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Daily Headlines
CSX announces record results in 3Q 2014
(Source: CSX press release, October 14, 2014) JACKSONVILLE, Fla. — CSX Corporation today announced record third quarter net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last year. This...
Up to 3 oil trains move weekly through Central Oregon, up from 1 previously reported
(Source: Associated Press, October 12, 2014) PORTLAND, Ore. — BNSF Railway says it has increased the number of oil trains per week moving through Central Oregon. Full story: www.dailyjournal.net
BP Cherry Point will allow only newer-model train cars at its crude oil terminal
(Source: The Bellingham Herald, October 11, 2014) BELLINGHAM, Wash. — BP Cherry Point has announced its rail terminal will no longer accept or unload any Bakken region crude oil from pre-2011 standard tank cars. By the first week in October, the facility had stopped...
Union Pacific affected now, too, as scrutiny widens over rail shipping delays
(Source: Omaha World-Herald, October 10, 2014) OMAHA, Neb. — Union Pacific and other main freight railroads are now required to join BNSF Railway in filing detailed weekly reports on shipping delays, as federal regulators attempt to cope with complaints from farmers...
Minnesota power companies feel coal pinch, blame rail delays
(Source MPR News, October 12, 2014) MINNEAPOLIS, Minn. — After months of complaints by farmers, grain shippers and others that lengthy railroad delays have been bad for business, another major industry is crying foul. Minnesota power companies, which don't have as...
Could this be the Senate race where the Koch brothers meet their match?
(Source: Mother Jones, October 13, 2014) WASHINGTON, D.C. — Republicans' most likely path to retaking the Senate in November requires GOPers to pick up seats in six key states: Alaska, Arkansas, Louisiana, Montana, South Dakota, and West Virginia. Of the six,...
AAR: Combined weekly rail traffic up 5.6 percent over 2013 for week ending October 4
(Source: Association of American Railroads press release, October 9, 2014) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending Oct. 4, 2014 with 299,674 total carloads, up 7.4 percent compared...
Disgruntled employee steals train
(Source: Gillette News Record) GILLETTE, Wyo. — A jaunt on a stolen train Thursday ended in a crash and possible federal felony charges for the 22-year-old driver. Derek Skyler Brux was charged Friday with reckless endangering, felony destruction of property and...
Bid report boosts CSX stock, but chances of deal seen as remote
(Source: Reuters, October 14, 2014) NEW YORK — Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd., but analysts said any such deal would face significant regulatory and...
Canadian Pacific approached CSX about merger
(Source: Reuters, October 12, 2014) NEW YORK — Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators, according to the Wall Street Journal. Full story: Reuters
