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Daily Headlines

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...

Locomotive involved in Lac-Megantic disaster to hit auction block

(Source: Canadian Press, July 23, 2014) MONTREAL — It’s been known to belch oil from its exhaust, it’s caught fire at least once and it led the “train from hell” that smashed into Lac-Mégantic, killing 47 people. And pretty soon locomotive MMA 5017 can be all yours....

Norfolk Southern reports record second-quarter 2014 results

(Source: Norfolk Southern press release, July 23, 2014) NORFOLK, Va. — For the second quarter of 2014 Norfolk Southern reported record net income of $562 million, 21 percent higher compared with $465 million in second-quarter 2013. Diluted earnings per share increased...

Obama Administration said to plan stricter oil train safety rules

(Source: Bloomberg, July 23, 2014) WASHINGTON, D.C. — The Obama administration will propose train speed limits and studier rail tank cars today as part of a set of new rules intended to reduce the risks of hauling crude oil, two people familiar with the plan said....

Dwight D. Eisenhower locomotive exhibit opening on August 2 in Green Bay

(Source: National Railroad Museum press release, July 18, 2014) GREEN BAY, Wisc. — A new exhibit showcasing the restored Dwight D. Eisenhower locomotive, a British train renamed for President Eisenhower after World War II, will open to the public on Saturday, August 2...

CSX Senior VP Mancini sells $1.2 million in stock

(Source: WKRB 13, July 21, 2014) JACKSONVILLE, Fla. — CSX Senior Vice President Lisa A. Mancini sold 40,000 shares of CSX stock in a transaction that occurred on Friday, July 18. The shares were sold at an average price of $30.91, for a total value of $1,236,400.00....

Metro-North, Amtrak trains running again after rock slide

(Source: Oneida Daily Dispatch, July 21, 2014) GARRISON, N.Y. — Full service has resumed on the nation’s second-largest commuter rail system after tumbling rocks damaged a stretch of tracks, halted trains and left hundreds of passengers without rides north of New York...

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