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Daily Headlines
Video: Hoffa talks Romney, China on MSNBC’s The Ed Show
(Source: International Brotherhood of Teamsters, October 19, 2012) Teamsters General President Jim Hoffa joins Ed Schultz to discuss Gov. Romney and President Obama's records on China and how we have to adjust our trade policies to help rebuild America. Watch the...
Norfolk Southern, Union Pacific were revenue adequate for 2011, STB says
(Source: Progressive Railroading, October 17, 2012) In a decision that took effect yesterday, the Surface Transportation Board (STB) determined that Norfolk Southern Railway and Union Pacific Railroad were the only Class Is that were revenue adequate for 2011. The...
Video: Watch Mitt Romney’s anti union rant
(Source: YouTube, October 4, 2012) In a video of Mitt Romney speaking at the Associated Builders & Contractors annual business convention, the Republican Presidential candidate promises to take down unions on Day 1 if he wins the November election. Watch the video:...
Railroad stocks mixed at close of October 17 trading
(Source: Associated Press, October 17, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 17, including CSX, which fell 2.0 percent, and Union Pacific, which rose 0.3 percent. Full story: CBS News
Norfolk Southern opens new Birmingham Regional Intermodal Facility in McCalla, Ala.
(Source: Norfolk Southern press release, October 17, 2012) McCALLA, Ala. — Norfolk Southern CEO Wick Moorman and Alabama Gov. Robert Bentley joined federal, state, and local officials and business leaders today for the opening of the Birmingham Regional Intermodal...
Feds advance Amtrak control of Empire Corridor
(Source: Albany Times Union, October 18, 2012) Federal regulators have cleared the way for Amtrak to take control of nearly 95 miles of the Empire Corridor, leasing it from CSX Transportation and giving the passenger railroad control of everything from train schedules...
CSX CEO fears ‘fiscal cliff’ slowing growth
(Source: MarketWatch, October 16, 2012) JACKSONVILLE, Fla. — CSX Corp. Chief Executive Michael Ward said Wednesday that the looming "fiscal cliff" of steep government spending cuts and tax increases could derail what he otherwise anticipates will be a continued...
CSX sees soft utility coal demand continuing into 2013
(Source: Reuters, October 17, 2012) NEW YORK — U.S. railroad CSX Corp., which serves the U.S. East Coast, said it expected continued soft demand for coal among utilities, a key market for the company, but shipments should begin to flatten next year as electricity...
BNSF CEO says oil-by-rail shipments continue to help Bakken development
(Source: Independent Record, October 16, 2012) BILLINGS, Mont. — Burlington Northern Santa Fe Railroad will continue shipping millions of barrels of crude oil from the prolific Bakken oil play even if the proposed Keystone XL pipeline is built, BNSF’s chief executive...
Video: Is Union Pacific a tech company on wheels?
(Source: CNN, October 18, 2012) NEW YORK — In a video at CNN.com, Union Pacific CEO John Koraleski talks about the tech his company uses to coordinate 8,000 locomotives pulling 140,000 rail cars. Full video: www.cnn.com
