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Daily Headlines
NJ Transit board expected to vote on $1.9 billion for operating costs
(Source: NorthJersey.com, July 9, 2012) NJ Transit staff is seeking $1.9 billion to cover its operating costs, including salaries and benefits for roughly 11,000 employees at the Newark-based bus and rail agency, for the 2013 fiscal year that started this month. The...
CN’s rail plan stirs hope, concern in Canada’s iron belt
(Source: Reuters, July 9, 2012) TORONTO — Canada's biggest railroad wants to build a C$5 billion ($4.8 billion) rail line to ship iron ore from an isolated northern Quebec to port, a crucial link that could transform Canada into the world's third-largest producer of...
LaHood: California high-speed rail approval is ‘terrific news’
(Source: The Hill, July 9, 2012) WASHINGTON, D.C. — Transportation Secretary Ray LaHood sung the praises of California state lawmakers Monday for approving a controversial high-speed railway that has been pushed by the Obama administration. The California state Senate...
California, Virginia railway projects boost Obama transit push
(Source: The Hill, July 9, 2012) WASHINGTON, D.C. — Supporters of President Obama’s push to build more railways in the United States are hoping that a pair of high-profile approvals will help get the president’s beleaguered rail effort back on track. After a string of...
Railroad stocks mixed at close of July 6 trading
(Source: Associated Press, July 6, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on July 12, including Kansas City Southern, which fell 1.4 percent, and Norfolk Southern, which rose 0.4 percent. Full story: CBS News
Lawsuit accuses Union Pacific of negligence in bridge collapse, derailment
(Source: Chicago Tribune, July 6, 2012) CHICAGO — Union Pacific is accused of negligence in a lawsuit filed by the family of a Glenview couple who died when a freight train derailed and caused a bridge to collapse. The suit contends the railroad failed to properly...
Amtrak’s high-speed Northeast Corridor plan at $151 billion
(Source: Philadelphia Inquirer, July 9, 2012) PHILADELPHIA — Amtrak's updated plan for high-speed train travel on the East Coast envisions 37-minute trips between Philadelphia and New York, after a $151 billion redevelopment of the entire Northeast Corridor. Faster...
Teamsters applaud signing of Surface Transportation bill into law
(Source: International Brotherhood of Teamsters press release, July 6, 2012) WASHINGTON, D.C. — The following is the official statement of Teamsters General President James P. Hoffa on President Obama signing the Surface Transportation Reauthorization Bill into law...
California high-speed rail officials rebuffed proposal from French railway
(Source: Los Angeles Times, July 9, 2012) LOS ANGELES — As state officials accelerated their effort to design a high-speed rail system in 2010, they were approached by the renowned French national railway with a suggestion: The project could use the help of an...
Vote on high-speed rail called ‘big win’ for California
(Source: Los Angeles Times, July 7, 2012) LOS ANGELES — The state Senate vote authorizing initial funding for California's high-speed rail project was hailed by backers Friday as a pivotal step in building the controversial project. U.S. Transportation Secretary Ray...
