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Rail Industry News

Railroad shares mixed at the close of March 25 trading

(The Associated Press circulated the following on March 26, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.08 or .2 percent, to $51.18. Canadian National rose $1.07 or 1.8 percent, to $59.82. Canadian Pacific...

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Benefits under Railroad Retirement and Social Security

(The U.S. Railroad Retirement Board issued the following on March 3, 2010.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...

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CSX highlights achievements in 2009 annual report

(CSX issued the following on March 24, 2010.) JACKSONVILLE, Fla. — CSX Corporation today announced that proxy materials for its 2010 Annual Shareholders Meeting are now available to shareholders via the Internet under the Securities and Exchange Commission's Notice...

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New Amtrak web site goes to national parks

(The following article from the International Herald Tribune appeared on the New York Times website on March 25, 2010.) NEW YORK — Amtrak’s new Web site, amtraktoparks.com, allows users to see the nearest Amtrak route to national park sites in the United States, each...

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Union Pacific chugs along with track improvements

(The following story by Betty Beard appeared on The Arizona Republic website on March 25, 2010.) TUCSON, Ariz. — As it waits for the economy to improve, Union Pacific Railroad's construction plans are heading in two directions. Although it has postponed plans to...

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Supreme Court to decide cargo liability

(The following story by R.G. Edmonson appeared on The Journal of Commerce website on March 24, 2010.) WASHINGTON, D.C. — The Supreme Court may have to decide whether or not ocean carriers will be considered “railroads” for cargo liability purposes after oral arguments...

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CSX CEO’s compensation was $7 million in 2009

(The Associated Press circulated the following story by Samantha Bomkamp on March 24, 2010.) NEW YORK — The chairman, president and CEO of railroad operator CSX Corp. saw his total compensation fall 4 percent last year from the year before, according to an Associated...

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CN says first quarter profit forecast still on track

(Reuters circulated the following on March 24, 2010.) TORONTO — Canadian National Railway Co. is on track to meet the profit forecast it issued at the beginning of the year, but the stronger Canadian dollar is not helping, the company's chief financial officer said on...

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Investors should climb on transportation comeback

(The following story by Scott Deveau appeared on the Financial Post website on March 25, 2010.) OTTAWA — With the economy back on track, it's high time investors become bullish on Canada's transportation sector, according to National Bank Financial. "What we know is...

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GOP challenges send health bill back to House

(The following story by Lori Montgomery and Shailagh Murray appeared on the Washington Post website on March 25, 2010.) WASHINGTON, D.C. — Senate Republicans have successfully identified two minor violations of reconciliation rules in the final piece of the...

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