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Daily Headlines
One year after Lynchburg derailment, Bakken surge still fueling concerns
(Source: News & Advance, April 30, 2015) MOUNT CARBON, W.Va. — Derailments and subsequent tanker explosions are part of a growing trend of oil-by-rail accidents raising alarms across North America. The debate — focused on improving rail cars, maintaining track and...
Virginia official: CSX found track defect one day before 2014 Lynchburg oil train derailment
(Source: News & Advance, April 30, 2015) LYNCHBURG, Va. — CSX was planning to replace a section of its Lynchburg track after a high-tech inspection discovered a defect one day before the downtown derailment, according to a state official. Full story: News & Advance
Canada, U.S. transport officials to discuss rail safety regulations
(Source: Globe and Mail, April 29, 2015) TORONTO — Canada's Transport Minister Lisa Raitt is expected to travel to Washington on Friday to address plans for aligning rail safety regulations with the U.S. Secretary of Transportation, part of a wider push in both...
BNSF to reduce hiring, impose furloughs
(Source: Omaha World-Herald, April 29, 2015) OMAHA, Neb. — BNSF Railway said Wednesday it plans to reduce hiring and to place an unspecified number of workers on furloughs. The Texas-based freight railroad, owned by Omaha’s Berkshire Hathaway, has seen freight-hauling...
Activist investor may be building a stake in CSX
(Source: Bloomberg, April 29, 2015) NEW YORK — Bullish options on railroad stocks including CSX Corp. have surged amid speculation that an activist investor is building a stake in one of the companies. Full story: Bloomberg
BNSF retakes market share from Union Pacific
(Source: Bloomberg, April 22, 2015) NEW YORK — BNSF Railway Co. won back market share for grain and agriculture commodities that it lost to Union Pacific Corp. in 2014 when the railroad owned by Warren Buffett struggled to keep up with customer demand. Full story:...
Norfolk Southern declares quarterly dividend
(Source: Norfolk Southern press release, April 28, 2015) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record on May 8. Since its inception in...
Strong wind blows NS train cars off bridge; Jefferson Parish official questions why train was on bridge in storm
(Source: New Orleans Advocate, April 28, 2015) NEW ORLEANS, La. — A top Jefferson Parish official questioned Tuesday whether a Union Pacific train should have been crossing the Huey P. Long Bridge during the worst of Monday’s severe weather, even as crews arrived to...
Canada’s Minister of Labor appoints arbitrator for bargaining dispute between CP Rail, TCRC
(Source: Employment and Social Development Canada press release, April 24, 2015) OTTAWA — On April 20, 2015, the Honourable Dr. K. Kellie Leitch, Minister of Labour and Minister of Status of Women, appointed the Honourable George W. Adams as the mediator/arbitrator...
Hoffa statement on repealing health benefits tax
(Source: International Brotherhood of Teamsters press release, April 28, 2015) WASHINGTON, D.C. — The following is the official statement of Teamsters General President Jim Hoffa in response to the introduction today of the “Middle Class Health Benefits Tax Repeal...
