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Daily Headlines
Genesee & Wyoming completes acquisition of RailAmerica
(Source: Genesee & Wyoming press release, October 1, 2012) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) announced today that it has completed the acquisition of RailAmerica, Inc. (RailAmerica) and entered into a new five-year Senior Secured Credit Facility...
Railroad stocks mixed at close of September 28 trading
(Source: Associated Press, September 28, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on September 28, including Kansas City Southern, which fell 1.5 percent, and Union Pacific, which rose 0.2 percent. Full story: CBS...
NS: rail-delivered sand will move faster through upgraded terminal
(Source: Norfolk Southern press release, September 28, 2012) NORFOLK, Va. — Trains hauling sand used in extracting natural gas from the Marcellus Shale formation soon will have the ability to unload five times faster thanks to a $20 million upgrade at the Horseheads...
Schumer calls on N.Y developer to plan now for Amtrak tunnels
(Source: Reuters, September 28, 2012) NEW YORK — A long-stalled plan to unblock a major transport bottleneck into New York City "may end up in the grave yard" unless space is reserved now for new train tunnels under the Hudson River, Senator Charles Schumer said...
Jury awards CSX engineer $1.37 million in locomotive seat case
(Source: Evansville Courier & Press, September 29, 2012) EVANSVILLE, Ind. — A damage award of more than $1 million in a recent Vanderburgh County civil trial illustrates what some say is a significant industrywide safety issue for railroad employees. A Vanderburgh...
Hoffa addresses historic gathering of school bus workers
(Source: International Brotherhood of Teamsters press release, September 29, 2012) CHICAGO — Teamsters General President Jim Hoffa addressed an historic gathering of hundreds of Teamster local unions and school bus members today in Chicago at the 2012 Teamsters School...
Railroad stocks mixed at close of September 27 trading
(Source: Associated Press, September 27, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on September 27, including CSX, which rose 0.5 percent, and Norfolk Southern, which fell 0.6 percent. Full story: CBS News
PSU, Norfolk Southern receive federal grant for emissions-free locomotive
(Source: Altoona Mirror, September 28, 2012) ALTOONA, Pa. — Penn State University and Norfolk Southern Railroad have received a $400,000 Federal Railroad Administration Research and Development Grant to continue their work in building an emissions-free locomotive....
BNSF: New report shows benefits of rail yard near Long Beach
(Source: Contra Costa Times, September 27, 2012) LONG BEACH, Calif — Developers of a controversial $500 million rail yard project on Long Beach's western border say an updated environmental study released Thursday affirms the proposed project's environmental and...
AAR: Intermodal volume up again for week ending September 22
(Source: Association of American Railroads press release, September 27, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending September 22, 2012, with U.S. railroads originating 292,644...
