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Daily Headlines
UP’s Chief Accounting Officer sells $640,320 in stock
(Source: WKRB, September 18, 2014) NEW YORK — Union Pacific CAO Jeffrey P. Totusek sold 5,888 shares of the stock on the open market in a transaction that occurred on Wednesday, September 17. The stock was sold at an average price of $108.75, for a total transaction...
CP Rail meeting Canada’s grain shipment targets
(Source: Reuters, September 18, 2014) CALGARY — Canadian Pacific Railway Ltd has met the minimum weekly grain volumes mandated by the Canadian government, the railway said on Thursday, a day after Transport Canada said it would fine Canadian National Railway Co for...
Colorado panel starts work on plan to upgrade track for Southwest Chief
(Source: Associated Press, September 18, 2014) PUEBLO, Colo. — A commission created by the Colorado Legislature has begun looking into funding to upgrade the route of Amtrak's Southwest Chief and keep the passenger train running through the southeast corner of the...
Teamsters call on FedEx to stop paying personal taxes for executives
(Source: International Brotherhood of Teamsters press release, September 18, 2014) WASHINGTON, D.C. — ISS, the country’s leading proxy voting advisor, has recommended that shareholders vote for a Teamsters-sponsored shareholder proposal at FedEx that calls on the...
Wisconsin’s high-speed trains ready to roll… in Michigan
(Source: The Cap Times, September 18, 2014) MADISON, Wisc. — The two high-speed Talgo train sets originally built for high-speed rail service to connect Madison, Milwaukee and Chicago have finally found a home — in Michigan. The trains are part of improvements that...
Canadian crude exports to United States hit record high
(Source: Reuters, September 17, 2014) CALGARY — U.S. crude oil imports from Canada hit a record high of nearly 3 million barrels per day in the week ended Sept. 12, U.S. Energy Information Administration data showed on Wednesday. Full story: Reuters
AAR: Combined weekly rail traffic up 3.1 percent over 2013 for week ending September 13
(Source: Association of American Railroads press release, September 18, 2014) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending Sept. 13, 2014 with 300,388 total carloads, up 1.4 percent...
U.S. Class I workforce widened in August
(Source: Progressive Railroading, September 18, 2014) The U.S. Class I workforce continued to grow last month. As of mid-August, the large railroads employed 167,988 people, up 0.5 percent from July's level and 2.8 percent from August 2013's mark, according to Surface...
Rail advocates to Congress: Don’t cut Amtrak funding
(Source: The Hill, September 18, 2014) WASHINGTON, D.C. — A group of passenger rail advocates is urging Congress not to reduce Amtrak’s federal funding in a reauthorization bill that is being considered by the House. Full story: The Hill
Trucking firm faces paying millions in Amtrak crash
(Source: Associated Press, September 17, 2014) RENO, Nev. — A Nevada trucking company could be forced to pay more than $5.7 million if a judge formalizes a jury verdict that faulted one of its drivers for a fiery 2011 crash with an Amtrak train that killed six people...
