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Daily Headlines
Kansas City Southern touts solid growth, but stock slips further behind rivals
(Source: Forbes, October 17, 2014) NEW YORK — Despite one of the most optimistic growth forecasts in the industry, uncertainty about the pace of expansion in one of Kansas City Southern’s key business lines – the U.S. chemical industry – caused the railway’s stocks to...
Kansas City Southern reports record quarterly revenue and carloads in 3Q 2014
(Source: Kansas City Southern press release, October 17, 2014) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) reported third quarter 2014 revenues of $678 million. Overall, carload volumes were 4% higher than in third quarter 2013. Third quarter revenue...
CSX and Canadian Pacific Railway call off merger talks
(Source: New York Times, October 20, 2014) NEW YORK — Merger talks between the Canadian Pacific Railway and the CSX Corporation have ended, stifling an effort to create a $60 billion giant during a boom time for the railroad industry. Canadian Pacific confirmed the...
A chat with Amtrak CEO Joe Boardman on the state of U.S. passenger rail
(Source: City Lab report by Eric Jaffe, October 16, 2014) NEW YORK — The first thing I say over the phone to Amtrak President and CEO Joseph Boardman is that I appreciate him taking the time to talk about Amtrak, because it's one of my favorite subjects, and it's a...
CSX celebrates Winter Haven transportation hub
(Source: Tampa Tribune, October 16, 2014) WINTER HAVEN, Fla. — CSX Corp. on Thursday celebrated the official grand opening of a new transportation hub here that will allow trucks and trains to exchange goods for distribution across the state. Full story: Tampa...
Trial date pending in BNSF homicide case
(Source: Herald and News, October 14, 2014) KLAMATH FALLS, Ore. — Lawyers for James Harold Forshee, the suspect in a homicide case from April, and the prosecution will meet in a settlement conference on the case by the end of October. Full story: Herald and News
Editorial: If passenger rail service is to have a future, Amtrak and freight lines must get more cooperative
(Source: Toledo Blade, October 17, 2014) TOLEDO, Ohio — Toledoans routinely boast to potential employers and residents about the breadth and sophistication of the region’s transportation network: road and rail, air and water. But passenger rail service in Toledo has...
AAR: Combined weekly rail traffic up 4.6 percent over 2013 for week ending October 11
(Source: Association of American Railroads press release, October 16, 2014) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending Oct. 11, 2014 with 298,376 total carloads, up 4.3 percent compared...
Brakes tampered with on runaway train cars in south Edmonton, CP Rail says
(Source: Edmonton Journal, October 16, 2014) EDMONTON, Alberta — CP Rail officials are investigating a September incident in which two train cars rolled out of control after their brakes failed. The incident is believed to have been “an intentional act,” CP...
‘Okay, we’re in hell:’ Lac-Megantic fire chief recounts night of train explosion
(Source: Globe and Mail, October 16, 2014) TORONTO — A 911 dispatcher awakened Lac-Mégantic fire Chief Denis Lauzon from his sleep shortly after 1 a.m. on July 6, 2013, to tell him there was a house fire in the town of 6,000 people. But when the chief looked out his...
