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Daily Headlines
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...
Oil by rail fight in Washington threatens California gasoline prices
(Source: Reuters, July 21, 2014) VANCOUVER, Wash. — California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington...
Open letter from Secretary Foxx and 11 former DOT Secretaries urging Congress to address long-term transportation needs
(Source: U.S. Department of Transportation press release, July 21, 2014) WASHINGTON, D.C. — As Congress considers legislation to avoid a shortfall of the Highway Trust Fund, Transportation Secretary Anthony Foxx and 11 of his predecessors offered the following open...
CN reports 2Q 2014 net income of C$847 million, up 18 percent from year-earlier net income
(Source: CN press release, July 21, 2014) MONTREAL — CN today reported its financial and operating results for the second quarter and six-month period ended June 30, 2014. Second-quarter 2014 financial highlights • Net income was C$847 million, or C$1.03 per diluted...
Ex-employees claim BNSF Railway has ignored key safety checks
(Source: Public Radio International, July 21, 2014) NEW YORK — One of the largest freight railroad companies in North America, Burlington Northern Santa Fe (BNSF) Railway, is accused of forcing workers to skip critical safety checks and firing employees who blow the...
