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Daily Headlines
BNSF announces several changes to its agricultural pricing program
FORT WORTH, Texas -- The Burlington Northern and Santa Fe Railway Company (BNSF) announced that it will discontinue its North Dakota-Montana differential pricing structure when the current rates expire on July 31. BNSF put the current pricing structure in place to...
Analyst ups CSX rating to ‘buy’
NEW YORK -- A wire service reports that UBS Warburg said on Wednesday it raised its rating of CSX Corp (NYSE:CSX - News) to "buy" from "hold," citing the U.S. railway operator's weak share price and potential to improve operating margins. UBS analyst Rick Paterson...
Watch out for faster-moving trains in N.C.
GREENSBORO, N.C. -- Those who try to beat the train to the crossing better hit the brakes and wait starting Aug. 1, reports the Greensboro News & Record. Maximum speeds for passenger and freight trains in towns between Raleigh and Greensboro will jump significantly...
Bush’s Amtrak privatization plan smacks of more ‘crony capitalism’
WASHINGTON, D.C. -- The Bush administration and Amtrak recently reached a financial deal to allow the passenger train service to continue operating. But looming over that agreement is the administration’s proposal to eliminate rail passenger service in many parts of...
UP engineer settles suit over videotape
OMAHA -- A Union Pacific engineer has received a $135,000 settlement to end a lawsuit that challenged the way a private investigator looked into the engineer's injury claim, the Omaha World-Herald reports. The lawsuit, filed in October 2000 against Union Pacific...
Union Pacific posts higher profits
OMAHA, Neb. -- A wire service reports that Union Pacific Corp., North America's biggest railroad operator, said on Thursday second-quarter profits rose sharply on cost cutting and modest gains in revenues. The Omaha, Nebraska firm, which also owns major trucker...
Rail cargo revenues boost Union Pacific
OMAHA, Neb. -- Union Pacific Corp., North America's biggest railroad operator, on Thursday outran investor forecasts with strong quarterly profits credited to cost cutting and a broad, encouraging pickup in rail cargo revenues, a wire service reported. The Omaha,...
UP statement on second quarter income
OMAHA, Neb. -- Union Pacific Corporation today reported record net income of $304 million, or $1.15 per diluted share, the company announced in a press release. This compares to net income of $243 million, or $.95 per diluted share in the second quarter of 2001....
U.P.S. and Teamsters reach deal
NEW YORK -- Facing the threat of another crippling strike, the United Parcel Service announced yesterday that it had reached a tentative six-year pact that will give 210,000 Teamsters a 25 percent increase in wages and benefits, the New York Times reports. The...
Justice Dept. organizing Tips
WASHINGTON -- Millions of Americans -- from utility workers to ship captains -- would be asked to watch for suspicious activity and report it to the government under a program being organized by the Justice Department, reports a wire service. Operation TIPS --...
