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Daily Headlines
Canadian Pacific posts record quarterly, annual profit in 4Q 2013
(Source: Globe and Mail, January 29, 2014) TORONTO -- Canadian Pacific Railway Ltd. posted record quarterly and annual profit on Wednesday as the shakeup launched by CEO Hunter Harrison appears to be paying off. The Calgary-based railway says net profit in the three...
Canadian Pacific announces 4Q and 2013 full year financial results
(Source: Canadian Pacific Railway press release, January 29, 2014) CALGARY, Alberta -- Canadian Pacific Railway Limited today announced record Q4 and 2013 full-year results that clearly demonstrate the significant progress made to date in its corporate and operational...
Opinion: Taking California’s bullet train to a greener future
(Source: Los Angeles Times opinion column by Brian P. Kelly and Mary D. Nichols, January 29, 2014) LOS ANGELES -- California's high-speed rail is one of the largest public works projects anywhere in the world. Like the Golden Gate Bridge, Bay Area Rapid Transit,...
Hoffa: Tax dodging by big businesses hurts our kids and is not sustainable
(Source: Huffington Post opinion column by Teamsters General President James P. Hoffa, January 28, 2014) WASHINGTON, D.C. -- Imagine sending your child to kindergarten in a school district that is in such a budget crisis, her school no longer has a library, or an arts...
Big Boy update: Steam locomotive arrives safely in Colton
(Source: Press-Enterprise, January 28, 2014) RIVERSIDE, Calif. -- Thousands of rail fans watched Sunday, Jan. 26, as Union Pacific’s historic steam locomotive, Engine 4014, hit the rails for the first time in more than half a century and made a safe and stately 20 mph...
BNSF banks on Bakken shale oil, but there’s a catch
(Source: Metal Miner, January 28, 2014) For example, as of last summer, BNSF shipped about 650,000 barrels of crude per day, against almost none five years ago, according to Bloomberg. CP expected to “haul 70,000 carloads of crude in 2013, up from 500 in 2009,” the...
CN gets $25 million from New Brunswick to keep northern freight line
(Source: CBC News, January 24, 2014) OTTAWA -- The New Brunswick government will provide $25 million to Canadian National Railway to upgrade its rail line and keep freight service in northern New Brunswick. The money will be used to improve the rail infrastructure. In...
Keystone opponents use rail constraints to urge pipeline rejection
(Source: Bloomberg, January 28, 2014) WASHINGTON, D.C. -- Environmentalists are making an unusual argument in their attempt to stop the Keystone XL pipeline: that trains can’t move all the oil out of Canada. Keystone supporters say Canada could just as easily...
String of oil train crashes prompts push for safety rules
(Source: National Public Radio, January 24, 2014) NEW YORK -- The National Transportation Safety Board is calling for the swift enactment of tough new standards on trains carrying crude oil. And in an unprecedented move, the jointly with the Transportation Safety...
Texas high-speed rail possibilities well-received at Waco meeting
(Source: Waco Tribune, January 28, 2014) WACO, Texas -- High-speed rail connecting Dallas, Waco, Austin and San Antonio could offer intercity travel 80 percent cheaper than air travel and demand no operating subsidy, state transportation officials said Monday at a...
