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Daily Headlines
Safety regulators get public ready for higher train speeds in Illinois
(Source: Associated Press, July 24, 2016) SPRINGFIELD, Ill. — Safety regulators have started warning motorists of faster trains along a high-speed rail corridor in Illinois months before Amtrak service at up to 110 mph is set to begin. Full story: The Olympian
Editorial: A happy landing for CSX hub in Rocky Mount
(Source: Editorial in The News & Observer, July 20, 2016) RALEIGH, N.C. — The location of a CSX container hub, the Carolina Connector, in Rocky Mount means 149 more jobs for an area of North Carolina desperately in need of them. The hub will route freight aboard...
This spot in Chicago is the epitome of a $100 billion problem facing America
(Source: Business Insider, July 21, 2016) CHICAGO — A freight train more than 10,000 feet long, hauling hundreds of shipping containers, sits idle in residential Chicago. It's the middle of the afternoon, and the CSX train is just parked there. Waiting. Full story:...
Lawmakers push TSA to strengthen Amtrak passenger security
(Source: The Hill, July 20, 2016) WASHINGTON, D.C. — A pair of House lawmakers is backing a bill that would prod the Transportation Security Administration (TSA) into implementing all the requirements of a decade-old law aimed at addressing terror threats on Amtrak....
Mosier groundwater contaminated after UP oil train derailment
(Source: Oregon Public Broadcasting, July 21, 2016) MOSIER, Ore. — When a Union Pacific oil train derailed and burst into fire in Mosier, Oregon, in June, the initial damage was in plain view, as dark smoke billowed into the sky. Now OPB has learned about invisible...
Spokane proposes fining railroads for all oil cars passing through city
(Source: Bismarck Tribune, July 21, 2016) SPOKANE, Wash. — A proposal by the city of Spokane, Wash., that would fine rail companies for cars carrying crude oil sets a “dangerous precedent” of targeting specific commodities that move by rail, according to BNSF Railway....
California to levy fee on rail cars carrying dangerous chemicals
(Source: Associated Press, July 22, 2016) SACRAMENTO, Calif. — California plans to levy a $45 fee later this year on rail cars carrying dangerous chemicals across the state. Full story: Albany Times Union
CP reaches agreement with future CEO, Keith Creel; retains services of Hunter Harrison beyond retirement
(Source: Canadian Pacific Railway press release, July 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced that CP's Board of Directors has reached an agreement with CP's next chief executive officer, Keith Creel. Currently president and chief...
UP CEO says 2016 freight volumes could drop 6-8 percent
(Source: Reuters, July 21, 2016) NEW YORK — Full-year 2016 freight volumes at Union Pacific Corp could fall between 6 percent and 8 percent from 2015, driven by declining coal volumes, weak shale oil business and the strong U.S. dollar, the company's top executive...
CP reports 2Q 2016 diluted earnings per share of $2.15
(Source: Canadian Pacific Railway press release, July 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced second-quarter reported diluted earnings per share (EPS) of $2.15, or $2.05 on an adjusted diluted EPS basis, and an operating ratio of...
