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Daily Headlines
Canada’s Transport Minister to outline rail safety upgrades
(Source: Globe and Mail, April 25, 2016) OTTAWA — Transport Minister Marc Garneau will meet with residents Tuesday in Lac Mégantic, where 47 people died nearly three years ago after tanker cars filled with crude derailed and exploded in the center of town. Full story:...
Bill Ackman’s Pershing Square dumps CP Rail stock
(Source: Insider Monkey, April 24, 2016) NEW YORK — Billionaire Bill Ackman‘s Pershing Square has cut its exposure to Canadian Pacific Railway, selling 4.10 million shares of Canadian Pacific at an average price of $148.25. Full story: Insider Monkey
500 pounds of fireworks stolen from CSX train recovered in Detroit
(Source: Detroit Free Press, April 23, 2016) DETROIT — A large shipment of commercial-grade fireworks stolen from a CSX train traveling between Chicago and Detroit was recovered today in a vacant field in southwest Detroit, authorities said. Full story: Detroit Free...
Norfolk Southern CEO ‘confident’ of achieving 2016 savings goal
(Source: Reuters, April 22, 2016) CHICAGO — The top executive of Norfolk Southern Corp said the railroad was on track to achieve its planned savings target of $200 million this year, and that the No. 4 U.S. railroad could further trim capital spending if freight...
CP job losses mount: Up to 1,400 positions could be gone by end of 2016
(Source: Calgary Herald, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Ltd. will eliminate more jobs in 2016 than originally announced, perhaps as many as 1,400. In January, CEO Hunter Harrison said the Calgary-based company would cut 1,000 positions...
UP, sheriff’s office team up to promote safety in Omaha
(Source: Omaha World-Herald, April 21, 2016. Editor’s note: Union Pacific locomotive engineer Ed Abboud is a member of BLET Division 183 in Omaha, Neb.) FREMONT, Neb. — As the Union Pacific locomotive rolled across the Downing Street crossing Wednesday afternoon...
Air horns stolen from locomotives in South Dakota
(Source: Daily Republic, April 21, 2016) MITCHELL, S.D. — Between the hours of 6 p.m. on April 11 and 8 a.m. on April 12, an unknown individual or individuals stole two air horns off of two railroad engines stopped west of 2300 W. Ash in Mitchell, S.D Full story:...
South Korea train derails, killing engineer and injuring 8
(Source: Reuters, April 22, 2016) NEW YORK — A South Korean passenger train derailed near the southern city of Yeosu on Friday, killing an engineer and injuring eight others, the railway operator said. The locomotive and four of the train's seven passenger cars...
What’s the real reason new NJ Transit boss walked away from job?
(Source: www.nj.com, April 22, 2016) NEWARK, N.J. — NJ Transit did not negotiate a compensation package with the man it tapped as its new executive director before hiring him, an unusual move that likely led to his withdrawal from the job when the sides could not come...
California high-speed rail officials tinker with $64 billion plan
(Source: Associated Press, April 21, 2016) SACRAMENTO, Calif. — The board that oversees California’s high-speed rail system put off a vote Thursday on a revised business plan to give state officials more time to assuage lawmakers and citizens upset by the recent...
