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Daily Headlines

Lac-Megantic: The night the Swiss cheese holes lined up

(Source: Railway Age column by Art Miller, January 26, 2018) NEW YORK — After nearly three months of emotional courtroom proceedings and nine days of jury deliberations, three former employees of Ed Burkhart’s now-defunct Montreal, Maine & Atlantic Railway were found...

CSX considers sale of former Boston & Albany line

(Source: Albany Times Union, January 24, 2018) ALBANY, N.Y. — CSX Transportation is considering the sale of as much as 8,000 miles of its 21,000-mile network, including its line from Albany to Worcester, Mass., outside Boston, according to industry publication...

UP starts work on $500 million rail yard in Texas

(Source: Houston Chronicle, January 25, 2018) HOUSTON — Union Pacific Railroad announced Thursday the company started construction this month on a major rail yard near Hearne, a $550 million project that’s the largest in the railroad’s 155-year history. Full story:...

Oil by rail traffic down a bit in Washington state during 4Q 2017

(Source: The Columbian, January 24, 2018) COLUMBIA, Wash. — On average, more than a million barrels of oil a week was shipped by rail into Washington during the fourth quarter of 2017, a slightly lower volume than the year’s previous three quarters, and the majority...

Opinion: Rail situation still grim since Lac-Megantic tragedy

(Source: Medicine Hat News opinion column by Collin Gallant, January 25, 2018) MEDICINE HAT, Alberta — The acquittal of three railway workers last week on charges of negligence causing 47 deaths in the Lac Mégantic tragedy may be contradictory on its surface. They...

Video: UP loses cargo to BNSF for third year

(Source: Bloomberg, January 25, 2018) NEW YORK — Union Pacific Corp. lost ground to Warren Buffett’s BNSF Railway Co. for a third year as the nation’s two largest railroads battled for western U.S. cargo. Shares fell the most in more than a year. Full story and video:...

NS attributes higher profit to volume growth, strategic plan

(Source: Progressive Railroading, January 24, 2018) Norfolk Southern Corp. reported fourth-quarter 2017 adjusted net income of $486 million, or $1.69 per diluted earnings per share (EPS), compared with $416 million, or $1.42 per diluted share, in the same period a...

Report: CSX to require CEOs to get annual medical exam

(Source: Progressive Railroading, January 24, 2018) CSX Corp. will require future chief executives to submit to an annual physical exam that will be reviewed by the board, The Wall Street Journal reported yesterday. Full story: Progressive Railroading

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