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Daily Headlines
CN reports second-quarter 2002 financial results
MONTREAL -- Canadian National today reported second-quarter 2002 net income of $280 million, an increase of 17 per cent over adjusted net income (1) of $240 million for the same quarter of 2001. Diluted earnings per share for the second quarter of 2002 were $1.39, up...
Burlington Northern’s 2nd qtr profits decline
FORT WORTH, Texas -- U.S. railway operator Burlington Northern Santa Fe Corp. on Tuesday said second-quarter profits dropped as freight revenues weakened from a year earlier, reports a wire service. The Fort Worth, Texas, transport giant, the second-largest U.S....
BNSF reports second-quarter 2002 results
FORT WORTH, Texas -- Burlington Northern Santa Fe Corporation reported second-quarter 2002 earnings of $0.51 per diluted share, compared with second-quarter 2001 earnings of $0.50 per diluted share. "BNSF increased earnings per share by 2 percent despite revenues...
Railtrack to pay Virgin Trains
LONDON -- A wire service reports that Railtrack, the collapsed rail infrastructure company, will pay train operator Virgin 100 million pounds ($157 million) in compensation for failing to upgrade one of Britain's busiest lines, officials said Monday. Virgin Trains had...
Day after Italian train crash, officials puzzle over cause amid criticism of rail safety
MESSINA, Sicily -- Italian authorities studied the twisted wreckage of a derailed train Sunday, trying to explain a crash that killed eight and left experts puzzled, according to a wire service. While the cause was still unclear, advocacy groups and opposition...
Historic locomotive has new home
TUCSON, Ariz. -- An important symbol of Tucson's history, Southern Pacific Engine No. 1673, has a grand new home at the Downtown train depot, reports the Arizona Daily Star. After a 10-year effort, a group set up to preserve the historic 102-year-old steam engine is...
‘Unfair’ grain shipping rates end
GREAT FALLS, Mont. -- According to the Great Falls Tribune, the Burlington Northern Sante Fe Railway will end a price discount offered on wheat shipments from eastern North Dakota to the Pacific Coast. For the past year the discount has made it cheaper to ship wheat...
Despite its national woes, Amtrak lures Northwest riders, investment
SEATTLE -- Amtrak, the national passenger rail service, is on the financial brink and could be shut down in September if it doesn't receive more federal money, according to the Seattle Times. Yet in the Pacific Northwest, investment by the Washington and Oregon state...
Amtrak’s Fla. service left in limbo
ORLANDO, Fla. -- When it came to the future of passenger rail in Florida, Amtrak was supposed to lead the way, according to a wire service. There were plans to expand its existing service, adding a twice-daily Jacksonville-to-Miami run down the Atlantic coast....
Amtrak plans to cut 150 MBTA commuter rail jobs
BOSTON -- The Boston Globe reports that financially ailing Amtrak plans to cut the jobs of 12 percent of the workers who run the MBTA's commuter rail system, sparking fears that service for the region's 70,000 daily passengers could deteriorate, T officials said...
