as a separate publicly traded entity, the...
CPR designated low-risk by Canada Customs for U.S. imports
CALGARY -- Canadian Pacific Railway has become the first railway in North America to be approved under a new Canada Customs and Revenue Agency program to streamline clearance at the border for imports from the United States, the railway announced in a press release....
Is this any way to run a railroad?
EVERETT, Wash. -- As a switching locomotive rolls slowly toward a line of railcars on the waterfront tracks here, something's missing from the driver's seat, according to the Everett Daily Herald. The engineer. Instead, the railroad worker controlling the movements of...
Opinion: Amtrak chief determined to ride out crises that threaten system
WASHINGTON, D.C. -- Talking with David Gunn about his new job as the head of Amtrak is like asking the biblical Job, "What's new?" Gunn radiates a perverse problem-solving pride as he details the crises he has survived since moving into his office over Washington's...
Acela troubles seen as pattern for Amtrak
BOSTON -- When Amtrak pulled its entire $800 million fleet of Acela Express trains from service three weeks ago, with cracks riddling the locomotives' suspension systems, the problem looked like another bad break for the hard-luck railroad, the Boston Globe reports....
Three rail cars derail in Brownsville
BROWNSVILLE, Texas -- Three railroad tanker cars carrying fuel oil derailed Monday night in downtown Brownsville. No injuries were reported, the Associated Press reported. Thick black oil leaked from one of the tanks, but it wasn't enough to pose a serious danger,...
G&W completes acquisition of Utah Railway
GREENWICH, Conn. -- Genesee & Wyoming Inc. (GWI) announced on August 29 that it has completed the acquisition of the Utah Railway Company (UTAH), a wholly owned subsidiary of Mueller Industries, Inc. GWI funded the $54 million cash purchase under its $103 million...
FECI declares quarterly dividends
ST. AUGUSTINE, Fla --Florida East Coast Industries, Inc. (FECI) Board of Directors declared a quarterly dividend of $.025 (2 1/2(cents)) per share on all issued and outstanding common stock, payable on September 27, 2002 to all shareholders of record as of September...
AAR: Intermodal traffic highest in almost two years
WASHINGTON, D.C. -- Intermodal traffic on U.S. railroads reached its highest level in almost two years during the week ended August 24, the Association of American Railroads (AAR) said on August 29. Intermodal volume of 197,938 trailers and containers was 7.4 percent...
Machinists at US Airways split on restructuring proposals
WASHINGTON, D.C. -- Mechanic & Related and Fleet Service Employees at US Airways, voting separately on similar proposals, took different paths on August 28 in nationwide voting on company-proposed restructuring plans. Fifty seven percent of Mechanical & Related...
