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Daily Headlines
Rail carloads up in December, fourth quarter
WASHINGTON, D.C. -- Freight traffic on U.S. railroads ended the year on a positive note with total volume as measured in ton-miles establishing an annual record, and carload freight registering gains in both December and the fourth quarter of 2001 in comparison with...
RailAmerica reports record carloads
BOCA RATON, Fla. -- RailAmerica, Inc., the world's largest short line and regional railroad operator, announced on January 10 that "same railroad" carloads (including intermodal units) for fiscal 2001 increased 4% to 1,214,554, from 1,167,003 in 2000. For the month of...
Keeping the crowds and the complainers moving
NEW YORK -- The situation is one that should make any corporate boss dizzy with delight: Your product is in such demand that customers are literally lining up to use it. You have almost no competition, and your board of directors has just given you the go-ahead to...
CPR to present 4th quarter results on Jan. 22
CALGARY -- Canadian Pacific Railway will present its fourth-quarter 2001 financial and operating results to analysts at 1:30 p.m. ET on Tuesday, Jan. 22, 2002. The presentation will be held in the third floor auditorium at the JP MorganChase building, 270 Park Avenue,...
Bombardier stock falls for fourth straight session
MONTREAL -- Investors dumped Bombardier Inc. stock for a fourth consecutive session yesterday on sentiment that the shares' recent upswing may have been a tad premature, the Globe and Mail reports. Montreal-based Bombardier's stock fell $1, or 6.25 per cent, yesterday...
British gov’t debates rail system
LONDON -- Faced with labor unrest and growing passenger anger over Britain's troubled railways, government ministers debated Thursday whether the country's train system is the worst in Europe -- or merely awful, reports a wire service. Peter Hain, a minister in the...
Railtrack shareholders to take UK govt to court
LONDON -- Out-of-pocket Railtrack shareholders said on Thursday they will take Britain to court after the government refused to release documents on its decision to force the country's rail network operator into administration, a wire service reports. "They have given...
Mechanics tell US board UAL treating them unfairly
WASHINGTON -- According to a wire service, a representative of United Airlines mechanics at a hearing on Wednesday accused the carrier of stonewalling in contract talks and urged a presidentially appointed board to recommend a “fair” deal. “The company has stalled and...
UK railways “worst in Europe” says minister
LONDON -- A government minister condemned Britain's railways on Thursday as "the worst in Europe," as fresh rail disruption loomed and postal workers prepared to ballot on a strike, a wire service reports. With industrial relations across the country sinking to a new...
Downgrade sends railroads off track
NEW YORK -- As the outlook for 2002 improves, analysts continue to warn investors that some stocks and sectors may already be factoring in those prospects, CBS MarketWatch.com reports. Morgan Stanley analyst James Valentine told clients Wednesday that railroads are...
