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Daily Headlines
Earnings preview: CSX Corporation
(Source: Forbes, July 16, 2012) NEW YORK — CSX Corporation is going to release its quarterly results for Q2, 2012 on July 18th, and we expect to see the results of a decline in coal freight volumes during the quarter. Full story: Forbes.com
Earnings preview: Union Pacific Railroad
(Source: Forbes, July 16, 2012) NEW YORK — In the month leading up to the Union Pacific‘s (UNP) second quarter earnings announcement slated for Thursday, July 19, 2012, expectations have risen for the upcoming results. The consensus analyst estimate has gone from...
Investment in high-speed rail in the U.S. results in the net benefits of $26.4 billion, according to new report
(Source: American Public Transportation Association (APTA) press release, July 17, 2012) WASHINGTON, D.C. — While critics of implementing a high-speed rail program in America say the U.S. cannot afford to build it, new information released today shows that the net...
Norfolk Southern opens Crescent Corridor terminal in Tennessee
(Source: Progressive Railroading, July 16, 2012) On July 1, Norfolk Southern Railway opened the Memphis Regional Intermodal Facility in Rossville, Tenn. — the first new intermodal terminal to become operational along its planned Crescent Corridor. Full story:...
Rail worker saw “something he thought wasn’t right” before fatal UP derailment in Chicago
(Source: Chicago Tribune, July 17, 2012) CHICAGO — The morning of a fatal train derailment July 4, a Union Pacific employee responsible for maintenance on the railroad’s signal system called a track inspector to check out something that didn’t look right on the...
Romney invested millions in Chinese firm that profited on U.S. outsourcing
(Source: Mother Jones, July 11, 2012) According to government documents reviewed by Mother Jones, Mitt Romney, when he was in charge of Bain Capital, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits — and that...
North Shore pizza train, freight train found themselves on same track
(Source: Duluth News Tribune, July 15, 2012) DULUTH, Minn. — The North Shore Scenic Railroad Pizza Train had to make an unscheduled stop Thursday evening when it encountered a BNSF freight train headed — slowly — toward it on the same track. Full story: Duluth News...
Nickel Plate stem locomotive to make special runs for Norfolk Southern
(Source: Toledo Blade, July 16, 2012) TOLEDO, Ohio — A preserved steam locomotive built 68 years ago in Lima, Ohio, is to return to its former home rails this week to kick off a series of special train trips that Norfolk Southern railroad will operate for employees as...
At 150, Union Pacific’s future as wide open as its past
(Source: Salt Lake Tribune, July 14, 2012) SALT LAKE CITY, Utah — It’s a toss-up. To measure the meaning of Union Pacific on its 150th birthday, you can look backward at its history or forward at the prospects for its future. Either way, UP at its sesquicentennial is...
Railroad stocks up at close of July 13, trading
(Source: Associated Press, July 13, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on July 13, including CSX, which rose 2.4 percent, and Union Pacific, which rose 1.6 percent. Full story: CBS News
