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Daily Headlines
Railroad stocks mixed at close of October 19 trading
(Source: Associated Press, October 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 19, including CSX, which fell 1.2 percent, and Kansas City Southern, which rose 1.4 percent. Full story: CBS News
Atlas Air/Polar Air Cargo Teamsters reach tentative agreement
(Source: International Brotherhood of Teamsters press release, October 19, 2012) NEW YORK — Negotiators for the flight dispatchers of Atlas Air and Polar Air Cargo, represented by the Airline Division of the International Brotherhood of Teamsters, announced this...
Teamsters applaud signing of Military Commercial Driver’s License Act
(Source: International Brotherhood of Teamsters press release, October 19, 2012) WASHINGTON, D.C. — Teamsters across the country are applauding President Barack Obama’s signing into law today of the Military Commercial Driver’s License Act of 2012. The demand for...
Amtrak board chief makes Toledo stop for speech at forum
(Source: Toledo Blade, October 22, 2012) TOLEDO, Ohio — The chairman of Amtrak’s Board of Directors will be the featured speaker at a passenger-rail forum scheduled today at the Toledo Club. Thomas Carper, appointed to the Amtrak board in 2008 by President George W....
Illinois Amtrak train hits 110 mph in test run
(Source: Associated Press, October 19, 2012) CHICAGO — In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph on Friday. Full story: CBS...
Amtrak train from Chicago derails in Michigan, no life-threatening injuries reported
(Source: Chicago Sun-Times, October 21, 2012) CHICAGO — An Amtrak train headed from Chicago to Pontiac, Mich., with 178 people onboard derailed Sunday morning two miles east of Niles, Mich. No life-threatening injuries were reported, according to Amtrak. Full story:...
Union Pacific taps shale oil to offset coal
(Source: MarketWatch, October 22, 2012) SAN FRANCISCO — Hauling coal to the nation’s power plants for the nation’s railroads. So when volumes tumble in the face of an oversupplied market, what takes its place? Apparently shale or, more specifically, what can be...
Stimulus funds provided impetus to get BNSF bridge project completed
(Source: The Hawk Eye, October 19, 2012) BURLINGTON, Iowa — Behind the gray clouds and spitting rain, there was a silver lining shining down Thursday morning on the Port of Burlington. Or maybe, a weathered-steel lining. A couple hundred BNSF workers and community...
KCS reports dip in quarterly profits but higher revenue
(Source: Kansas City Star, October 19, 2012) KANSAS CITY, Mo. — Kansas City Southern, on Friday reported quarterly earnings that trailed analysts’ estimates as revenue from coal and grain shipments declined. The Kansas City-based company reported net income of $90...
Supply and demand: Coal prices vs. natural gas prices
(Source: Seeking Alpha, October 16, 2012) Natural gas prices have started to move upwards in recent weeks. The trend is expected to continue, and as natural gas prices increase, it will lose its competitive edge against coal. When the natural gas price fell below $3,...
