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Daily Headlines
Montana emergency responders handle two oil train derailments in a week
(Source: Grand Forks Herald, July 17, 2015) CULBERTSON, Mont. — Emergency responders who handled two train derailments in a week in the same northeastern Montana county say they’re relieved no one was hurt and no fires resulted from either incident. Full story: Grand...
Natural gas overtakes coal as top U.S. electricity source
(Source: NBC News, July 14, 2015) NEW YORK — Call it a one-two punch against coal. As global demand for U.S. coal exports continues to sag, domestic demand at power plants has been sliding as well. For the first time ever, natural gas trumped coal as the top source of...
FRA launches safety review of New York & Atlantic Railway
(Source: Federal Railroad Administration press release, July 21, 2015) WASHINGTON, D.C. — The U.S. Department of Transportation's Federal Railroad Administration (FRA) today launched a comprehensive, focused safety review of the New York & Atlantic Railway’s (NY&A)...
FBI advisory: Oil trains at risk of attack from environmental extremists, but lacks specific information
(Source: DeSmog Blog, July 18, 2015) NEW YORK — A document marked “Confidential” and published last year by the Federal Bureau of Investigation (on July 18, 2014) concluded that “environmental extremists” could target oil-by-rail routes. But the Bureau also concedes...
Obama appoints PEB in NJ Transit labor dispute
(Source: www.nj.com, July 15, 2015) WASHINGTON, D.C. — President Obama on Wednesday named an emergency board to try to resolve the labor dispute between NJ Transit and its engineers. The action came after the Brotherhood of Locomotive Engineers and Trainmen...
CN reports Q2 2015 net income of C$866 million
(Source: CN press release, July 20, 2015) MONTREAL — CN reported its financial and operating results for the second quarter ended June 30, 2015. Second-quarter 2015 financial highlights: • Net income was C$886 million, or C$1.10 per diluted share, compared with net...
KCS reports 2Q 2015 financial results down 10 percent from same quarter of 2014
(Source: Kansas City Southern press release (PDF), July 17, 2015) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported second quarter 2015 revenues of $586 million, a decrease of 10% compared to second quarter 2014. Overall, carload volumes were 6% lower than in...
CSX warns it will be hard to hit profit goals for 2015
(Source: Associated Press, July 15, 2015) OMAHA, Neb. — CSX expects faltering demand for coal and crude oil to slow profit growth this year, but the railroad will limit expenses and work to raise rates to compensate. Full story: ABC News
CSX announces all-time record quarterly financial results in 2Q 2015
(Source: CSX press release, July 14, 2015) JACKSONVILLE, Fla. — CSX Corporation announced financial results for the second quarter of 2015, including net earnings of $553 million, or an all-time record $0.56 per share, an increase from $529 million, or $0.53 per...
New benefit year begins July 1 for Railroad Unemployment and Sickness benefits
(Source: Railroad Retirement Board press release, June 19, 2015) CHICAGO — A new benefit year under the Railroad Unemployment Insurance Act begins July 1, 2015. The maximum daily benefit rate payable for claims under this Act increases to $72 in the new benefit year....
