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Daily Headlines
VIP train will roll in February as officials study return of Amtrak service to Gulf Coast
(Source: NorthEscambia.com, January 14, 2016) CANTONMENT, Fla. — The return of passenger rail service to the Gulf Coast is taking one more major step toward reality with a special train set to roll through the area in February. Amtrak’s Sunset Limited passenger train,...
KCS to invest $15 million to improve rail line through Louisiana
(Source: Kansas City Southern press release, January 11, 2016) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that its principal U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), will invest approximately $15 million in 2016 on rail and...
Teamsters, West Virginia workers stand strong against ‘right to work’
(Source: International Brotherhood of Teamsters press release, January 13, 2016) CHARLESTON, W.Va. — Teamsters General Secretary-Treasurer Ken Hall joined hundreds of labor union and community members at the State Capitol today to voice their opposition to...
Editorial: Penn Station is a crucial project, which benefits New Jersey
(Source: Editorial in the Newark Star-Ledger, January 12, 2016) NEWARK, N.J. — With gratitude and appreciation, we welcome the plan to rebuild Penn Station and turn Manhattan's West Side into a hospitable environment once again, and we applaud Gov. Andrew Cuomo's...
STB throws monkey wrench into possible CP-NS merger while opposition grows
(Source: Material Handling & Logistics, January 12, 2016) CLEVELAND, Ohio — The Surface Transportation Board has made it clear that approval of one of the key elements of Canadian Pacific’s plan for acquiring rival railroad Norfolk Southern will not go as smoothly as...
Status quo is not an option for North American rail industry, CP Rail argues in white paper
(Source: CP Rail press release, January 12, 2016) CALGARY, Alberta — Canadian Pacific today released a white paper stating that a change in the railroad industry status quo is necessary to support continued growth in the North American economy. The full text of the...
CSX targets $2.4 billion in capital expenditures during 2016
(Source: Railway Track & Structures, January 13, 2016) NEW YORK — CSX is aiming for a $2.4 billion capital expenditure program in 2016, which reflects a $1 million reduction over 2015 numbers. Full story: Railway Track & Structures
CSX announces 4Q and full-year 2015 earnings results
(Source: CSX press release, January 12, 2016) JACKSONVILLE, Fla. — On January 12, CSX Corporation announced fourth quarter net earnings of $466 million, a 5 percent decline from $491 million in the same period of 2014, or $0.48 per share, down 2 percent from $0.49 in...
CP Rail reiterates its argument for rail merger in another white paper
(Source: Associated Press, January 12, 2016) OMAHA, Neb. — Canadian Pacific is reiterating its argument for acquiring Norfolk Southern in a report released Tuesday. Full story: www.kentucky.com
Norfolk Southern to combine Virginia and Pocahontas divisions
(Source: Norfolk Southern press release, January 12, 2016) NORFOLK, Va. — Norfolk Southern Corporation is consolidating its Virginia and Pocahontas divisions to form the new Pocahontas Division, with headquarters in Roanoke, Va., effective Feb. 1. The consolidation is...
