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Daily Headlines
Amtrak’s newest Board member works at Lyft
(Source: Fortune magazine, January 21, 2016) NEW YORK — Derek Kan is a Los Angeles-based general manager for Lyft, the on-demand ride company that seeks to modernize U.S. transportation. Now he’s also a board member at Amtrak, which is in the midst of its own...
New partnership will capture more braking power on SEPTA subway lines
(Source: Philadelphia Inquirer, January 22, 2016) PHILADELPHIA — SEPTA and two energy services firms announced Thursday they had teamed up to expand the first-of-its-kind battery storage system that captures power from braking trains on the city's two subway systems....
Feds tout collection of $15 million in railroad fines
(Source: The Hill, January 20, 2016) WASHINGTON, D.C. — The U.S. government collected $15 million in fines from railway companies in 2015 as the Federal Railroad Administration achieved a record 75 percent collection rate for penalties, Obama administration officials...
NS advises winter storm may impact operations in Southeast, Mid-Atlantic, Northeast areas
(Source: Norfolk Southern service alert, January 21, 2016) NOFOLK, Va. — Norfolk Southern operations in the Southeast, Mid-Atlantic and Northeast areas are expected to be impacted over the next several days by heavy snow, blizzard conditions and sub-zero temperatures...
Amtrak modifies NEC, East Coast service for predicted winter storm
(Source: Amtrak service alert, January 21, 2016) WASHINGTON, D.C. — Amtrak will be operating a modified schedule in the Northeast, due to a winter storm forecasted to impact the mid-Atlantic region. Passengers holding reservations are strongly encouraged to keep a...
N.J. Transit trains break down at rate four times U.S. average
(Source: Bloomberg, January 19, 2016) NEWARK, N.J. — New Jersey Transit commuter trains failed four times more than the U.S. average in 2014, as Governor Chris Christie continued diverting equipment funding to cover day-to-day expenses. Full story: Bloomberg
More than 700 Teamsters Safeway jobs saved in Maryland
(Source: International Brotherhood of Teamsters press release, January 21, 2016) ANNAPOLIS, Md. — Today, Teamsters Union leaders, elected officials and representatives of Safeway announced an agreement to stop the closure of the Safeway Collington Distribution Center...
Union Pacific estimates $3.75 billion capital program in 2016
(Source: Railway Track & Structures, January 21, 2016) NEW YORK — Union Pacific is planning for a $3.75 billion capital program in 2016, pending approval from its board the railroad said in an earning release. Full story: Railway Track & Structures
Transcript of UP’s 4Q 2015 earnings conference call is available
(Source: The Street, January 21, 2016) NEW YORK — A transcript of Union Pacific’s conference call regarding its fourth quarter 2015 results is available at the link below. Company participants included: Lance Fritz; Union Pacific Corporation; Chairman President and...
Falling freight hurts Union Pacific profit; Outlook bleak, shares drop
(Source: Reuters, January 21, 2016) NEW YORK — Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for...
