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Daily Headlines
Are driverless freight trains on their way? UP says no
(Source: Bloomberg News, June 7, 2015) NEW YORK — Self-driving cars are coming. Self-driving trucks, too. OK, maybe they're not coming tomorrow, but there certainly are a lot of resources and smarts being devoted to separating us from our steering wheels. What about...
Via Rail looks to private investment for $3 billion dedicated track plan
(Source: Globe and Mail, June 4, 2015) TORONTO — The head of Via Rail Canada Inc., Yves Desjardins-Siciliano, told a room full of bankers, pension-fund managers and developers the $3-billion proposal to buy and build dedicated passenger train tracks in the busy...
Norfolk Southern dedicates locomotive to honor first responders
(Source: Norfolk Southern press release, June 4, 2015) WASHINGTON, D.C. — Norfolk Southern in a ceremony at Washington, D.C.’s Union Station unveiled its latest commemorative locomotive, a vibrant SD60E honoring emergency first responders. The locomotive – with...
Alberta oil train terminal sells for C$75 million
(Source: Reuters, June 4, 2015) CALGARY — Cenovus Energy Inc , Canada's No. 2 independent oil producer, has agreed to buy the Bruderheim, Alberta, crude-by-rail terminal from Canexus Corp for C$75 million in cash, the two companies said on Thursday. Full story:...
Oil train traffic sharply declines through Columbia River Gorge
(Source: The Oregonian, June 4, 2015) PORTLAND, Ore. — Oil train traffic through the Columbia River Gorge has declined one-third or more from its peak amid an oil price decline that has pressured crude-by-rail shipments nationwide. Full story: The Oregonian
Appeals court upholds $228K awarded to ex-BNSF employee
(Source: Associated Press, June 4, 2015) OMAHA, Neb. — A federal appeals court has upheld an award of more than $228,000 to a former BNSF Railway worker who said he was fired in 2010 for refusing to withhold evidence in a criminal forgery investigation. Full story:...
Transportation stocks are slumping, but that may not be the yellow flag it once was
(Source: Associated Press, June 4, 2015) NEW YORK — One of the oldest trading strategies in the book is showing a yellow flag for stock investors, but analysts say it's not quite time to sell yet. Full story: Brandon Sun
Gov. Baker announces $83 million plan to cure MBTA’s winter woes
(Source: Boston Herald, June 4, 2015) BOSTON — Gov. Charlie Baker plans to put $83 million over the next five years toward beefing up the MBTA's wintertime equipment and procedures after last season's record-breaking snowfall ground the system to a halt and prompted...
RRB announces fall 2015 dates for Informational Conferences, Pre-Retirement Seminars
(Source: U.S. Railroad Retirement Board press release, June 4, 2015) CHICAGO — The U.S. Railroad Retirement Board (RRB) has announced a schedule of dates for the agency’s fall 2015 Informational Conferences and Pre-Retirement Seminars. Informational Conferences will...
Amtrak derailment update: Remaining patients no longer in critical condition
(Source: www.nj.com, June 4, 2015) PHILADELPHIA — The four remaining Temple University Hospital patients injured in last month's train derailment in Port Richmond are no longer in critical condition. Full story: www.nj.com
