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Daily Headlines
AAR: Rail traffic up 4 percent over 2016 for first eight months of 2017
(Source: Association of American Railroads press release, September 6, 2017) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending September 2, 2017, as well as volumes for August 2017, which was the best...
Hoffa: Unions can jump-start economy
(Source: Column by Teamsters General President James P. Hoffa published in the Detroit News, September 6, 2017) WASHINGTON, D.C. — Unions have a decades-long history of growing wealth for workers. Today, the median union worker makes more than $10,000 a year more than...
KCS Senior VP sells $471,227 in company stock
(Source: Stock News Times, September 6, 2017) NEW YORK — Kansas City Southern SVP Mary K. Stadler sold 4,451 shares of Kansas City Southern stock in a transaction dated Friday, August 18. The shares were sold at an average price of $105.87, for a total value of...
Elon Musk’s hyperloop idea is not realistic ‘right now,’ says Amtrak co-CEO
(Source: CNBC, September 5, 2017) WASHINGTON, D.C. — Amtrak's president told CNBC on Tuesday he does not see the futuristic hyperloop — conceived by billionaire entrepreneur Elon Musk — overtaking traditional rail travel and transport anytime soon. Full story:...
Harvey has paralyzed a critical part of U.S. manufacturing supply chain
(Source: CNBC, September 6, 2017) WASHINGTON, D.C. — Many of the plastics and specialty chemicals that factories across the United States depend on are stuck on the Gulf Coast in the wake of Hurricane Harvey, threatening to create supply shortages and raise prices for...
As Amtrak’s Gateway funding comes under attack, N.J. House members mobilize to save it
(Source: Bergen Record, September 6, 2017) BERGEN COUNTY, N.J. — New Jersey and New York lawmakers mobilized on Wednesday to protect $900 million intended to jump start Amtrak's Gateway project, which includes replacing a rail bridge in the Meadowlands and building a...
STB says four Class Is revenue-adequate
(Source: Railway Age, September 6, 2017) NEW YORK — The U.S. Surface Transportation Board on Sept. 5 determined that four U.S. Class I railroads are revenue-adequate for the year 2016, meaning that those railroads achieved a rate of return on investment (ROI) equal to...
CSX CEO says railroad is “returning to normal operating rhythm”
(Source: Jacksonville Business Journal, September 6, 2017) JACKSONVILLE, Fla. — CSX Corp. CEO Hunter Harrison issued a statement Wednesday that the railroad had turned a corner, saying he was confident that "many of the challenges we and our customers have recently...
CSX says its service is improving after major delays, but trims profit outlook
(Source: Associated Press, September 6, 2017) OMAHA, NEB. — CSX railroad said Wednesday that its service is improving after a summer marked by delays as it overhauled its operations. But despite the reported improvements, the Jacksonville, Florida-based railroad...
Union Pacific CEO sees pent-up demand in Harvey recovery
(Source: Reuters, September 6, 2017) HOUSTON — No. 1 U.S. railroad Union Pacific Corp (UNP.N) has repaired most of the damage caused to its network by catastrophic flooding brought by Hurricane Harvey to Houston late last month and its network should be fully...
