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Daily Headlines
Nine miners trapped in Pennsylvania
SOMERSET, Pa. -- According to a wire service, nine coal miners were trapped in a flooded shaft early Thursday after they apparently ruptured a nearby abandoned mine that was filled with water, officials said. Hours later, rescuers reported hearing tapping. The tapping...
Kansas City Southern earnings rise on investments
KANSAS CITY, Mo. -- Railway operator Kansas City Southern Industries Inc. on Thursday said quarterly earnings tripled as investment earnings rose while operating and interest expenses fell. The company, which controls several railroads in North America, reported net...
Profit climbs sharply at U.S. railroad CSX
RICHMOND, Va. -- A wire service reports that CSX Corp., operator of the biggest rail network in the eastern United States, on Thursday said second-quarter profit rose sharply, boosted by cheap fuel, cost-cutting and an improving economy. The Richmond, Virginia-based...
CSX reports higher second-quarter earnings
RICHMOND, Va. -- Led by strong rail and intermodal earnings, CSX Corporation today reported second-quarter net income of $135 million or 63 cents per share, up 24% from $108 million or 51 cents a year ago. Total revenues were $2.07 billion versus $2.06 billion. John...
Schumer pushes Amtrak on lease
ALBANY, N.Y. -- Sen. Charles Schumer is asking the president of Amtrak to help cement a still unsigned lease with the Capital District Transportation Authority and clear the way for the railroad to occupy a new $53.1 million Rensselaer train station as soon as it is...
Civilians guard Penn Station
NEW YORK -- According to the New York Post, Amtrak police patrolling Penn Station are forced to rely on regular workers to protect rail bridges and tunnels because they're so understaffed, employees said Tuesday. The officers said they don't have the manpower or the...
Panel votes for boost in Amtrak aid
WASHINGTON -- A Senate subcommittee voted Wednesday to defy President Bush and provide $1.2 billion for Amtrak next year, more than doubling the amount the White House wants for the financially ailing passenger railroad, according to a wire service. The transportation...
Railtrack shareholders ok sale
LONDON -- A wire service reports that shareholders in Railtrack Group PLC, operator of Britain's railroads, voted Tuesday to sell the financially distressed business to a not-for-profit company for 500 million pounds ($780 million). Stockholders are expected to...
Bush clears way for Yucca nuclear waste dump
WASHINGTON -- Brushing aside state safety concerns and objections from Nevada lawmakers, President Bush signed a resolution on Tuesday clearing the way for the burial of nuclear waste from across the nation in Nevada's Yucca Mountain, reports a wire service. White...
Bombardier gets C$561 million UK rail order
MONTREAL -- Bombardier Inc. said on Wednesday it received a C$561 million ($355 million) contract to supply and service railcars for British train operator Connex South Eastern, according to a wire service. Bombardier, the world's largest supplier of rail equipment,...
