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Daily Headlines
Amtrak put under special safety watch
WASHINGTON, D.C. -- The Federal Railroad Administration has instituted a special safety watch on the financially ailing Amtrak, and Amtrak operating officials have begun a series of "safety blitzes" to caution all train crews, maintenance forces and shop workers to...
Metra contracts under scrutiny
CHICAGO -- The Chicago Tribune reports that companies affiliated with a politically connected consultant won millions of dollars of business from Metra even though they didn't always submit the lowest bids for the work, according to documents under scrutiny by federal...
Union Pacific profits rise 23 percent
OMAHA, Neb. -- A wire service reports that Union Pacific Corp. (UNP.N), North America's biggest railroad operator, said on Thursday first-quarter profits rose a better-than-expected 23 percent on cost-cutting and less expensive fuel. The Omaha, Nebraska, company,...
CPR first quarter beats expectations
OTTAWA -- Lower costs propelled Canadian Pacific Railway Co. to stronger first-quarter results, despite a decline in revenue, the National Post reports. The Calgary-based railway exceeded the First Call/Thomson Financial consensus for earnings and managed to knock 3.5...
CPR profit rises 10% despite revenue dip
OTTAWA -- Despite a 5-per-cent drop in revenue, Canadian Pacific Railway Co. posted improved first-quarter results yesterday, thanks to a one-time tax benefit and cost-cutting measures, the Globe and Mail reports. The company's profit was about 10 per cent better than...
Railroads report higher profits
NEW YORK -- According to a wire service, big railroad companies reported higher earnings in the first quarter, as cheap fuel and aggressive cost-cutting helped overcome declining coal shipments because of the warm winter. Despite better earnings, investors were not...
Rail crashes fuel nuke waste transport criticism
WASHINGTON -- Two deadly rail accidents in the past week and last year's devastating train tunnel fire in Baltimore fueled opposition on Thursday to Bush administration plans to transport the nation's nuclear waste to a permanent storage facility planned for the...
‘Guardian Angel’ rail safety plan not yet implemented
WASHINGTON -- For more than 30 years, federal transportation officials have recommended that trains have automatic systems that would help prevent one train from running into another, but the systems have never been implemented, ABC World News Tonight reports. The...
Jump in passenger and freight traffic could mean more accidents
LOS ANGELES -- Freight and passenger rail traffic is projected to sharply increase in coming years across the Los Angeles region, and with it, some fear, the number of delays and accidents, according to a wire service report. On Tuesday, a Burlington Northern Santa Fe...
Germans spend 10 million recreating UK rail misery
LONDON -- A German train manufacturer has spent 10 million pounds in an attempt to replicate the dilapidated rail track used by its British customers, according to a wire service. The company, Siemens, said on Thursday it had modified its test track by deliberately...
