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Daily Headlines
NTSB: Distracted driver caused derailment and explosion in Rosedale, Md.
(Source: National Transportation Safety Board press release, October 22, 2014) WASHINGTON, D.C. — Today the National Transportation Safety Board determined that the May 28, 2013 train/truck collision, 15-car derailment, and subsequent explosion in Rosedale, Md. was...
Hoffa tells Chicago Teamsters they play pivotal role in election
(Source: International Brotherhood of Teamsters press release, October 22, 2014) CHICAGO — The Teamsters’ get-out-the-vote effort in advance of the Nov. 4 election moved onto Illinois today, with General President Jim Hoffa encouraging early voting among union members...
Opinion: In quest for profits, rail industry fights oil train speed limits, brake regulation
(Source: DeSmog Blog, October 23, 2014) SEATTLE — Yea, that’s right, according to Big Oil and Big Rail, the biggest threat to the 25 million people living in the bomb train blast zones is the overreaction of regulators. The rail industry is now spending a lot of time...
Backers of maglev train hope to outpace Acela in the Northeast Corridor
(Source: New York Times, October 22, 2014) WASHINGTON, D.C. — A group of Washington investors with high-level political backing and a $5 billion commitment from the Japanese government is pressing ahead with its vision of a high-speed train that could whisk passengers...
CP Rail CEO doubts merger deals would hurt service
(Source: Canadian Press, October 21, 2014) CALGARY — Mergers among the top North American railways may be possible if they are structured so that they won't hurt customers, the chief executive of Canadian Pacific Railway Ltd. says. Full story: Calgary Herald
Norfolk Southern CEO’s merger comments derail rail stocks
(Source: USA Today, October 22, 2014) WASHINGTON, D.C. — Rail stocks skidded Wednesday after Norfolk Southern CEO Wick Moorman dismissed talk of industry mergers, telling stock analysts that even with regulatory approval, they don’t make sense. Full story: USA...
Norfolk Southern CEO says rail mergers won’t work
(Source: Associated Press, October 22, 2014) OMAHA, Neb. — Norfolk Southern Corp.'s CEO doesn't think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk's Southern's quarterly...
Union Pacific reports all-time quarterly records in 3Q 2014
(Source: Union Pacific press release, October 23, 2014) OMAHA, Neb. — Union Pacific Corporation today reported 2014 third quarter net income of $1.4 billion, or $1.53 per diluted share, compared to $1.15 billion, or $1.24 per diluted share, in the third quarter 2013....
Legal petition seeks NY ban on DOT-111 rail tank cars
(Source: Associated Press, October 21, 2014) ALBANY, N.Y. — A coalition of environmental groups and city residents filed a legal petition on Tuesday seeking a ban on older model rail tanker cars carrying volatile crude oil from North Dakota to the Port of Albany,...
Granite Peak Development unveils new $60 million crude by rail facility in Wyoming
(Source: Casper Star Tribune, October 22, 2014) CASPER, Wyo. — The new loading station, near the Casper/Natrona County International Airport, is largely aimed at serving the Express Pipeline. Express begins in Canada and connects to the Platte Pipeline, which runs to...
