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Daily Headlines
Amtrak operating on modified schedule along Northeast Corridor
(Source: Washington Post, January 23, 2014) WASHINGTON, D.C. -- With extreme cold temperatures hitting the Northeast, Amtrak said it will run its trains between Washington and Boston on a modified schedule. Full story: Washington Post
300-ton engine for PGE power plant strikes crude-oil train in Oregon, no oil spilled
(Source: The Oregonian, January 21, 2014) PORTLAND, Ore. -- A massive 300-ton engine being delivered to a Portland General Electric power plant near Clatskanie fell off a truck and struck a loaded crude oil rail car Tuesday morning, causing only minor damage. No...
After crude by rail accidents, experts mull U.S. oil market impact
(Source: Reuters, January 23, 2014) NEW YORK -- A spate of high profile crude-by-rail accidents is making oil analysts consider how tighter rail safety standards could impact U.S. oil markets, by potentially crimping a mode of transport that has grown exponentially...
Maine railroad in deadly Lac-Megantic derailment has been sold
(Source: Associated Press, January 22, 2014) PORTLAND, Maine -- Railroad Acquisitions LLC, a subsidiary of Fortress Investment Group, won the closed-door bidding for Montreal, Maine and Atlantic Railway, according to one of the losing bidders. The winning bid goes...
Why Norfolk Southern shares jumped higher
(Source: The Motley Fool, January 22, 2014) NEW YORK -- After the East Coast railroad CSX left investors stranded by the station last week, Norfolk Southern lifted their spirits by steamrolling through the fourth quarter of 2013. Full story: DailyFinance.com
Norfolk Southern 4Q 2013 profit rises sharply on strong shipment volumes
(Source: Reuters, January 22, 2014) NEW YORK -- Norfolk Southern Corp on Wednesday reported a 24 percent increase in fourth-quarter earnings, beating Wall Street's expectations, as strong chemicals, construction materials and auto shipments more than offset a dip in...
Editorial: Heed red flags of crude oil by rail
(Source: The Columbian, January 23, 2014) VANCOUVER, Wash. -- The latest information about the safety of oil-bearing trains reinforces an earlier conclusion: The Port of Vancouver’s plans to build an oil terminal should be viewed with a jaundiced eye. Full story: The...
Canada’s rail safety agency to urge heightened scrutiny of crude routes after Lac-Megantic
(Source: Globe and Mail, January 23, 2014) TORONTO and OTTAWA -- The federal transport safety agency will recommend heightened scrutiny of railway routes in response to the explosion at Lac-Mégantic, Que., raising the possibility of diverting oil trains to safer...
Rail disaster liability needs fix, but shouldn’t be downloaded to taxpayers
(Source: Canadian Press, January 22, 2014) OTTAWA -- Municipal leaders emerged from a meeting with Transport Minister Lisa Raitt Wednesday determined to see railways, shippers and producers of dangerous goods assume full liability for accidents and spills. Full story:...
Natural gas locomotives may prove cheaper, cleaner
(Source: Associated Press, January 23, 2014) OMAHA, Neb. -- The diesel-burning locomotive, the workhorse of American railroads since World War II, will soon begin burning natural gas — a potentially historic shift that could cut fuel costs, reduce pollution and...
