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Daily Headlines
AAR: Rail traffic down 8.2 percent from 2015 for week ending January 16
(Source: Association of American Railroads press release, January 20, 2016) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending Jan. 16, 2016. For this week, total U.S. weekly rail traffic was 506,433...
CP Rail to cut up to 1,000 jobs as rail volume slumps
(Source: CBC, January 21, 2016) OTTAWA — Canadian Pacific Railway plans to cut 1,000 positions this year as it adjusts to lower shipment volumes and profits. The Calgary-based rail company says most of the cuts to unionized and management positions will result from...
Low demand, low energy prices having ‘acute’ impact on Union Pacific
(Source: Omaha World-Herald, January 21, 2016) OMAHA, Neb. — As low demand and economic factors far from home pinch everyone at Union Pacific, Chief Executive Lance Fritz said additional austerity measures aren’t out of the question. Among the people who work on the...
Union Pacific CEO reiterates opposition to rail mergers
(Source: Associated Press, January 21, 2016) OMAHA, Neb. — Union Pacific's top executive reiterated Thursday that he thinks railroad mergers are a bad idea and could lead to more regulations. Union Pacific's Lance Fritz has been critical of Canadian Pacific's proposed...
CP Rail’s Harrison to shift stategy in Norfolk Southern bid
(Source: Bloomberg, January 21, 2016) NEW YORK — Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum. Full...
Philadelphia’s mayor fills long-vacant city seat on SEPTA board
(Source: Philadelphia Inquirer, January 20, 2016) PHILADELPHIA — The SEPTA Board is set to have a second Philadelphia representative for the first time more than eight months, with Mayor Jim Kenney appointing his deputy managing director for infrastructure, Clarena...
Commuter rail operator Keolis to move North American HQ to Boston
(Source: Boston.com, January 20, 2016) BOSTON — Keolis, the French company contracted to operate the MBTA’s commuter rail service, is moving its North American headquarters to Boston. The move will occur in 2016. Full story: www.boston.com
Union Pacific tank cars with sulfuric acid derail in Martinez, Calif.
(Source: Daily Republic, January 21, 2016) FAIRFIELD, Calif. — Three tank cars carrying sulfuric acid derailed Wednesday morning on train tracks near the Interstate 680 overpass that leads to the Benicia-Martinez Bridge. No leaks were reported. Full story: Daily...
Minnesota governor’s jobs bill includes crossing safety initiatives
(Source: Railway Track & Structures, January 19, 2016) NEW YORK — Minnesota Gov. Mark Dayton has introduced a jobs bill that would invest $1.4 billion in infrastructure projects statewide, creating an estimated 39,900 Minnesota jobs. Full story: Railway Track &...
Losing traction? County commissioners pull support of CSX project in Johnson County, N.C.
(Source: The Wilson Times, January 20, 2016) SMITHFIELD, N.C. — Residents dug in their heels and vowed to fight to keep their land from railroad giant CSX that announced plans to build a 450-acre transportation hub in Johnston County. The battle that started last...
