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Daily Headlines

Freight train carrying crude oil derails in Cheektowaga, N.Y.

(Source: Buffalo News, December 10, 2013) BUFFALO, N.Y. — Several tank cars carrying crude oil derailed on a train in the Broadway-Harlem Road area of Cheektowaga this morning, according to a spokesman for CSX. Full story: Buffalo News

West Coast crude rail unloading to hit nearly 1 million barrels per day

(Source: Reuters, December 10, 2013) HOUSTON, Texas — Independent refiner Tesoro Corp sees rail unloading capacity all along the U.S. West Coast for North Dakota Bakken crude oil growing to nearly 1 million barrels per day through 2015, an executive said on Tuesday....

Moving crude oil by rail: An explosive situation?

(Source: Philadelphia Daily News, December 10, 2013) PHILADELPHIA, Pa. — The remarkably rapid rise in crude shipments by rail over just a couple of years - the result of an oil boom in the American heartland - has other safety experts and environmentalists highly...

Bipartisan negotiators unveil budget to avoid January shutdown

(Source: National Public Radio, December 10, 2013) WASHINGTON, D.C. — Congressional negotiators announced Tuesday that they'd reached a budget proposal to restore about $65 billion worth of sequestration cuts in exchange for cuts elsewhere and additional fees. Full...

Looking at the stats, America resembles a poor country

(Source: Salon, December 10, 2013) NEW YORK — Three decades of trickledown economics; the monopolization, privatization and deregulation of industry; and the destruction of labor protection has resulted in 50 million Americans living in abject poverty, while 400...

Opinion: Attacking labor movement the same as attacking middle class

(Source: Lexington Herald-Leader, December 10, 2013) LEXINGTON, Ky. — The rise of inequality in the U.S. over the past four decades parallels the decline of unions. The correlation is not accidental because unions not only raise the pay and gain benefits (pensions,...

Norfolk Southern’s CMO sells $715,298 in stock

(Source: WKRB, December 9, 2013) NEW YORK — Norfolk Southern Corp. Chief Marketing Officer (CMO) Donald Seale sold 7,977 shares of the stock on the open market in a transaction that occurred on Friday, December 6. The shares were sold at an average price of $89.67,...

UP Director Thomas Donohue sells $2.3 million in company stock

(Source: Ticker Report, December 9, 2013) NEW YORK — Union Pacific Corp. Director Thomas Donohue sold 14,162 shares of Union Pacific Corp. stock in a transaction dated Thursday, December 5. The shares were sold at an average price of $163.14, for a total value of...

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