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Daily Headlines
LaHood: High-speed rail ‘not a pipe dream’
(Source: The Hill, July 12, 2012) WASHINGTON, D.C. — Transportation Secretary Ray LaHood said Thursday that President Obama's proposals to more build high-speed railways in the United States is "not a pipe dream." LaHood has been attending the eighth annual World...
‘Higher-speed’ trains to precede true high-speed rail in U.S.
(Source: Philadelphia Inquirer, July 13, 2012) PHILADELPHIA — Can you have a European- or Japanese-style high-speed rail experience, even if the train is creeping along at less than 150 miles an hour? Yes, say international manufacturers who are touting the prospects...
Why high-speed rail could spur a Golden Age in the Northeast
(Source: The Atlantic, July 13, 2012) NEW YORK — From New York's Pennsylvania Station, you can catch a northbound subway train toward the Bronx. Thirty-nine minutes later, it will pull into Pelham Pkwy, a dozen miles away. But imagine, instead, that you could hop...
Fire is out, Norfolk Southern begins cleanup as NTSB probes for cause
(Source: Columbus Dispatch, July 12, 2012) COLUMBUS, Ohio — Federal investigators seeking the cause of a North Side train derailment are taking a close look at the tracks, after early scrutiny of the crew’s actions and the train itself revealed no glaring problems....
Railroad stocks mixed at close of July 11 trading
(Source: Associated Press, July 11, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading, including CN, which rose 1.3 percent, and Kansas City Southern, which fell 1.1 percent. Full story: CBS News
CSX Corporation declares quarterly dividend
(Source: CSX press release, July 11, 2012) JACKSONVILLE, Fla. — On July 11, the Board of Directors of CSX Corporation approved a $0.14 per share quarterly cash dividend on the company's common stock. The dividend is payable on September 14, 2012, to shareholders of...
On-board camera captured Union Pacific derailment that killed Chicago-area couple
(Source: Chicago Sun-Times, July 11, 2012) CHICAGO — A video camera on the Union Pacific freight train that derailed on July 4 in Northbrook captured the train’s crash atop a bridge that then collapsed and killed a Glenview couple in a car beneath it, officials said....
Transportation secretary Ray LaHood: High-speed rail ‘long overdue’
(Source: Philadelphia Inquirer, July 12, 2012) PHILADELPHIA — Comparing bullet trains to grand American achievements of the past, President Obama's transportation chief Ray LaHood said benefits of a high-speed rail network would far outweigh the multibillion-dollar...
NTSB seeking answers following NS derailment, explosion in Columbus
(Source: Associated Press, July 12, 2012) COLUMBUS, Ohio — Exploding freight cars full of ethanol made for a dramatic early morning scene in Ohio's capital on Wednesday, but officials said the train derailment that led to a hurried evacuation of an urban neighborhood...
Amtrak plans 37-minute train from New York to Philadelphia by 2040
(Source: Reuters, July 9, 2012) PHILADELPHIA — Amtrak announced a $151 billion improvement plan on Monday that includes 37-minute trips from New York to Philadelphia at speeds approaching 220 miles per hour. Full story: Reuters.com
