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Daily Headlines
China to build $5 billion high-speed line in Indonesia
(Source: Bloomberg, October 15, 2015) NEW YORK — China won the rights to build a $5.5 billion railway line in Indonesia as the Southeast Asian nation tries to upgrade its infrastructure to drive economic growth. Full story: Bloomberg
Positive Train Control correspondence available on STB website
(Source: Surface Transportation Board press release, September 18, 2015) WASHINGTON, D.C. — The Surface Transportation Board (STB) has posted on its website recent correspondence between Congress and the Class I freight railroad industry, related to the implementation...
Hoffa: Central States shouldn’t cut pensions
(Source: Column by Teamsters General President James P. Hoffa, published in the Detroit News on October 14, 2015) WASHINGTON, D.C. — Michigan workers and retirees should be allowed to live comfortably in their golden years. But increasingly, nest eggs that everyday...
Canadian railroads cut crude freight rates to lure shipments
(Source: Reuters, October 15, 2015) CALGARY, Alberta — Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are...
KCS financial results decline in 3Q 2015
(Source: Kansas City Southern press release, October 16, 2015) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported third quarter 2015 revenues of $632 million, a decrease of 7% compared to third quarter 2014. Overall, carload volumes were 2% lower than in third...
CSX doubles up coal trains, making some up to 2 miles long
(Source: Bloomberg, October 14, 2015) NEW YORK — Motorists’ wait time at U.S. rail crossings may double as CSX Corp. hooks trains together to boost efficiency amid plunging demand for coal shipments. Bulk cargo is the latest focus in CSX’s effort to improve...
CSX statement on elimination of service in Erwin
(Source: CSX press release, October 15, 2015) JACKSONVILLE, Fla. — As CSX works to match its resources to a changing business environment, the company today announced the reduction of train operations at Erwin, Tennessee. The decision, the result of significantly...
CSX closure ends more than 100 years of railroad operations in Erwin, Tenn.
(Source: Johnson City Press, October 15, 2015) ERWIN, Tenn. — The last coal train to leave Erwin rolled slowly out of town just after at 3 p.m. Thursday, less than eight hours after CSX Transportation employees heard the news that rocked all of Unicoi County. Full...
Canadian Pacific Railway to kick off 17th annual Holiday Train on November 27
(Source: Canadian Pacific Railway press release, October 14, 2015) CALGARY, Alberta — The Canadian Pacific (CP) Holiday Train will be traveling across Canada and the United States again this November and December raising money, food and awareness for food banks and...
Lessons from Lac-Megantic disaster implemented in Manitoba
(Source: Global News, October 14, 2015) WINNIPEG — Everyday more than 400 rail cars carry hazardous materials through the city. Including the same explosive materials that caused one of the biggest rail catastrophies in Canada. 47 people were killed in Lac Megantic,...
