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Daily Headlines

Tax credit for short line railroads would be permanent under BRACE Act

(Source: Progressive Railroading, February 29, 2016) The American Short Line and Regional Railroad Association (ASLRRA) endorsed the introduction last week of legislation in Congress that would make permanent the short line track maintenance tax credit. Full story:...

‘Stars are aligning’ for Australia to build high-speed rail

(Source: Sydney Morning Herald, March 1, 2016) SYDNEY, Australia — An international expert in high speed rail says the "stars are aligning" for Australia to make a decision on building a line to link Sydney, Melbourne and Canberra. Torkel Patterson, vice-chairman of...

VIA Rail seeking $1.3 billion for passenger rail corridor

(Source: Financial Post, February 29, 2016) OTTAWA — Via Rail Canada Inc. is looking for funding in the March 22 federal budget for a new fleet of cars costing upwards of $1.3 billion that would go with a dedicated Toronto-Ottawa-Montreal passenger rail corridor that...

Amtrak plants seed for re-establishing Gulf Coast rail service

(Source: Panama City News Herald, February 29, 2016) CRESTVIEW, Fla. — Amtrak officials must have had an inkling folks along the Gulf Coast would be excited about the return of passenger trains to the region, if only for a limited engagement. Full story: Panama City...

Teamsters: Ramp up the War on Wage Theft

(Source: International Brotherhood of Teamsters press release, February 29, 2016) WASHINGTON, D.C. — Unemployment may be down nationally, but that doesn’t mean the economy is doing well for workers. Too many everyday Americans aren’t receiving the pay they are...

Amtrak train shot on its way to Bakersfield

(Source: Bakersfield Now, February 29, 2016) BAKERSFIELD, Calif. — Amtrak spokeswoman Vernae Graham said a train headed for Bakersfield was shot while in motion Monday morning. She said it happened around 10 a.m. outside Merced. Full story: Bakersfield Now

Warren Buffett praises BNSF for strong year

(Source: Fort Worth Star-Telegram, February 29, 2016) FORT WORTH, Texas — Warren Buffett had nice things to say about Fort Worth-based BNSF Railway in his annual letter to shareholders, even as the railroad’s profits are declining. Berkshire Hathaway said BNSF’s...

Oil producers storing crude in parked tanker cars

(Source: Fortune, February 29, 2016) NEW YORK — It’s a cheap way to store it. As oil prices linger below $35 a barrel, U.S. producers are finding the cost of transporting crude by train just isn’t worth the returns. Full story: Fortune

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