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Battle over oil trains begins, perhaps, with a crowded meeting

(Source: Capital New York, February 13, 2014) ALBANY, N.Y. -- In a meeting that likely signaled the beginning to a much bigger battle, city and state legislators joined with hundreds of community activists and environmentalists at Giffen Elementary School, in one of...

When oil trains come through, there’s no room for humans

(Source: Think Progress, February 13, 2014) NEW YORK -- Living on an oil rail route is bad enough when you’re allowed to use the trains. There’s the possibility your town will get covered in toxic chemicals or explode, or that it will make the traffic really...

Oil train explosions: U.S. regulators slow to react

(Source: Bloomberg Businessweek, February 13, 2014) NEW YORK -- For most of the 14 years that Tinamarie Hatlee has lived in Ravena, N.Y., a small town south of Albany, she didn’t mind the trains that passed 50 feet from the back door of her house. They came only a few...

Train carrying Canadian oil derails, leaks in Western Pennsylvania

(Source: Reuters, February 13, 2014) NEW YORK -- 120-car Norfolk Southern Corp train carrying heavy Canadian crude oil derailed and spilled in western Pennsylvania on Thursday, adding to a string of recent accidents that have prompted calls for stronger safety...

CSX Corporation declares quarterly dividend

(Source: CSX press release, February 12, 2014) JACKSONVILLE, Fla. -- Earlier today, the board of directors of CSX Corporation approved a $0.15 per share quarterly dividend on the company's common stock. The dividend is payable on March 14, 2014, to shareholders of...

CP Rail may surprise with size of share buyback

(Source: Financial Post, February 13, 2014) OTTAWA -- Canadian Pacific Railway Ltd. may surprise investors with the size of its broadly-anticipated share buyback program, J.P. Morgan said in a new report. Full story: Financial Post

New York weighs high-speed rail alternatives

(Source: Democrat & Chronicle, February 12, 2014) ROCHESTER, N.Y. -- A 3½-year state review of high-speed passenger rail possibilities has yielded alternatives that would radically improve Amtrak service to Rochester and other upstate New York cities but cost billions...

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