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Daily Headlines
Operation Lifesaver cites safety gains, continued need for education on Crossing Awareness Day
(Source: Operation Lifesaver press release, June 6, 2012) WASHINGTON, D.C. — In a video message marking the June 7 observance of International Level Crossing Awareness Day (ILCAD, http://bit.ly/mESlkU), Helen M. Sramek, president, Operation Lifesaver, Inc. (OLI,...
Via Rail cuts on the horizon, union warns
(Source: Guelph Mercury, June 7, 2012) TORONTO — Rail workers in Canada are bracing for an announcement from the federal government of service reductions at Via Rail, which have been widely rumored since the government cut $20 million from the passenger railroad's...
Opinion: Will coup at CP Rail lead to its sale to a U.S. railroad?
(Source: Financial Post opinion column, June 5, 2012) OTTAWA, Ontario — So what will happen if Hunter Harrison cannot get the operating ratio dramatically down and the stock price up? A reasonable expectation would be that Pershing will opt to sell to a U.S. railway...
House GOP mixes some increases with spending cuts; Amtrak would see funding boost
(Source: Associated Press, June 6, 2012) WASHINGTON, D.C. — Conservative House Republicans are again going after President Barack Obama's budget to regulate Wall Street, build rural water projects and send food aid overseas as the latest in a series of spending bills...
GM producing 70% of autos outside US
(Source: Trade Reform, June 6, 2012) Dan Akerson, CEO of GM, says that seven out of 10 GM automobiles are built outside the U.S. They have 11 joint ventures with Chinese government controlled auto manufacturers. They are moving R&D to China. When the federal...
The dark money behind the Wisconsin Recall
(Source: Mother Jones, June 5, 2012) Mother Jones provides some startling stats about the election to decide the future of Wisconsin Gov. Scott Walker. According to Mother Jones, 66 percent of the money raised by Scott Walker came from out-of-state donors. Walker...
Opinion: Wisconsin a wake-up call for Dems, labor, and the left
(Source: Washington Post opinion column, June 5, 2012) WASHINGTON, D.C. — Scott Walker’s victory in tonight’s recall battle is a major wake-up call for the left, Democrats, and unions about the true nature of the new, post-Citizens United political landscape, and it...
Norfolk Southern rings Wall Street’s closing bell to commemorate 30 years
(Source: Norfolk Southern press release, June 5, 2012) NEW YORK, N.Y. - Norfolk Southern rang The Closing Bell on the New York Stock Exchange today in recognition of the 30th anniversary of the listing of the corporation's securities. Accompanied by NS employees and...
Video: Union Pacific, Durrant family trace history to 1860s (and counting)
(Source: Progressive Railroading, June 6, 2012) Union Pacific Railroad General Director of Positive Train Control Ricky Durrant identifies the six generations' worth of his family members who have served the Class I since the 1860s. Collectively, the Durrant family...
Rail stocks mixed at close of June 5 trading
(Source: Associated Press, June 5, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on June 5, including CSX, which fell 0.1 percent, and CN, which rose 0.5 percent. Source: CBS News
