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Daily Headlines
BNSF expanding Bakken rail capacity
(Source: Bakken Magazine, January 21, 2015) GRAND FORKS, N.D. — Burlington Northern Santa Fe Railway Company recently announced its 2015 capital projects, revealing plans of investing roughly $1.5 billion across eight states for engineering and expansion projects....
In its final report, Canada’s Transportation Safety Board says one-man crew was ‘a risk factor,’ not a contributing factor in Lac-Megantic tragedy
(Source: CBC News, January 21, 2015) OTTAWA, Ontario — The Transportation Safety Board did not retain the opinion of expert investigators when compiling its final report into what caused the train derailment and explosion that killed 47 people in July 2013. In the...
Teamsters partner with U.S. Army, ABF Trucking to train military veterans as drivers
(Source: International Brotherhood of Teamsters press release, January 21, 2015) WASHINGTON, D.C. — The Teamsters, the U.S. Army and ABF Freight formally entered into a partnership today that provides for commercial driver's license training for military personnel...
CP Rail reports record 4Q 2014 operating ratio of 59.8 percent and earnings per share of C$2.63
(Source: Canadian Pacific Railway press release, January 22, 2015) CALGARY, Alberta — Canadian Pacific Railway Limited today announced the lowest quarterly operating ratio in the company's history and record net income for both the fourth quarter and the full year...
Union Pacific reports fourth quarter and full year 2014 results
(Source: Union Pacific press release, January 22, 2015) OMAHA, Neb. — Union Pacific Corporation today reported 2014 fourth quarter net income of $1.4 billion, or $1.61 per diluted share, compared to $1.2 billion, or $1.27 per diluted share, in the fourth quarter 2013....
Union Pacific beats estimates as economy bolsters freight
(Source: Bloomberg, January 22, 2015) NEW YORK — Union Pacific Corp.’s profit topped analysts’ estimates as a strengthening U.S. economy and growing construction market boosted traffic on the rails in the fourth quarter. The railroad has benefited most from the...
Virginia Museum of Transportation to open African-American railway history exhibit
(Source: Television station WDBJ7, January 21, 2015) ROANOKE, Va. — Just in time for Black History Month, the Virginia Museum of Transportation is opening an African-American railway history exhibit. The exhibit is called "From Cotton to Silk: African American...
Roanoke seeks $3.2 million grant to buy land for train station
(Source: Roanoke Times, January 20, 2015) ROANOKE, Va. — For the past 30 years, Roanokers have clamored to bring back passenger rail service. One year ago, the state arranged to pay the nearly $93 million price for track and related improvements. Amtrak will begin...
CP Rail enters into join venture to develop surplus real estate
(Source: Canadian Pacific Railway press release, January 20, 2015) CALGARY — Canadian Pacific and DREAM Unlimited Corp. are proud to announce an agreement to form a joint venture called DREAM Van Horne Properties (DREAM VHP), created to generate long-term shareholder...
B.C. Supreme Court sides with CP Rail in battle over Arbutus corridor
(Source: Globe and Mail, January 20, 2015) VANCOUVER — Canadian Pacific Railway Ltd. was within its rights to bulldoze some sheds and smash through community gardens along its unused Arbutus corridor, a judge has ruled, and the company can forge ahead with plans to...
