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Rail Industry News

Pumping up rail freight capacity a heavy load

(The following story by Michael Pound appeared on the Beaver County Times website on May 3, 2010.) PennDOT says moving freight by rail eases congestion on our highways, saves fuel costs and, with some enhancements to the current lines, the state could improve upon its...

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Opinion: Why America still needs Amtrak

(The following column by Curtis Tate appeared on the Chicago Tribune website on April 30, 2010.) CHICAGO — U.S. travelers have grown accustomed to long airport security lines, delayed and crowded flights, and congested roadways. It should come as little surprise to...

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Berkshire managers check out BNSF passenger train

(The Associated Press circulated the following story by Josh Funk on April 30, 2010.) OMAHA, Neb. — Warren Buffett and his top Berkshire Hathaway managers got a special glimpse of the company's latest and biggest acquisition before the annual meeting. Buffett and the...

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Buffett emphasizes BNSF purchase at meeting start

(The Associated Press circulated the following story by Josh Funk on May 1, 2010.) OMAHA, Neb. — Berkshire Hathaway CEO Warren Buffett declared his support for Goldman Sachs Group Inc. CEO Lloyd Blankfein Saturday, and said he has no plans to sell his company's stake...

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Railroad shares down at the close of April 30 trading

(The Associated Press circulated the following on April 30, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $1.23 or 2.1 percent, to $56.05. Canadian National fell $2.37 or 3.8 percent, to $59.79. Canadian Pacific...

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Analysts praise Canadian Pacific results

(The following story by David Pett appeared on the Financial Post website on April 30, 2010.) OTTAWA — Shares in Canadian Pacific Railway Ltd. are on the move, as the Street shower's the country's second-biggest railroad with praise following better-than-expected...

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