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Daily Headlines
STB seeks public comment on ‘safe harbor’ provision of rail fuel surcharge rules
(Source: Surface Transportation Board press release, May 29, 2014) WASHINGTON, D.C. — The Surface Transportation Board today instituted an Advance Notice of Proposed Rulemaking proceeding to provide interested persons the opportunity to comment on whether the "safe...
Union Pacific’s new rail hub opens along Mexican border in New Mexico
(Source: Associated Press, May 28, 2014) SANTA TERES, N.M. — A sprawling, $400 million railroad hub opened Wednesday in southern New Mexico with the promise of transforming the border area into an international industrial trade zone. The hub is one of the largest of...
CN sees U.S. banning DOT-111 tank cars in 3-5 years
(Source: Reuters, May 29, 2014) MONTREAL — Canadian National Railway Chief Executive Claude Mongeau said on Thursday he expects U.S. regulators to phase out use of DOT-111 tank cars in three to five years, following a deadly explosion in Quebec last year. Full story:...
Indiana’s governor touts high-speed rail link
(Source: Munster Times, May 29, 2014) HAMMOND, Ind. — Gov. Mike Pence, railroad and federal officials ceremoniously tapped the first rail spikes Thursday on the $71.4 million Indiana Gateway project that will help speed freight and passenger rail through Northwest...
AAR: Rail traffic up 7.6 percent over 2013 for week ending May 24
(Source: Association of American Railroads press release, May 29, 2014) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending May 24, 2014 with 300,936 total carloads, up 6.8 percent compared with...
St. Louis Museum of Transportation and Virginia Museum of Transportation to trade historic locomotives
(Source: Norfolk Southern press release, May 28, 2014) NORFOLK, Va. — The Museum of Transportation, St. Louis, and the Virginia Museum of Transportation are in discussions to bring Norfolk and Western Y6a steam engine #2156, currently in the St. Louis museum, back to...
Kansas City Southern stock sees short interest move 11.2% higher
(Source: Forbes, May 28, 2014) NEW YORK — The most recent short interest data has been released by the NASDAQ for the 05/15/2014 settlement date, which shows a 337,200 share increase in total short interest for Kansas City Southern, to 3,336,972, an increase of 11.24%...
CSX may miss its goal of achieving operating ratio of high 60s by 2015
(Source: Trefis, May 28, 2014) NEW YORK — CSX Corporation’s first quarter 2014 operating expenses increased $190 million due to high costs associated with weather disruptions and inflationary pressure on input costs. This led to a 5.2% increase in the company’s...
Stuck bridge disrupts Metro-North service across New Haven Line
(Source: New Haven Register, May 29, 2014) NORWALK, Conn. — A 117-year-old bridge became stuck on Metro-North’s New Haven Line, causing major problems for commuters across the region Thursday morning. Full story: New Haven Register
BNSF unit trains up, single cars still slow
(Source: Forum News Service, May 28, 2014) FARGO, N.D. — Burlington Northern Santa Fe Railway is reporting some improvement on delays in agricultural shipments on unit trains and mixed results on single cars. Full story: Prairie Business Magazine
