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Daily Headlines
After 35-year hiatus, passenger rail returns to Norfolk, Va.
(Source: Washington Post, August 30, 2012) WASHINGTON, D.C. — Thirty-five years after the last train left the station in Norfolk, passenger rail service will return to Virginia’s second largest city in December, linking it to Washington and the rest of Amtrak’s...
Berkshire Hathaway evolving as importance of its railroad, other firms grows
(Source: Associated Press, August 31, 2012) OMAHA, Neb. — Warren Buffett’s birthday this week was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha’s leadership. But the milestone also reminded shareholders they need to...
Railroads bracing for increased pre-holiday shipments
(Source: Bloomberg News, August 31, 2012) NEW YORK — North American railroads from Warren Buffett’s Burlington Northern Santa Fe to CSX Corp. are bracing for limited increases in pre-holiday shipments as weak consumer sentiment exacerbates shrinking corn and coal...
Railroad stocks mixed at close of August 29 trading
(Source: Associated Press, August 29, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on August 29, including CP Rail, which fell 0.4 percent, and CSX, which rose 0.2 percent. Full story: CBS News
Amtrak rolls out ticket prices for new service out of Norfolk, Va.
(Full story: Virginian Pilot, August 30, 2012) NORFOLK, Va. — Seats on the first Amtrak trains out of the city in December will go on sale at 6 a.m. today, with non-holiday prices ranging from $38 for a one-way trip to Washington to $73 to Boston. Full story:...
Norfolk Southern’s intermodal terminal formally dedicated in Toledo
(Source: Toledo Blade, August 29, 2012) TOLEDO, Ohio — Public and railroad officials formally completed $12.4 million in improvements to Norfolk Southern’s Toledo Intermodal Terminal with a ribbon-cutting ceremony today at the University of Toledo’s nearby Scott Park...
CSX and Microsoft woo Republicans with baseball, trains
(Source: Bloomberg News, August 30, 2012) TAMPA, Fla. — With pitched baseballs and idled rail cars, companies such as Microsoft Corp., CSX Corp. and AT&T Inc. this week put their names, representatives and issues in front of the elected officials, senior aides and...
Senate Democrats call for rail safety review after derailments
(Source: The Hill, August 29, 2012) WASHINGTON, D.C. — A trio of Democratic lawmakers said Wednesday that the Government Accountability Office should review the safety of the national rail system after a string of recent accidents. Sens. Jay Rockefeller (D-W.Va.),...
Biden to appear at National Railroad Museum in Green Bay
(Source: Milwaukee Journal Sentinel, August 29, 2012) MILWAUKEE, Wisc. — As part of a road tour to the Democratic National Convention in Charlotte, N.C., Vice President Joe Biden will be coming to Green Bay on Sunday for a campaign stop at the National Railroad Museum...
Greed and debt: The true story of Mitt Romney and Bain Capital
(Source: Rolling Stone magazine, August 29, 2012) By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a...
