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Daily Headlines
Indiana State Rep. Truitt files bill to fund Amtrak line
(Source: Lafayette Journal & Courier, January 14, 2015) LAFAYETTE, Ind. — Proposals to continue funding Indiana’s Hoosier State passenger rail service have come from the governor’s office and the General Assembly. State Rep. Randy Truitt filed House Bill 1217, which...
Big Canadian firms won’t pay into Lac-Megantic compensation fund
(Source: Toronto Sun, January 15, 2015) SHERBROOKE, Que. — Three companies directly involved in the Lac-Megantic railway disaster are refusing to pay into a compensation fund, QMI Agency has learned. Full story: Toronto Sun
CEO Claude Mongeau defends CN’s purchase of EJ&E
(Source: Chicago Daily Herald, January 15, 2015) CHICAGO — Saying he's "disappointed" by two more years of federal scrutiny, Canadian National Railroad CEO Claude Mongeau defended the agency's record following a controversial purchase of the smaller EJ&E Railroad....
Plunging oil prices won’t mean fewer trains crossing Minnesota
(Source: Forum News Service, January 15, 2015) MINNEAPOLIS — Plunging oil prices do not immediately mean fewer trains will cross Minnesota, a state railroad expert says. Full story: www.twincities.com
While tax credits remain uncertain, short line railroads are getting more gas, coal traffic
(Source: Pittsburgh Post-Gazette, January 13, 2015) PITTSBURGH, Pa. — The Homer City Generating Station was built on top of a coal mine. For more than two decades, the 2,000-megawatt facility in Indiana County burned coal that was trucked in from the mine portals that...
Earnings call transcript: CSX CEO Michael Ward on 4Q 2014 results
(Source: Seeking Alpha, January 14, 2015) JACKSONVILLE, Fla. — The following is a transcript of CSX Corporation’s fourth quarter 2014 earnings call, which was held on January 13, 2015. Full story: Seeking Alpha
CSX layoffs to follow management buyouts
(Source: Florida Times-Union, January 14, 2015) JACKSONVILLE, Fla. — CSX Corp. will have to lay off workers to meet its goal of eliminating 300 management jobs, CEO Michael J. Ward said in a phone interview on Wednesday. Fewer than 100 people will be laid off, he...
Ten killed, five injured after Texas prison bus slides off icy overpass, gets hit by train
(Source: Reuters, January 14, 2015) AUSTIN, Texas — Ten people were killed and five severely injured when a Texas prison bus carrying 15 people skidded off an icy highway overpass and hit a moving freight train on Wednesday, officials said. Full story: Reuters
Hoffa to members: A new day for our great union
(Source: Statement by Teamsters General President James P. Hoffa, January 14, 2015) WASHINGTON, D.C. — Today, the United States of America represented by the United States Attorney for the Southern District of New York entered into an agreement with the International...
Hoffa: Teamster put corruption in its past
(Source: USA Today column by Teamsters General President James P. Hoffa, January 14, 2015) WASHINGTON, D.C. — Wednesday marks an important milestone in the history of the International Brotherhood of Teamsters. The Teamsters Union and the U.S. Attorney for the...