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Daily Headlines
CSX may not be the only target for Hunter Harrison
(Source: Associated Press, January 24, 2017) OMAHA, Neb. — The terms of Hunter Harrison’s separation agreement with Canadian Pacific prohibits him from working at Canadian National, Union Pacific or BNSF railroads. But in addition to CSX, it also allows him to jump to...
CN reports record 4Q 2016 income
(Source: Canadian National press release, January 24, 2017) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2016. Fourth-quarter 2016 financial highlights • Net income increased eight per cent to C$1,018...
Norfolk Southern reports fourth-quarter and full-year 2016 results
(Source: Norfolk Southern press release, January 25, 2017) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter and 2016 financial results. Net income for the quarter was $416 million, a 15 percent increase compared with $361 million during the...
Chuck Akers steps down from the cab, reluctantly
(Source: Roanoke Times, January 23, 2017) ROANOKE, Va. — Chuck Akers of Roanoke didn’t retire from being a locomotive engineer because of the man who committed suicide before his eyes and whose remains were washed by firefighters from the front of his train. Full...
3 groups want to stop Union Pacific expansion near Columbia River Gorge
(Source: Associated Press, January 23, 2017) PORTLAND, Ore. — Three groups are seeking to oppose Union Pacific Railroad's lawsuit involving a proposed rail expansion along the Columbia River Gorge where a crude oil train derailed last June. Full story: www.kgw.com
California high-speed rail project comes under fire by GOP
(Source: San Francisco Chronicle, January 21, 2017) SACRAMENTO, Calif. — Republican lawmakers are calling for audits and congressional hearings to examine the state’s $64 billion high-speed rail project, saying they are concerned about a report that the cost of the...
After derailments, MTA wants to test staff for sleep apnea
(Source: www.silive.com, January 23, 2017) STATEN ISLAND, N.Y. — The MTA is planning to expand its sleep apnea screening and treatment program in an effort to help prevent further accidents. Full story: www.silive.com
Harrison barred from hiring CP managers except chief of staff
(Source: Reuters, January 23, 2017) MONTREAL — The outgoing chief executive of Canadian Pacific Railway Ltd., said to be in advanced talks with a partner to shake up CSX Corp., cannot hire any CP management except its chief of staff, according to details of an...
KCS may regret reliance on NAFTA
(Source: Slate, January 23, 2017) NEW YORK — Spare a thought for Kansas City Southern. One of America's great railway companies, based in the heartland, it is the self-professed “NAFTA Railway”: Its network consists largely of railroads that reach deep into Mexico,...
KCS stock could tumble if Trump ends NAFTA
(Source: Fortune, January 23, 2017) NEW YORK — Trump revealed on Sunday that he has already planned meetings with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto to renegotiate NAFTA, the 23-year-old trade pact between the U.S., Canada,...
