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Daily Headlines
California high-speed rail says L.A. Times ‘fundamentally misrepresents’ status
(Source: Silicon Valley Business Journal, January 17, 2017) LOS ANGELES — In a follow-up to its refutation last week of a Los Angeles Times story about California’s high-speed rail plans, the authority building the system released a letter Tuesday that it sent to...
Railroad profit rebound plays catch-up to 2016 stock surge
(Source: Bloomberg, January 17, 2017) NEW YORK — With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone. Full story: Bloomberg
CSX reports $3.04 billion in revenue during 4Q 2016
(Source: Associated Press, January 17, 2017) OMAHA, Neb. — CSX Corp.'s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak. The Jacksonville, Florida-based railroad said Tuesday it generated $458...
CSX announces 4Q, full-year 2016 earnings
(Source: CSX press release, January 17, 2017) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of last year. The fourth quarter of...
2 BNSF workers killed on tracks in SW South Dakota
(Source: Rapid City Journal, January 18, 2017) EDGEMONT, S.D. — Two BNSF Railway employees died after being struck by a train Tuesday morning in Edgemont, according to a representative of the company. The incident happened around 10:15 a.m., said a BNSF spokeswoman,...
Photos from 1970s reveal Amtrak’s early days
(Source: Daily Mail, January 17, 2017) LONDON — From staff sporting designer knee-high boots and hot pants to its vibrant red and purple dining cars, when Amtrak trains launched in 1971 it offered ordinary Americans an exciting new travel experience on a network of 23...
Former Algoma Central operator surfaces on U.S. west coast
(Source: Northern Ontario Business, January 16, 2017) SUDBURY, Ontario — The former operator of the Algoma Central passenger train has surfaced on the U.S. Pacific coast with the acquisition of a closed short-line railroad. Full story: Northern Ontario Business
Pre-clearance deal advances Montrealer train
(Source: www.VTDigger.com, January 16, 2017) BURLINGTON, Vt. — With the recent enactment of a federal law penned by U.S. Sen. Patrick Leahy, D-Vt., Vermont is one step closer to reviving Amtrak train service between Burlington and Montreal. Full story:...
A look at train ridership as Ann Arbor considers $2.4 million next step toward new station
(Source: Michigan Live, January 17, 2017) ANN ARBOR, Mich. — In making a case for building a new Amtrak station in Ann Arbor, Mayor Christopher Taylor suggested earlier this month there could be a dramatic increase in train ridership in the years ahead. Full story:...
Montreal pulls new Bombardier-Alstom subway trains
(Source: Globe and Mail, January 16, 2017) MONTREAL — Montreal’s transit authority is pulling new trains built by Bombardier Inc. and Alstom SA out of service following an equipment problem over the weekend that forced the shutdown of a subway line for several hours....
