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Daily Headlines
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
BNSF CEO says U.S. rail, crude oil partnership growing
(Source: Natural Gas Intelligence, May 28, 2014) STERLING, Va. — The U.S. railroad industry a few short years ago wasn't involved in the unconventional oil and gas revolution, but major rail operators that include BNSF are now gearing up to move a lot more crude oil,...
CN says it is moving crop shipments at record pace
(Source: Reuters, May 28, 2014) CALGARY, Alberta — Canadian National Railway Co, Canada's largest rail carrier, said in a news release on Wednesday that it is exceeding grain-shipment levels mandated earlier this year by the Canadian government despite a record crop...
Lac-Megantic looks to Hiroshima and post-9/11 New York as models to attract people to the town
(Source: National Post, May 27, 2014) MONTREAL — After 47 people were killed and a third of the downtown was destroyed in last July’s catastrophic Lac-Mégantic, Que., train derailment, many despaired that the town could never bounce back. A local business group,...
California Senate passes bill to boost response to oil train spills
(Source: Reuters, May 29, 2014) SAN FRANCISCO — California's Senate approved a bill on Wednesday to tap the state's $30 million a year oil spill fund to tackle any oil train derailments, as growing output in landlocked states leads to increased crude delivery to...
