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Daily Headlines
CN opens training center in Homewood
(Source: Southtown Star, October 15, 2014) HOMEWOOD, Ill. — Canadian National Railway Company officially opened its new employee training center in Homewood Tuesday morning. Full story: Southtown Star
Feds ask Norfolk Southern to explain how it will address Amtrak delays
(Source: Cleveland Plain Dealer, October 14, 2014) CLEVELAND, Ohio — Of particular concern to the Surface Transportation Board is Amtrak service on the two lines that come through Cleveland --- the Capitol Limited that goes from Chicago to Washington, D.C., and the...
Metro-North rail traffic control staff has worked 7 days straight for ‘weeks on end’
(Source: New York Daily News, October 12, 2014) NEW YORK — Rail-traffic control staff at the Metro-North Railroad had been working seven days straight for “weeks on end” because of a manpower shortage during a period when the nation’s second-largest commuter railroad...
Union Pacific surcharge puts pressure on ag exports
(Source: Twin Falls Times-News, October 14, 2014) TWIN FALLS, Idaho — It’s more expensive to move agricultural products overseas these days. Union Pacific implemented, on Oct. 1, a heavy-weight surcharge on westbound export containers in excess of 22 tons for a...
Insurance company AIG unveils $1 billion policy for railroads as crude by rail soars
(Source: Globe and Mail, October 9, 2014) TORONTO — As crude-by-rail shipments soar, insurance company American International Group Inc. (AIG) is offering rail companies a $1-billion (U.S.) cushion against catastrophic derailments. Full story: Globe and Mail
Railroads rally allies to fight oil train speed limits
(Source: Montreal Gazette, October 15, 2014) WASHINGTON, D.C. — More than a dozen companies and business groups, urged by railroads, are warning regulators that cutting speeds to 40 miles an hour from 50 would have a cascading effect, delaying other trains sharing the...
CN was stymied 15 years ago on U.S. rail merger: Will CP Rail be luckier?
(Source: Financial Post, October 14, 2014) OTTAWA — Almost 15 years ago, Canadian National, which had been privatized a few years earlier, made a bid to acquire Burlington Northern Sante Fe, a move which was set to create the largest railroad in North America. Full...
Canadian Pacific bid for CSX could set up rail industry deals
(Source: Bloomberg, October 13, 2014) NEW YORK — After being spurned by CSX, Canadian Pacific could make another approach or consider another target, said a person familiar with the matter. CSX, the largest railroad in the eastern U.S., would also be a good fit for...
Teamsters make history with first ever organizing victory at FedEx Freight
(Source: International Brotherhood of Teamsters press release, October 14, 2014) PHILADELPHIA, Pa. — A group of 47 drivers at FedEx Freight’s East Philadelphia terminal in Croydon, Penn. made history today when they overwhelmingly voted to join Teamsters Local 107 in...
CSX 3Q 2014 profit rises 12 percent, tops estimates
(Source: Associated Press, October 14, 2014) OMAHA, Neb. — CSX Corp. (CSX) on Tuesday said its third-quarter profit grew 12 percent to $509 million as it hauled more freight amid an improving economy. Full story: Albany Times Union
