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Daily Headlines

Quebec police move to block auction of Lac-Megantic locomotive

(Source: Canadian Press, July 23, 2014) MONTREAL — Quebec provincial police say they’ve taken steps to prevent the auction of the locomotive that played a key role in the deadly Lac-Mégantic rail disaster. Full story: Toronto Star

Union Pacific reports all-time quarterly records in 2Q 2014

(Source: Union Pacific press release, July 24, 2014) OMAHA, Neb. — Union Pacific Corporation today reported 2014 second quarter net income of $1.3 billion, or $1.43 per diluted share, compared to $1.1 billion, or $1.18 per diluted share, in the second quarter 2013....

New oil train rules in brief

(Source: Politico, July 23, 2014) WASHINGTON, D.C. — The Department of Transportation’s 200-page proposed rule is intended to strengthen standards for transporting crude oil by rail, particularly the more volatile crude extracted from North Dakota’s Bakken region....

DOT wants to phase out older rail tank cars used for crude oil

(Source: Journal News, July 23, 2014) WASHINGTON, D.C. — Older railroad tank cars carrying explosive Bakken crude oil or ethanol would be phased out over the next two years under a proposed regulation announced Wednesday by the U.S. Department of Transportation. Full...

Cleanup at Slinger derailment to shift to soil excavation

(Source: Milwaukee Journal Sentinel, July 22, 2014) SLINGER, Wisc. — Cleanup crews at the scene of Sunday's two-train collision and derailment in Slinger will finish vacuuming up spilled diesel fuel Tuesday and shift to excavating contaminated soil the remainder of...

CSX CEO Michael Ward sells $5.36 million in stock

(Source: Watch List News, July 22, 2014) NEW YORK — CSX CEO Michael J. Ward unloaded 173,000 shares of the stock on the open market in a transaction dated Friday, July 18. The shares were sold at an average price of $31.02, for a total value of $5,366,460.00....

ND Rep. says rail service must improve by harvest; CP Rail progress slow

(Source: Ag Week, July 21, 2014) FARGO, N.D. — Burlington Northern Santa Fe Railway reported 3,908 past-due agricultural rail cars as of July 17, down about 14 percent from the previous week’s 4,561. The past-due single-car orders were an average of 26.6 days late,...

North Dakota farmers nervous over rail backlog

(Source: Bismarck Tribune, July 23, 2014) BISMARCK, N.D. — North Dakota farmers are concerned a backlog in rail shipments will affect the upcoming harvest. With harvest approaching, there are worries over grain storage and delivery. Elevators may not be able to move...

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