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Rail Industry News

Michigan short line’s MOW workers join BMWED

(The following story appeared on the Progressive Railroading website on February 23, 2010.) Huron & Eastern Railway Co. workers recently voted in favor of joining the Brotherhood of Maintenance of Way Employes Division (BMWED). The employees will be members of the...

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Railroad shares mixed at the close of Feb. 23 trading

(The Associated Press circulated the following on February 23, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.18 or .4 percent, to $47.00. Canadian National fell $.77 or 1.4 percent, to $52.53. Canadian Pacific...

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Canadian Pacific Railway Limited declares dividend

(Canadian Pacific issued the following on February 23, 2010.) CALGARY — The Board of Directors of Canadian Pacific Railway Limited (TSX/NYSE: CP) today declared a quarterly dividend of twenty four and three quarter cents ($0.2475) Canadian per share on the outstanding...

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Five myths about the labor union movement

(The following story by Alec MacGillis appeared on the Washington Post website on February 21, 2010.) WASHINGTON, D.C. — The anniversary of the $787 billion economic stimulus act came and went last week with unemployment still holding stubbornly close to 10 percent....

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Railroad to Machu Picchu closed for repairs

(The following appeared on the Los Angeles Times website on February 21, 2010.) LOS ANGELES — The switchback railroad used by 90 percent of tourists to reach Machu Picchu will be closed at least two months for repairs, spoiling the travel plans of thousands and...

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Skagway locomotives get modern makeover

(The following story by John Gillie appeared on the News-Tribune website on February 21, 2010.) TACOMA, Wash. — Without specific directions, it’s difficult to find Global Locomotive. The nearest town, Western Junction, doesn’t appear on many maps. And the last...

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CSX launches private note exchange offers

(The Associated Press circulated the following on February 22, 2010.) JACKSONVILLE, Fla. — Railroad operator CSX Corp. said Monday it launched private offers to exchange some of its outstanding debt for a combination of new debt and cash. CSX is offering to eligible...

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