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Daily Headlines
Opinion: Dialogue is missing from CSX hub debate
(Source: Opinion column in the News & Observer, January 29, 2016) RALEIGH, N.C. — Few stories in Johnston County have spurred as much debate as CSX’s bid, now uncertain, to build a cargo-container hub on 450 acres between Selma and Micro. “Debate” seems an apt word....
Editorial: Get CSX hub project back on track
(Source: Editorial in the News & Record, January 29, 2016) GREENSBORO, N.C. — CSX should make its best offer to buy the land it needs from willing sellers. The governor can use the state’s funding leverage to prod the company along. For a big deal like this, which...
Maryland DOT says yes to two MARC train stops in Laurel, but needs CSX approval to expand
(Source: Washington Post, January 29, 2016) BALTIMORE, Md. — With the backing of the state, now the jurisdictions have to convince the railroad owners, CSX Transportation, to agree to the expansion. So far, CSX hasn’t been too enthusiastic about the idea, saying that...
Editorial: Federal review of railroad merger is prudent
(Source: Editorial in the Bluefield Daily Telegraph, January 29, 2016) BLUEFIELD, W.Va. — Opposition to the possible merger between Norfolk Southern and Canadian Pacific, a move that could potentially impact hundreds of jobs in already hard-hit West Virginia, is...
KCS declares stock dividend
(Source: Kansas City Southern press release, January 28, 2016) KANSAS CITY, Mo. — Kansas City Southern’s (KCS) Board of Directors on January 28, 2016 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend...
CN, CP top fourth quarter 2015 forecasts
(Source: Globe and Mail, January 26, 2016) TORONTO — Canada’s major railways are weathering the slump in freight traffic that has gripped the North American rail sector, aided by a slumping loonie and a tight rein on costs. Full story: Globe and Mail
Baltimore City Council wants health study of oil trains through city
(Source: Baltimore Sun, January 29, 2016) BALTIMORE, Md. — Baltimore City Council President Bernard C. "Jack" Young is seeking a study of the health and safety risks of transporting crude oil by train through Baltimore. Full story: Baltimore Sun
California crude by rail plummets amid oil price collapse
(Source: Bloomberg, January 28, 2016) NEW YORK — Shipments of crude oil by railroad into California plummeted by 69 percent in 2015 amid the price collapse in oil and the shrinking difference in international and U.S. prices. Full story: Bloomberg
Oregon oil train terminal cuts workers, scraps crude at rail terminal
(Source: Reuters, January 28, 2016) HOUSTON — Global Partners LP has laid off 8 percent of its work force and aims to handle only ethanol, not crude, at its rail terminal in Oregon in response to the nearly 70 percent plunge in oil prices since mid-2014, the company...
AAR: Weekly rail traffic down 10.5 percent from 2015 for week ending January 23
(Source: Association of American Railroads press release, January 27, 2016) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending Jan. 23, 2016. For this week, total U.S. weekly rail traffic was 490,324...
