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Daily Headlines

Kelly named to CSX Board Of Directors

RICHMOND, Va. -- CSX Corporation today announced the election of Edward. J. (Ned) Kelly, III to its board of directors. Kelly serves as president and chief executive officer of Mercantile Bankshares Corporation in Baltimore. Prior to assuming his current role in March...

KCS names Heavin Senior VP of Operations

KANSAS CITY, Mo. -- Kansas City Southern named Jerry W. Heavin senior vice president, operations, to replace Ab Rees, who will leave the company to pursue other career opportunities, a wire service reported. In a press release Wednesday, KCS said Heavin will succeed...

CSX Corp names Michael Ward president

RICHMOND, Va. -- U.S. railway operator CSX Corp. said on Wednesday that Michael Ward, already president of its major business unit, has been named president of the corporation as well, according to a wire service. He is replacing John W. Snow, who remains chairman and...

N.J. Transit adopts budget that imperils improvements

NEWARK -- New Jersey Transit adopted a $1.22 billion operating budget and a $1.19 billion capital budget for the new fiscal year today, but officials warned that the plans were balanced at the expense of long-term investment in system improvements, reports the New...

Railways not illegally billing, regulator rules

OTTAWA -- The federal transport regulator has dismissed charges by Canada's largest shipping group that Canadian Pacific Railway Co. and Canadian National Railway Co. are illegally billing customers, the National Post reports. In a ruling released yesterday, the...

Amtrak shelved review, McCain says

WASHINGTON -- A wire service reports that Amtrak spent $11 million to have an outside consultant review the way the railroad does business, then shelved the report after it recommended major changes, Sen. John McCain said Wednesday. McCain, R-Ariz., said McKinsey &...

Amtrak heads for another $1 billion loss

WASHINGTON -- According to a wire service, Amtrak, which needed a federal bailout to avert a threatened shutdown this month, is headed for its second straight annual loss of at least $1 billion, the railroad's president told Congress on Wednesday. David Gunn said at a...

TWU, US Airways reach agreement on restructuring plan

ARLINGTON, Va. -- US Airways, Inc. and the Transport Workers Union of America (TWU) Local 546 have reached a tentative agreement on the company's restructuring plan. The agreement, which is subject to ratification by its membership, covers the union's approximately 46...

Unsettled labor situation hurting UPS

ATLANTA -- United Parcel Service Inc., the world's largest package delivery firm, on Wednesday said it was losing business to competitors as labor talks with the Teamsters stretched on with just three weeks remaining in its current contract with 230,000 union workers,...

Nuclear waste site in Nev. gets Senate nod

WASHINGTON, D.C. -- Capping a 20-year struggle over the final resting place of the nation's highly radioactive nuclear waste, the Senate voted overwhelmingly yesterday to establish a national repository at Yucca Mountain in Nevada, the Boston Globe reports. The voice...

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