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Daily Headlines
California approves high-speed rail project after years of debate
(Source: San Jose Mercury News, July 7, 2012) SAN JOSE, Calif. — Capping a dramatic showdown over the most expensive project in state history, California legislators Friday gave final approval to high-speed rail, firing the nation's first bullet train toward the...
Historic locomotives on display in downtown Roanoke
(Source: Roanoke Times, July 6, 2012) ROANOKE, Va. — Saturday will be diesel locomotive day in downtown Roanoke at the Virginia Museum of Transportation. The museum, working with Norfolk Southern Corp., the Roanoke Chapter of the National Railway Historical Society...
CN to report 2Q 2012 earnings on July 25
(Source: CN press release, July 5, 2012) MONTREAL — CN will issue its second-quarter 2012 financial and operating results on July 25, 2012, at 8 a.m. Eastern Daylight Time (EDT). CN's senior officers will review the results and the railway's outlook at 8.30 a.m. EDT...
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:...
