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Daily Headlines

Senate approves bill to invest rail funds

WASHINGTON -- The Senate today passed a measure under which a $15 billion railroad retirement fund would be invested in stocks and bonds for the first time. Critics said the measure would increase the federal deficit and unduly put tax dollars at risk, according to...

CPR declares dividend

CALGARY -- The Board of Directors of Canadian Pacific Railway Limited has declared a quarterly dividend of twelve and three-quarter cents ($0.1275) Canadian per share on the outstanding Common Shares. The dividend is payable on January 28, 2002, to holders of record...

International journey begins with tribute to Sept. 11 victims

NEW YORK -- Canadian Pacific Railway's Holiday Train, a 1,200-ft. freight train decorated with thousands of Christmas lights, will begin its spectacular cross-continent journey in New York City tomorrow with a special ceremony to honor the fallen heroes of September...

Congress boosts Utah rail funding

SALT LAKE CITY, Utah -- A transportation bill Congress approved Tuesday earmarks $45 million for Utah, including $17 million for ongoing construction of the light-rail line to the University of Utah's Rice-Eccles Stadium and an extension to the school's University...

High-speed rail rolling closer to reality in Va.

RICHMOND, Va. -- High-speed trains have yet to leave Richmond's Main Street Station, but a whistle of hope could blow tonight in Northern Virginia, the Richmond Times-Dispatch reports. Meeting in Dale City and Arlington, the boards governing the region's commuter rail...

Feds want more data on n-waste rail spur

SALT LAKE CITY -- According to the Salt Lake Tribune, Utah Gov. Mike Leavitt and the Southern Utah Wilderness Alliance often find themselves at odds over wildlands, but their shared opposition to storing nuclear-plant waste in Utah has put them on the same side of the...

UP among best

OMAHA -- Union Pacific Railroad ranked 18th out of 75 Fortune 200 companies in Money magazine's best company benefits survey, the Omaha World-Herald reports. The companies were ranked on several factors, including the generosity of nonunion benefit plans for mid- to...

City, CSX reach tentative deal on crossing closure

JACKSONVILLE -- An improperly closed railroad crossing that irked northwest Jacksonville neighbors for 3 1/2 years will remain barricaded -- for now -- under a deal by CSX Transportation and City Hall, the Florida Times-Union reports. "What's that going to do for us?"...

CPR signs 10-year, $400 million contract

TORONTO -- The Canadian Pacific Railway and Consolidated Fastfrate today announced the signing of a 10-year, $400-million contract that will formally link the two transportation giants in a partnership designed to set a new industry standard for the movement of...

Congress approves transport, Mexico truck bill

WASHINGTON -- Congress approved legislation on Tuesday to allow Mexican trucks wider access to U.S. roads and fund major transportation programs, including $1.25 billion for tighter aviation security measures in response to the Sept. 11 hijack attacks, a wire service...

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