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Daily Headlines

Fund for victims of Lac-Megantic tragedy grows to $345 million

(Source: Associated Press, June 9, 2015) PORTLAND, Maine — The compensation fund for victims of a fiery oil train derailment that claimed 47 lives in a small town in Quebec has grown to $345 million with a contribution from the company that owned the shipment. Full...

FRA seeks changes to curb speed of passenger trains

(Source: Reuters, June 9, 2015) WASHINGTON, D.C. — The U.S. Federal Railroad Administration on Tuesday said railroads should identify locations where trains must reduce speed by more than 20 miles per hour in their approach to a bridge or curve and should modify...

Canada’s railroads confront market gravity

(Source: Bloomberg, June 9, 2015) NEW YORK — Investors are rediscovering a stock-market lesson in Canada: Shares of the country’s two biggest railroads don’t always go up. Canadian National Railway Co. and Canadian Pacific Railway Ltd. are falling this year, raising...

KCS inks construction, lease pact with Sasol Chemicals for rail yard

(Source: Progressive Railroading, June 8, 2015) Kansas City Southern subsidiary Kansas City Southern Railway Co. (KCSR) has reached an agreement with Sasol Chemicals LLC for the construction and long-term lease of a storage-in-transit rail yard to support Sasol's new...

First phase of California bullet train is cut due to legal disputes

(Source: Los Angeles Times, June 8, 2015) LOS ANGELES — State bullet train officials have cut eight miles of track from an initial 130-mile section of construction in the Central Valley as a result of legal disputes with local cities. Instead of ending in the...

DOT-117 defined

(Source: Railway Age, June 5, 2015) NEW YORK — The wait for a new tank car specification is over. Now comes the “fun” part: Retrofits to older cars, and potentially onerous operating rules. Full story: Railway Age

Virginia bets on higher-speed rail by 2025

(Source: Washington Post, June 4, 2015) WASHINGTON, D.C. — If traffic is smooth on Interstate 95, driving is the quickest way to get from Richmond to Washington — even faster than taking the train, which can take up to 2 hours and 45 minutes. Virginia transportation...

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