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Daily Headlines
Six derailed CP cars land in Mississippi River in SE Minnesota
(Source: Associated Press, January 27, 2016) BROWNSVILLE, Minn. — Canadian Pacific Railway says six train cars loaded with soybean oil ended up in the Mississippi River after a freight train derailed in southeastern Minnesota. Full story: Globe and Mail
Various factors spur declines in Class I railroads 2016 capital expenditure projections
(Source: Logistics Management, January 27, 2016) FRAMINGHAM, Mass. — For several years, the amount of annual capital expenditures made by freight railroads into things like upgraded track, new locomotives, and freight cars, among others, could be viewed as staggering....
California high-speed rail likely to cost less, but take longer than thought
(Source: Associated Press, January 27, 2016) SACRAMENTO, Calif. — The chairman of the board that oversees California’s high-speed rail project said Wednesday that the next projection will likely lower the cost from the current $68 billion, but he is less confident...
Wayne County officials move to get hub after Johnston County rebuffs CSX
(Source: Television station WRAL, January 27, 2016) GOLDSBORO, N.C. — Wayne County officials have quickly jumped on the prospect of landing a major CSX cargo hub after the company's preferred site in Johnston County was taken off the table on Tuesday. Full story and...
Specter of eminent domain chills support for CSX hub project near Selma, NC
(Source: News & Observer, January 27, 2016) RALEIGH, N.C. — State and local elected leaders were effusive, at first, in their praise for a CSX plan to build a $272 million railroad-truck cargo hub in Johnston County. But their approval turned quickly to rejection...
BNSF plans $4.3 billion 2016 capital plan
(Source: Railway Track & Structures, January 27, 2016) NEW YORK — BNSF Railway released plans for a $4.3 billion 2016 capital expenditure program focuses on helping to ensure the company continues to operate a safe and reliable network this year and beyond. In 2015,...
NS: New strategic plan follows challenging year
(Source: Railway Age, January 27, 2016) NEW YORK — Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has been particularly compelled to develop an aggressive strategic plan...
NS plans to cut 2,000 jobs as part of streamlining plan
(Source: Virginian-Pilot, January 27, 2016) NORFOLK, Va. — As part of its plan to turn things around and streamline operations, first announced early last month, the railroad plans to cut 2,000 jobs by 2020, including 1,200 this year, through attrition and furloughs,...
UP Director Rogel sells 8,400 shares
(Source: Zolmax, January 27, 2016) NEW YORK — Union Pacific Co. Director Steven R. Rogel sold 8,400 shares of Union Pacific stock in a transaction on Monday, January 25. The stock was sold at an average price of $69.44, for a total value of $583,296.00. Following the...
Two controversial oil train projects near key votes in California
(Source: Sacramento Bee, January 26, 2016) SACRAMENTO, Calif. — Two controversial plans to bring half-mile-long trains carrying crude oil through California, including Sacramento, face key votes in the next two weeks. Full story: Sacramento Bee
