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Daily Headlines
Brawl over California high-speed rail hits U.S. House
(Source: Politico, December 5, 2012) WASHINGTON, D.C. — At issue is a House provision adopted in late June on a highly partisan vote triggered by the California Republican delegation. It would bar any new federal money from going to the California High-Speed Rail...
Shares of CP Rail climb on high hopes for efficiency plan
(Source: Reuters Canada, December 5, 2012) TORONTO — Shares of Canadian Pacific Railway touched an all-time high on Wednesday as the railroad detailed a turnaround plan that includes sweeping job cuts which could save about C$500 million ($503 million) over the next...
Teamsters Canada Rail Conference questions CP Rail job cut plans
(Source: CBC News, December 5, 2012) TORONTO — Doug Finnson, vice-president of the Teamsters Canada Rail Conference, said he’s surprised at how many jobs are expected to be lost. Full story: www.cbc.ca
Michigan protests grow as Dems, unions worry GOP plans right-to-work bill
(Source: Lansing State Journal, December 5, 2012) LANSING, Mich. — Expectations are high that a right-to-work bill could be introduced in the state Capitol Thursday after more than a week of lawmakers and interest groups battling over the issue that has stirred huge...
Wall Street bank cuts 11,000 jobs after paying two ousted executives nearly $14 million
(Source: Think Progress, December 5, 2012) Citigroup announced on Wednesday that it will cut 11,000 jobs, or 4 percent of its workforce, in an effort to trim expenses. The moves comes one month after Citigroup paid out nearly $14 million to two former executives who...
The recession’s toll: How middle class wealth collapsed to a 40-year low
(Source: The Atlantic, December 4, 2012) I'm about to share a statistic that you should remember every time you think about the Great Recession, and why the recovery has been so painstaking. It's going to illustrate precisely how devastating the downturn was for your...
Investigators await interview with truck driver in fatal Veterans parade train crash
(Source: Reuters, December 5, 2012) SAN ANGELO, Texas — The National Transportation Safety Board said on Wednesday it had yet to interview the driver of a truck carrying U.S. military veterans that was struck by a train in a fatal accident in Texas, and added it may...
U.S. Rep. calls for tighter rail industry regulations after Paulsboro derailment, hazmat release
(Source: Associated Press, December 6, 2012) PAULSBORO, N.J. — Federal regulations require inspections of rail bridges and other freight train-line infrastructure and reports on accidents, but leave it to rail line owners to do it themselves. After a derailment that...
Union Pacific double track work hits northwest Tucson
(Source: Explorer News, December 4, 2012) TUCSON, Ariz. — Union Pacific Railroad's double track effort through Arizona from Los Angeles to El Paso has made an appearance in Northwest Tucson, with two major road crossings closed for several days each while UP crews...
Muncie’s mayor says he’s going to fight CSX plan to double train speeds through city
(Source: Associated Press, December 4, 2012) MUNCIE, Ind. — A railroad's plans to double the speed of freight trains going through a central Indiana city to 60 mph is facing opposition from the city's mayor. Full story: The Republic
