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Daily Headlines
Crews begin removing derailed cars
MINOT, N.D. -- Crews worked steady Sunday removing rail cars from the site of a deadly derailment approximately one mile west of Minot in the Tierricita Vallejo neighborhood, the Minot Daily News reports. The accident happened shortly after 1:40 a.m. Friday and left a...
Two-phase clean-up plan developed for derailment site
MINOT, N.D. -- Working in coordination with local and state officials, Canadian Pacific Railway (CPR) has developed a two-phase clean-up plan to accelerate the end of an evacuation under way at the site of a Jan. 18 derailment in Minot, North Dakota, according to a...
CPR reports 12 percent increase in fourth-quarter operating income
CALGARY -- Robert Ritchie, President and Chief Executive Officer of Canadian Pacific Railway, said today CPR closed out 2001 with a solid fourth-quarter performance that capped its successful launch on the equity markets. Excluding non-recurring items, operating...
CSX reports strong 4th quarter earnings
RICHMOND, Va. -- In a company press release, CSX Corporation today reported net income of $65 million, or 31 cents per share, for the fourth quarter of 2001, up from $54 million, or 26 cents per share, a year ago. Excluding the after tax expense of $37 million, or 17...
BNSF’s earnings tumble
FORT WORTH, Texas -- Railway operator Burlington Northern Santa Fe Corp. on Tuesday said its fourth-quarter profits before unusual items fell to $472 million, reports a wire service. The Fort Worth, Texas-based transport giant, the No. 2 U.S. railroad behind Union...
UP to broadcast 4th quarter earnings Jan. 24
OMAHA, Neb. -- In conjunction with Union Pacific Corporation's Fourth Quarter 2001 earnings release, you are invited to listen to its presentation that will be broadcast live over the Internet or via teleconference on Thursday, January 24, 2002 at 8:45 A.M. Eastern...
UP confirms Idaho hump yard to close
POCATELLO, Idaho -- The hump yard in Pocatello will close this spring, Union Pacific Railroad officials told the Idaho State Journal. “The decision has been made to close that yard this spring,” UPRR spokesman John Bromley told the Journal in a phone message late last...
Mexico’s TFM expects 16 pct revenue growth in ’02
MONTERREY, Mexico -- Mexican railroad operator Transportacion Ferroviaria Mexicana (TFM) said on Monday it expects 16 percent growth in revenues this year, despite Mexico's economic slowdown, according to a wire service report. TFM Executive Director Jorge Licon said...
Dutch Rail privatization under fire
LONDON -- The problems of Britain's privatised rail network have led inhabitants of other European countries to fear their national railways could suffer similar punctuality and safety problems, BBC News reports. As a result, rail privatisation programmes in France...
Union fights for assaulted driver
LONDON -- Great Britain's train drivers union, ASLEF, is going to court in an effort to win compensation for a driver who was assaulted by a passenger, BBC News reports. The unusual move is part of a campaign by the union to crack down on attacks on rail staff in...
