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Daily Headlines
CP Rail denies responsibility in Lac-Megantic tragedy
(Source: Globe and Mail, June 11, 2015) TORONTO — Canadian Pacific Railway will go before a Quebec Superior Court judge on Monday in Sherbrooke and argue it played no role in the fiery derailment of a Montreal, Maine and Atlantic Railway train that killed 47 people....
Oil companies pay into compensation fund for Lac-Megantic victims
(Source: The Hill, June 11, 2015) WASHINGTON, D.C. — Companies like Royal Dutch Shell PLC, Marathon Oil Corp., ConocoPhillips Co. and Irving Oil Ltd. have paid into the $345 million fund, though they deny that having had oil on the train that crashed makes them...
New report recommends railroad rate reform
(Source: Lincoln Journal Star, June 10, 2015) LINCOLN, Neb. — A new report recommends overhauling some of the regulations governing freight railroads and the rates they charge, especially for coal and grain, but the rail industry doesn't see a need for major changes....
Norfolk Southern stock hit 52-week low on June 9
(Source: Zacks, June 10, 2015) NEW YORK — Shares of leading U.S. railroad company, Norfolk Southern Corporation fell to a 52-week low of $90.39 on June 9, 2015. However, the company’s shares ended a trifle higher at $90.44, declining nearly 10% over the past one...
AAR: Combined weekly rail traffic down 2.2 percent from 2014 for week ending June 6
(Source: Association of American Railroads press release, June 10, 2015) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 6, 2015. For this week, total U.S. weekly rail traffic was 550,037...
House Republican backs amendment to de-fund California high-speed rail
(Source: Los Angeles Times, June 10, 2015) LOS ANGELES — One of the financial lifelines of California's bullet train project has been $3.2 billion in federal grants. But a provision included in a key transportation funding bill passed by the House of Representatives...
Amtrak to test PTC on Northeast Corridor, but problems persist
(Source: Reuters, June 10, 2015) WASHINGTON, D.C. — Amtrak said on Wednesday that it has won government approval to test a new rail safety system between New York and Washington that federal inspectors say would have prevented the deadly May 12 derailment in...
Radio-interference from freight rails may hamper Amtrak’s PTC efforts
(Source: Bloomberg, June 10, 2015) NEW YORK — Radio interference from freight railroads may disable the automated solution Amtrak is finalizing to prevent high-speed derailments like last month’s fatal accident in Philadelphia. The system that commands trains to slow...
Opinion: House Republicans’ safety plan for Amtrak: videotape the next derailment rather than prevent it
(Source: New Republic opinion column by Tim Starks, June 10, 2015) WASHINGTON, D.C. — The cameras might have bipartisan support, but what they won’t do is prevent the next train accident. They are only useful when a crash has already happened. “Inward-facing cameras...
Senator discusses daily fines for railroads that don’t meet PTC installation deadline
(Source: Philadelphia Inquirer, June 10, 2015) WASHINGTON, D.C. — At a hearing of the Senate Commerce committee on June 10, Sen. Richard Blumenthal (D., Conn.) pressed the Federal Railroad Administration to impose fines of up to $105,000 per day for railroads that...
