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Daily Headlines
Many Metra trains could have PTC by end of 2016
(Source: Daily Herald, January 20, 2016) CHICAGO — A crash-prevention braking system should start operating on one of Metra's most heavily used routes by the end of the year, executives said Wednesday in a presentation about 2016 goals. The BNSF Line would be the...
Hoffa to MillerCoors: Keep Eden brewery open
(Source: International Brotherhood of Teamsters press release, January 20, 2016) WASHINGTON, D.C. — In a letter to corporate executives, Teamsters General President Jim Hoffa called on MillerCoors to reverse its decision to close the award-winning Eden, N.C., brewery,...
CP reports 4Q and full-year 2015 earnings
(Source: Canadian Pacific Railway press release, January 21, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced fourth-quarter reported diluted earnings per share of C$2.08 and adjusted diluted earnings per share of $2.72, the highest ever for...
Union Pacific reports 4Q, full-year 2015 results
(Source: Union Pacific press release, January 21, 2016) OMAHA, Neb. — Union Pacific Corporation today reported 2015 fourth quarter net income of $1.1 billion, or $1.31 per diluted share compared to $1.4 billion, or $1.61 per diluted share, in the fourth quarter 2014....
Amtrak says New York region’s rail projects could cost up to $23.9 billion
(Source: New York Times, January 20, 2016) NEW YORK — Amtrak officials on Wednesday provided the most detailed public account yet for the projected costs of building a new Hudson River rail tunnel and improving other critical parts of the rail infrastructure in the...
CP issues another white paper arguing for rail merger
(Source: Associated Press, January 20, 2016) OMAHA, Neb. — Canadian Pacific says combining its railroad with Norfolk Southern would help reduce congestion in the Chicago hub where all the major railroads hand off freight to each other. Full story: Washington Post
Will FAST Act bring fast results?
(Source: Railway Age, January 19, 2016) NEW YORK — After years of delays and extensions, a multi-year surface transportation bill is finally in place. Will it deliver on the advertised? Full story: Railway Age
State Senate leader plans oversight hearings on California high-speed rail
(Source: Los Angeles Times, January 20, 2016) LOS ANGELES — The Democratic chairman of the state Senate transportation committee said he plans to hold oversight hearings on the bullet train to examine its management performance, construction schedules and cost...
220 mph trains? Three big changes imagined by Amtrak for NEC
(Source: Asbury Park Press, January 19, 2016) NEWARK, N.J. — The nation's most-traveled rail corridor could get a boost from high-speed trains and a robust network of stations, according to a lofty plan under review by the federal government. Full story:...
BNSF idles 150 locomotives near Gillette
(Source: Associated Press, January 20, 2016) GILLETTE, Wyo. — Burlington Northern Santa Fe Railroad officials say they are keeping about 150 locomotives and rail engines stored near Gillette because of decreased demand. Full story: www.seattlepi.com
