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Daily Headlines
Railroad stocks mixed at close of July 5 trading
(Source: Associated Press, July 5, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on July 5, including Kansas City Southern, which rose 2.4 percent, and Union Pacific, which fell 0.6 percent. Full story: CBS News
Canadian Pacific board member Tony Ingram resigns
(Source: Reuters, July 6, 2012) TORONTO — Canadian Pacific Railway board member Tony Ingram resigned on Friday, seven weeks after a bitter proxy battle led to the resignations of the top executives at Canada's second-largest railroad company. Full story: Reuters.com
Union Pacific’s PRB coal train loadings lagged in June
(Source: Progressive Railroading, July 5, 2012) Last month, Union Pacific Railroad loaded 820 coal trains in the Southern Powder River Basin compared with 982 trains in June 2011. Full story: Progressive Railroading
CN to construct five long sidings in 2012 on B.C. North Line to handle rising traffic in Edmonton-Prince Rupert corridor
(Source: CN press release, July 5, 2012) EDMONTON — CN announced today that it plans to construct five extended sidings on its B.C. North Line in 2012 as part of a multi-year capital program to expand freight train capacity to handle growing freight volumes along its...
Car carrying two bodies found under debris from derailed coal train on bridge
(Source: Chicago Tribune, July 6, 2012) CHICAGO — Seventeen hours after salvage crews started to dig through tons of spilled Wyoming coal, derailed freight hoppers and twisted ruins of a collapsed railroad bridge, authorities on Thursday discovered an automobile...
Rail shipping sees revival as oil prices rise
(Source: Associated Press, July 5, 2012) NEW YORK — A railroad company is renovating rusty, overgrown tracks to get at millions of tons of waste rock at an abandoned iron and titanium mine near the source of New York's Hudson River and the highest peaks of the...
Class I railroads appeal class certification in price-fixing lawsuit
(Source: Bloomberg News, July 5, 2012) NEW YORK — Four U.S. railroad companies appealed a ruling that turned a price-fixing lawsuit against them into a class action of as many as 30,000 shippers, arguing it could unfairly push them into settlements. Full story:...
AAR: Railroads report intermodal volume up 5.2 percent over June 2011
(Source: Association of American Railroads press release, July 5, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail carloads originated in June 2012 totaled 1,140,271, down 1.3 percent compared with June 2011. Intermodal...
Fate of California high-speed rail rests with state Senate
(Source: San Francisco Chronicle, July 5, 2012) SACRAMENTO, Calif. — Four years after California voters approved $9.9 billion in bonds to build the nation's first high-speed rail system, the fate of the bullet train now rests with state lawmakers. State senators will...
BNSF dredging wraps up in Whitefish
(Source: The Daily Inter Lake, July 4, 2012) WHITEFISH, Mont. — A dredging project in Whitefish Lake to remove petroleum-laden sediment left by a 1989 train derailment has been completed ahead of schedule. The U.S. Environmental Protection Agency said contractors for...
