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Daily Headlines
AAR: Rail traffic up 1.1 percent over 2016 for week ending July 22
(Source: Association of American Railroads press release, July 22, 2017) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 22, 2017. For this week, total U.S. weekly rail traffic was 534,152...
Fines for downtown Spokane coal, oil train traffic head to voters with promise of political fight
(Source: The Spokesman-Review, July 25, 2017) SPOKANE, Wash. — Spokane voters can expect a passionate political fight over a proposal to fine coal and oil trains passing through downtown after the City Council sent the question to the November ballot Monday night....
Excessive CEO pay fight takes new turn
(Source: International Brotherhood of Teamsters press release, July 26, 2017) WASHINGTON, D.C. — Top corporate executive compensation continues to soar substantially above that of those who work under them, according to a new Economic Policy Institute (EPI) report....
Mexican port of Lazaro Cardenas eyes boosted oil production storage capacity
(Source: Platts, July 26, 2017) NEW YORK — The Lazaro Cardenas, Mexico, port commission plans to launch an open season in August for developers interested in building additional storage for imported gasoline, diesel and fuel oil, a port official has told S&P Global...
Caltrain electrification under way
(Source: Railway Age, July 25, 2017) NEW YORK — Following years of planning and recent federal funding uncertainty, Caltrain broke ground on the Peninsula Corridor Electrification Project July 21. Full story: Railway Age
Amtrak conductor shot in May is recovering at home
(Source: Associated Press, July 26, 2017) HOMEWOOD, Ill. — An Amtrak conductor who was shot while standing on the platform of a suburban Chicago train station in May is recovering at home after being released from a hospital. Full story: www.usnews.com
Teamsters lead shareholder victory at McKesson, country’s largest opioid distributor
(Source: International Brotherhood of Teamsters press release, July 26, 2017) WASHINGTON, D.C. — In an effort led by the International Brotherhood of Teamsters, a long-term shareholder in McKesson, a majority of McKesson shareholders voted to reject the executive pay...
PTC could cut Penn Station’s capacity
(Source: Bergen Record, July 27, 2017) BERGEN COUNTY, N.J. — A rail safety system intended to stop crashes like last year’s fatal accident at the Hoboken Terminal could also have another consequence: fewer trains will be able to go through the Hudson River tunnels...
California Supreme Court ruling could end bullet train suits
(Source: Associated Press, July 27, 2017) SAN FRANCISCO — A California Supreme Court ruling expected Thursday could help speed construction of the state's $64 billion high-speed rail project by exempting it from a key environmental review law. Full story:...
Norfolk Southern’s 2Q 2017 net income surges 23 percent
(Source: Progressive Railroading, July 26, 2017) Norfolk Southern Corp. second-quarter 2017 net income rose 23 percent to $497 million, or $1.71 per diluted share, compared with the same quarter a year ago, the Class I reported this morning. The profit growth was...
