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Daily Headlines
CSX, NS stocks jump as Harrison eyes ‘opportunities’
(Source: Investors Business Daily, January 18, 2017) NEW YORK — Shares of rail giants CSX (CSX) and Norfolk Southern (NSC) surged late Wednesday after Canadian Pacific (CP) said CEO E. Hunter Harrison, who helped lead the Norfolk Southern takeover attempt last year,...
Hunter Harrison reportedly sets sights on CSX
(Source: Railway Age, January 18, 2017) NEW YORK — Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous...
Union Pacific reports 4Q, full year 2016 results
(Source: Union Pacific press release, January 19, 2017) OMAHA, Neb. — Union Pacific Corporation today reported 2016 fourth quarter net income of $1.1 billion, or $1.39 per diluted share compared to $1.31 per diluted share, in the fourth quarter 2015. Fourth Quarter...
Uber, Amtrak join forces to solve North Carolina’s ‘last mile’ problem
(Source: Railway-Technology.com, January 18, 2017) CHARLOTTE, N.C. — A three-month pilot program between the North Carolina Department of Transportation (NCDOT) and technology provider TransLoc aims to bring together Amtrak train stations, public transit and Uber...
Lake Forest officials and residents waiting on railroad decision
(Source: Pioneer Press, January 17, 2016) CHICAGO — Both city officials and residents in Lake Forest are awaiting a decision from the Federal Railroad Administration on the next steps in a proposed rail project that would impact the town. Full story: Chicago...
Amtrak studying San Antonio-Austin commuter rail service
(Source: San Marcos Mercury, January 17, 2017) SAN ANTONIO — When the Lone Star Rail project fell apart last year, communities along Interstate 35 were left looking for a new plan that would reduce travel time between San Antonio and Austin. Now, they think they’ve...
Missouri DOT says cuts to passenger rail budget won’t affect Amtrak service
(Source: St. Louis Post-Dispatch, January 17, 2017) JEFFERSON CITY, Mo. — Despite losing $500,000 in funding as part of Gov. Eric Greitens’ budget cuts, Amtrak service across Missouri remains on track. Full story: St. Louis Post-Dispatch
Prime Minister pledges to speed up rail bypass in Lac-Megantic
(Source: Montreal Gazette, January 18, 2017) LAC-MEGANTIC — Prime Minister Justin Trudeau pledged he will speed up the process to build a bypass track in Lac-Mégantic. Full story: Montreal Gazette
Battle for worker rights arrives in New Hampshire
(Source: International Brotherhood of Teamsters press release, January 17, 2017) WASHINGTON, D.C. — Workers are facing a difficult time in several states across the country, thanks to election promises made by lawmakers who are now in office. But none seem as...
Feds seek input on crude oil volatility through proposed rulemaking
(Source: Progressive Railroading, January 17, 2017) The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) last week issued an advanced notice of proposed rulemaking (ANPRM) that seeks additional information from industry, the public and state and...
