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Daily Headlines
KCS elects directors, announces dividends
(Source: Kansas City Southern press release, may 6, 2016) KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 5, 2016 in Kansas City, Missouri. With 91% of KCS’ outstanding common and preferred stock represented in person or by...
Amtrak service on Northeast Corridor restored after power failure
(Source: NBC New York, May 7, 2016) NEW YORK — Amtrak says service has been restored along the busy Northeast corridor between New York City and New Haven, Connecticut after being suspended for nearly two hours because of a power outage. A spokeswoman for the railway...
New Panama Canal is opening soon and will cause an ‘evolution’ in U.S. rail industry
(Source: Business Insider, May 9, 2016) LONDON — In the United States, the increased capacity could have profound effects on the transportation industry, as the cost of shipping from Asia to ports in the eastern United States would drop significantly. Simply put,...
Spared death in CSX derailment, West Virginia man gets new home
(Source: Associated Press, May 7, 2016) MOUNT CARBON, W.Va. — Lush grass sways in the breeze on once-scorched earth where Morris Bounds’ home had stood, flattened and incinerated by a derailed oil train that exploded yet allowed him a path to escape. Full story:...
Opinion: No matter what Trump says, coal mining jobs are not returning to W.Va.
(Source: Forbes opinion column by Tim Worstall, May 5, 2016) NEW YORK — We’re not going to use as much coal in the future and the coal that we will use isn’t going to come from the Appalachian mines. Trump simply isn’t going to bring back all those mining jobs....
Amtrak turns 45, recognized as a top employer
(Source: Progressive Railroading, May 6, 2016) Amtrak earlier this week marked its 45th anniversary and was recognized for being a "top employer" by two separate magazines. Full story: Progressive Railroading
CP’s potential removal of Revelstoke stop has TCRC union leaders asking questions
(Source: Revelstoke Mountaineer, May 6, 2016) REVELSTOKE, B.C. — A new move by CP Rail to bypass Revelstoke could have a major impact on the Revelstoke economy if local workers are forced to relocate to Kamloops or Golden for work. But it’s not clear if CP Rail’s...
For family of Amtrak train 188 victims, a different kind of ordeal
(Source: Philadelphia Inquirer, May 9, 2016) PHILADELPHIA — There’s going to be a lot of Amtrak news coming in the next week. Thursday is the one year anniversary of Train 188’s crash in Philadelphia. And next Tuesday, the 17th, we’re expecting the National...
BNSF profit falls 25 percent on reduced oil, coal shipments in 1Q 2016
(Source: Bloomberg, May 7, 2016) FORT WORTH, Texas — Berkshire Hathaway said Friday that quarterly profits from Fort Worth-based BNSF Railway fell 25 percent to the lowest level in two years, contributing to the drop in operating earnings at Warren Buffett’s company....
Homeland Security to study chemical attack on NY subway
(Source: NBC New York, May 8, 2016) NEW YORK — New York City commuters could face delays this week as federal authorities test the vulnerability of the city's subway system to a possible chemical attack. Beginning at 11 a.m. Monday the Department of Homeland Security...
