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Daily Headlines
Metro-North prepares for threat of rising sea levels
(Source: Poughkeepsie Journal, April 22, 2014) POUGHKEEPSIE, N.Y. -- At the height of Superstorm Sandy, half of Metro-North Railroad’s Hudson River line was underwater. But by the end of the century, many parts of the commuter railroad could be underwater — every day....
St. Paul Pig’s Eye Lake freight trains could be longer than ever
(Source: Pioneer Press, April 19, 2014) ST. PAUL, Minn. -- The freight trains that pull into the Canadian Pacific rail yard by Pig's Eye Lake could soon be longer than ever. But plans to extend each of the six tracks in the company's rail yard southeast of downtown by...
Rail delays hit Powder River Basin coal
(Source: Billings Gazette, April 21, 2014) BILLINGS, Mont. -- In one of the coldest winters in recent memory, the heating plant at the University of North Dakota was running out of coal. The trains that normally deliver a steady supply of Montana coal for the UND...
U.S. railroads show untapped value from delay in building oil pipeline
(Source: Reuters, April 21, 2014) NEW YORK -- U.S. railroads are obvious winners from the latest delay in the Keystone XL Pipeline approval, and some of the freight operators with the biggest growth in petroleum shipments look undervalued, according to an analysis of...
Teamsters: Temp work won’t get America back on track
(Source: International Brotherhood of Teamsters press release, April 21, 2014) WASHINGTON, D.C. -- Post-Great Recession America may not be a place of double-digit unemployment. But the number of jobs where workers can earn an honest living that supports a family with...
LIRR unions mull latest MTA contract offer
(Source: Newsday, April 21, 2014) NEW YORK -- The MTA put a new offer on the table Monday in its heated contract dispute with 5,800 Long Island Rail Road union workers threatening to strike this summer. Full story: Newsday
CP Rail tops profit estimates in 1Q 2014 with labor savings
(Source: Bloomberg, April 22, 2014) NEW YORK -- Canadian Pacific Railway Ltd. (CP) reported first-quarter profit that beat analysts’ estimates as a drop in benefits and compensation spending helped the country’s second-largest railroad blunt weather-related costs....
CP Rail’s 1Q 2014: Best first quarter financial results in company’s history
(Source: Canadian Pacific Railway press release, April 22, 2014) CALGARY, Alberta -- Canadian Pacific Railway Limited today announced record Q1 2014 financial results. Reported net income in the first quarter was $254 million, or $1.44 per diluted share, versus $217...
NTSB: Ship was going too fast when it hit CSX pier in Maryland
(Source: Associated Press, April 18, 2014) BALTIMORE, Md. -- The National Transportation Safety Board says high speed was the probable cause of a shipping accident that did more than $2 million worth of damage to a CSX Corp. coal pier in Baltimore Harbor. The agency...
California high-speed rail agency issues final environmental report for Fresno-Bakersfield route
(Source: Fresno Bee, April 18, 2014) FRESNO, Calif. -- A final version of an environmental report has been issued for the Fresno-Bakersfield stretch of California's proposed high-speed rail system. The 20,000-page report, released Friday afternoon by the California...
