Railfanning.org News Wire

Union Pacific Responds to Unsolicited Mini-Tender Offer

May 11, 2004 Railfanning.org News Wire

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.

Norfolk Southern Exhibit Car Visiting 18 Communities

May 11, 2004 Railfanning.org News Wire

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.

CN Closes Transaction to Acquire Rail and Marine Holdings of Great Lakes Transportation

May 10, 2004 Railfanning.org News Wire

Canadian National on May 10 completed its acquisition of the rail and marine holdings of Great Lakes Transportation LLC (GLT).

Pacer Marks 20 Years of Double-Stack Rail Technology

May 9, 2004 Railfanning.org News Wire

It has been 20 years since the introduction of double-stack rail technology changed the intermodal container-transportation industry forever.

Northeast Business Leaders Unite to Preserve Amtrak

May 5, 2004 Railfanning.org News Wire

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.

TSA Launches New Passenger Safety Pilot Program

May 4, 2004 Railfanning.org News Wire

A test program to measure the feasibility of explosives screening began May 4.

CSX Chairman Calls Conrail Transaction a Success: Calls on STB to End Oversight

May 3, 2004 Railfanning.org News Wire

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.

‘Save Transit’ Coalition to Inform Region of SEPTA’s Financial Plight

May 3, 2004 Railfanning.org News Wire

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.

Norfolk Southern’s Goode Urges an End to Conrail Oversight

May 3, 2004 Railfanning.org News Wire

Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period.

Rutter Steps Down From FRA Post

April 30, 2004 Railfanning.org News Wire

Allan Rutter, Administrator of the Federal Railroad Administration, says he is leaving his current post in mid-June for a position with a Texas transportation organization.