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Railroad executives had hand in Fla. funding plan

(The following story by Lindsay Peterson appeared on The Tampa Tribune website on December 29.) TAMPA, Fla. — A railroad company owner led the agency in charge of overseeing the state Department of Transportation when DOT proposed giving rail companies hundreds of...

Engineer says railroad span over N.Y. town road could fail

(The following story by Bob Green appeared on The Independent website on December 27.) STUYVESANT, N.Y. — While the state released a report this week affirming the safety of many major highway bridges around the state, a local engineer has called for the closure of...

Teaneck renews CSX fight

(The following story by Joseph Ax appeared on The Record website on December 27.) TEANECK, N.J. — Mayor Elie Katz, township officials and residents will meet today with state Sen. Loretta Weinberg, D-Teaneck, to discuss how to pressure a railroad to limit noise and...

CSX deal draws wrath of lawmakers

(The following report appeared on the Tampa Tribune website on December 25.) TAMPA — In 2007, several Florida lawmakers lambasted a $491 million state deal with CSX Transportation to buy track for commuter rail in the Orlando area and expand CSX’s freight...

Will Indiana miss rail’s renaissance?

(The following story by Jeff Swiatek appeared on the Indianapolis Star website on December 21.) INDIANAPOLIS, Ind. — Railroads, once written off as outdated and slow, have become the latest drivers of economic growth, with Indiana among the states courting a greater...

TCI, 3G form group owning 8.3% of CSX shares

(TCI and 3G issued the following on December 21.) NEW YORK — The Children’s Investment Fund Management (UK) LLP (“TCI”) and 3G Capital Partners, LTD. (“3G”) today filed a Schedule 13D with the Securities and Exchange Commission disclosing that they and several...

Investors to nominate CSX board members

(The Associated Press circulated the following on December 21.) NEW YORK — CSX Corp. shareholders 3G Capital Partners Ltd. and The Children’s Investment Fund Management LLP said Wednesday they have partnered to jointly nominate a minority slate of 5 directors to...

Outlook ’08: Off the rails

(The following report by Lee Brodie appeared at CNBC.com on December 20.) NEW YORK — Does the rollover in rail stocks signal a recession is looming? Find out from CSX Chief Michael Ward. What are you seeing as a trend? “We’re seeing in Q4 that revenues are up but...

Baltimore seeks a berth for bigger ships

(The following story by Laura McCandlish appeared on the Baltimore Sun website on December 18.) BALTIMORE — Port officials are sounding out potential investors to help fund a $120 million project to deepen a berth at the Seagirt Marine Terminal – a project they...