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Daily Headlines
Dallas area whiffs in latest round of federal road and rail grants
(Source: Dallas Morning News, October 6, 2013) DALLAS — North Texas has missed out on a group of federal transportation grants, causing planners to re-evaluate financing and design on several local projects. Full story: Dallas Morning News
BNSF plans capital improvements in California to expand rail capacity
(Source: BNSF Railway press release, October 7, 2013) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $100 million on maintenance and rail capacity expansion projects in California this year. BNSF's 2013 capacity enhancement projects in...
CP Rail vs. CN: Which is the better investment?
(Source: Globe and Mail, October 7, 2013) TORONTO — Canadian Pacific Railway Ltd.’s turnaround may be on track with its high-profile executive in the driver’s seat, but some investors prefer rival Canadian National Railway Co. instead. CN has more solid growth...
Canadian National seen on growth fast track
(Source: Investor's Business Daily, October 7, 2013) NEW YORK — Citing expectations for annual revenue growth of about 6.5% and double-digit profit growth over the next two years, stock market analysts have upgraded Canadian National to outperform. Full story:...
MMA Railway sale could be completed in December
(Source: Canadian Press, October 7, 2013) MONTREAL — A sale of the insolvent railway involved in last July's deadly explosion in Lac-Megantic, Que., could happen as early as mid-December once a formal process to award compensation to victims and other claimants can be...
Amtrak making plans for Philadelphia’s 30th Street Station
(Source: Philadelphia Inquirer, October 8, 2013) PHILADELPHIA, Pa. — Amtrak is seeking redevelopment plans for 30th Street Station and the surrounding area, including the potentially lucrative air rights above the rail yards adjacent to the station. After several...
Metro-North returns to regular service
(Source: Associated Press, October 7, 2013) HARTFORD, Conn. — Rail commuters headed from Connecticut to New York City on Monday morning were greeted by a full complement of trains for the first time in nearly two weeks. On Sept. 25, a failed electrical circuit cut...
Amtrak won’t say when Federal shutdown may force it to close
(Source: Slate Magazine, October 8, 2013) NEW YORK — Amtrak relies on significant subsidies from the Department of Transportation for its survival. So how long can it keep running with the federal government shut down? They won't quite say. Full story: Slate...
Shutdown shines spotlight on rift in Republican Party
(Source: Washington Post, October 7, 2013) WASHINGTON, D.C. — One week into the first federal government shutdown since 1996, the Republican Party remains hostage to an unrealistic strategy aimed at an unattainable goal — defunding the nation’s health-care law — that...
Faint hope emerges to end standoff over government shutdown
(Source: Chicago Tribune, October 8, 2013) WASHINGTON, D.C. — A few faint glimmers of hope have surfaced in the standoff over the government shutdown, both in Congress and at the White House, with President Obama saying he would accept a short-term increase in the...
