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Daily Headlines
NS raises quarterly dividend
(Source: Norfolk Southern press release, January 24, 2017) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 3 percent, or 2 cents per share, from...
NS names six to vice president responsibilities
(Source: Norfolk Southern press release, January 24, 2017) NORFOLK, Va. — The board of directors of Norfolk Southern Corporation has named six people to new positions and duties, announced James A. Squires, chairman, president, and chief executive officer. Effective...
Rhode Island town books protest buses to oppose Amtrak route
(Source: Associated Press, January 25, 2017) PROVIDENCE, R.I. — A Rhode Island town government that's opposed to federal plans for a new Amtrak route is paying for buses that will carry protesters to the State House. Full story: Connecticut Post
End of the line for Penn Station’s departure board
(Source: New York Times, January 24, 2017) NEW YORK — The departure board at Pennsylvania Station in Manhattan has departed this life, but unlike Elvis, it has not left the building. Full story: New York Times
KCS 2017 capital program to be in $550-$560 million range
(Source: Railway Track & Structures, January 24, 2017) NEW YORK — Kansas City Southern will spend between $550-$560 million on it's capital program in 2017, which is a four to five percent reduction from its 2016 capital program of $584 million. Full story: Railway...
UP targets $3.1 billion capital program in 2017
(Source: Railway Track & Structures, January 23, 2017) NEW YORK — Union Pacific aims to spend approximately $3.1 billion on its 2017 capital program, pending approval by the Class 1's Board of Directors. Full story: Railway Track & Structures
CSX plans $2.2 billion capital program for 2017
(Source: Railway Track & Structures, January 24, 2017) NEW YORK — CSX revealed a preliminary 2017 capital investment of $2.2 billion during its Fourth Quarter earnings call on Jan. 18. Full story: Railway Track & Structures
Trump DOT pick clears Senate committee
(Source: Detroit News, January 24, 2017) WASHINGTON, D.C. — Elaine Chao, President Donald Trump’s pick to run the U.S. Department of Transportation, was approved by a Senate committee on January 24. If Chao is confirmed by the full U.S. Senate as expected, she would...
Analysis: Trump revives stalled oil pipelines, but will they really get built?
(Source: Los Angeles Times, January 25, 2017) LOS ANGELES — It took President Obama most of two terms to decide to reject the Keystone XL oil pipeline. His administration wrestled openly for months before concluding that it would look for alternative routes for the...
Opinion: Does CSX need the HH cure?
(Source: Railway Age opinion column by William C. Vantuono, January 24, 2017) NEW YORK — First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our...
