Archive for May, 2004
Genesee & Wyoming Elects Three Directors
Posted Wednesday, May 12, 2004 in Short Line/Regional
GREENWICH, Conn. – Shareholders of Genesee & Wyoming, Inc. (GWI) on May 12, 2004, elected three directors at its annual meeting of shareholders.
Elected to three-year terms are:
Louis S. Fuller, member of Courtright and Associates, an executive search firm, from 1992 to 1999, and now retired. Mr. Fuller is the first cousin of Chairman and Chief […]
Union Pacific Responds to Unsolicited Mini-Tender Offer
Posted Tuesday, May 11, 2004 in Union Pacific
OMAHA, Neb. – Union Pacific Corporation said May 11, 2004, it had been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) of Toronto, Canada, to purchase up to 2 million shares, or less than 1 percent, of the outstanding common stock of Union Pacific at a price of $56.80 per share.
Union Pacific […]
Norfolk Southern Exhibit Car Visiting 18 Communities
Posted Tuesday, May 11, 2004 in Norfolk Southern
NORFOLK, Va. – The Norfolk Southern Exhibit Car will travel the company’s rail network from Alabama to Ontario in 2004, making stops in 18 communities where it will be open to the public.
The car will appear for community events in 11 states and the Canadian province. It also will be in a special five-city whistle-stop […]
CN Closes Transaction to Acquire Rail and Marine Holdings of Great Lakes Transportation
Posted Monday, May 10, 2004 in Canadian National
MONTREAL – Canadian National on May 10 completed its acquisition of the rail and marine holdings of Great Lakes Transportation LLC (GLT).
CN will now commence the step-by-step integration of two railroads and a rail switching company into its 17,500-mile North American system. The railroads are:
The 212-mile Duluth, Missabe and Iron Range Railway Company (DM&IR) - […]
Man Killed By MARTA Train
Posted Monday, May 10, 2004 in Commuter Rail
ATLANTA – A man walking in a train tunnel was killed Monday when he was struck by a westbound MARTA train, published reports indicate.
The man was struck by the six-car train at about 10:20 a.m. It is unclear why the man was inside the tunnel, just east of the Decatur station.
The train’s operator notified authorities […]
Pacer Marks 20 Years of Double-Stack Rail Technology
Posted Sunday, May 9, 2004 in Miscellaneous
Concord, Calif. – It has been 20 years since the introduction of double-stack rail technology changed the intermodal container-transportation industry forever.
In 1984, container trains began breaking through cost, capacity and service barriers by using specially engineered rail cars that could carry two tiers of containers instead of one – significantly reducing the locomotive power, […]
Northeast Business Leaders Unite to Preserve Amtrak
Posted Wednesday, May 5, 2004 in Amtrak
WASHINGTON – Citing the vital importance of Amtrak to the nation’s economy and quality of life, a large delegation of East Coast business leaders today introduced a new coalition to advocate for increased federal investment in the aging passenger rail system.
The Amtrak Business Coalition (ABC) consists of more than 50 East Coast business organizations from […]
TSA Launches New Passenger Safety Pilot Program
Posted Tuesday, May 4, 2004 in Miscellaneous
NEW CARROLLTON, Md. — A test program to measure the feasibility of explosives screening began May 4.
The TSA launched the test program for people and bags traveling on U.S. trains. Amtrak and Maryland Rail Commuter (MARC) passengers boarding at the New Carrollton train station were screened for explosives as part of a pilot project to […]
CSX Chairman Calls Conrail Transaction a Success: Calls on STB to End Oversight
Posted Monday, May 3, 2004 in CSX, STB
WASHINGTON – The Conrail acquisition is a continuing success and the Surface Transportation Board’s (STB) five-year oversight has achieved its goals, Michael Ward, Chairman, President and Chief Executive Officer of CSX Corporation, said May 3.
“We believe the 5-year oversight period that followed the transaction has achieved its objectives. We are now at a time when […]
‘Save Transit’ Coalition to Inform Region of SEPTA’s Financial Plight
Posted Monday, May 3, 2004 in Commuter Rail
PHILADELPHIA – A region-wide coalition of major business, civic, labor and community organizations has been convened to inform the public and state government of the financial plight of SEPTA, which is facing a $70-million budget crisis.
Approximately 50 leaders of region-wide businesses and organizations gathered for the first time today at the offices of the Greater […]
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