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Rail Industry News

National Coal sells short-line railroad

(The following story by Roger Harris appeared on the Knoxville News-Sentinel website on May 20, 2010.) KNOXVILLE, Tenn. — National Coal Corp. said today its wholly-owned subsidiary NC Railroad Inc has sold a short-line railroad that runs between Oneida and Devonia,...

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Canadian Pacific raises dividend 9 percent

(Reuters circulated the following on May 21, 2010.) CALGARY — Canadian Pacific Railway Ltd (CP.TO) said it raised its quarterly dividend by 9 percent and increased its 2010 capital spending budget by C$70 million ($65.7 million). Canada's second biggest railway raised...

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Railroad shares down at the close of May 20 trading

(The Associated Press circulated the following on May 20, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $3.36 or 6.3 percent, to $49.76. Canadian National fell $2.85 or 5.0 percent, to $54.70. Canadian Pacific...

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Restored locomotive arrives for Portsmouth museum

(The following story by Janie Bryant appeared on The Virginian-Pilot website on May 20, 2010.) PORTSMOUTH, Va. — The locomotive gleamed like it did when it first saw life a hundred years ago, already turning heads in its new home near the nTelos Pavilion. The Norfolk...

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