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Daily Headlines
Time to bid farewell to Penn Station’s iconic Amtrak departures board
(Source: New York Magazine, October 12, 2016) NEW YORK — The end has arrived for Penn Station’s giant Amtrak departures board, which will soon be replaced by digital displays that promise more convenience and less tripping over people sitting on their suitcases than...
STB wants more info on proposed Great Lakes Basin RR
(Source: NWI Times, October 12, 2016) MUNSTER, Ind. — The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad....
Possible lower earnings from UP could be blamed on floods
(Source: Market Realist, October 12, 2016) NEW YORK — Along with Kansas City Southern, Union Pacific is expected to incur costs due to severe floods in Texas, Louisiana, and Minnesota. The floods in Iowa and Minnesota impacted UNP’s mainline traffic in September 2016....
Protesters rail against MBTA privatization plan
(Source: Worcester Telegram, October 12, 2016) BOSTON, Mass. — Filling the air outside Faneuil Hall on Wednesday with charged rhetoric about corporations profiting off government work, union officials and elected Democrats railed against privatization at the MBTA...
STB announces roundtable on rate cases
(Source: Railway Age, October 12, 2016) NEW YORK — Surface Transportation Board Chairman Daniel R. Elliott announced October 12 that the Board will host an economic roundtable, at 10:00 am on October 25, 2016. Full story: Railway Age
Canadian government to invest $55 million in rail safety over 3 years
(Source: CBC News, October 12, 2016) MONTREAL — Canada is spending more than $55 million over three years to improve railway safety across the country. Transport Minister Marc Garneau says the money will be used for projects on federal rail property, along rail lines...
More unions would spell higher wages for workers
(Source: International Brotherhood of Teamsters press release, October 12, 2016) WASHINGTON, D.C. — After years of a growing wage gap between the haves and have nots, everyday Americans know something needs to be done to level the playing field. The answer? More...
New Jersey Transit, a cautionary tale of neglect
(Source: New York Times, October 14, 2016) NEW YORK — Today, New Jersey Transit is in crisis. Its aging tracks and trains need billions of dollars in improvements. Delays and fares are rising along with ridership, with passenger cars packed to the breaking point. The...
CSX 3Q 2016 earnings down 10 percent, but net income tops forecasts
(Source: Associated Press, October 12, 2016) JACKSONVILLE, Fla. — CSX earned $455 million, or 48 cents per share, for the three months ended Sept. 23, down 10 percent from $507 million, or 52 cents per share, a year ago. The Jacksonville, Florida-based freight...
CSX reports lower 3Q 2016 results
(Source: CSX press release, October 12, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced third quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in the same period of last year. Quarterly highlights: •...
