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Daily Headlines
UP to replace 115,000 substandard concrete ties along Amtrak line
(Source: State Journal-Register, May 25, 2012) SPRINGFIELD, Ill. — About 115,000 concrete ties installed in the last two seasons of high-speed rail construction must be replaced after failing to meet standards for long-term durability, officials of the state and Union...
AAR: Railroads report intermodal volume up 3.1 percent for week ending May 19, 2012
(Source: Association of American Railroads press release, May 24, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending May 19, 2012, with U.S. railroads originating 280,565 carloads, down 5...
Typical CEO in U.S. made $9.6 million last year
(Source: Associated Press, May 25, 2012) NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6-million in 2011, according to an analysis by The Associated Press using data from...
CP Rail customers looking for alternatives
(Source: Canadian Press, May 24, 2012) CALGARY — Companies that rely on Canadian Pacific Railway to move their products across the country were looking at their alternatives on Day 2 of a walkout by 4,800 employees. Full story: Toronto Star
Teamsters strike at Canadian Pacific leaves containers piled at port
(Source: Bloomberg News, May 24, 2012) NEW YORK — A Teamsters strike that shut down Canadian Pacific Railway Ltd. freight lines in the country has left incoming container shipments piling up at the Port of Montreal, where the railroad handles more than half of all...
TCRC: Talks at CP Rail are stalled as company negotiated in bad faith; Back to work legislation likely
(Source: TCRC press release, May 27, 2012) OTTAWA, Ontario — The Federal Mediation and Conciliation Service is no longer involved in the negotiations process between Canadian Pacific (CP) and the Teamsters Canada Rail Conference (TCRC) since 1400 Eastern Time. There...
Rail stocks mixed at close of May 23 trading
(Source: Associated Press, May 23, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 23, including Norfolk Southern, which rose 1.2 percent, and CP Rail, which fell 0.1 percent. Full story: CBS News
BNSF plans track improvement projects in South Dakota, Texas
(Source: BNSF Railway press releases, May 23, 2012) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $30 million on maintenance and rail capacity improvement projects in South Dakota this year. BNSF's 2012 capacity enhancement projects in...
Opinion: High-speed rail’s many benefits
(Source: Politio opinion column by Thomas Hart Jr., May 23, 2012) The U.S. needs modern public transportation not dependent on oil or traffic patterns. Most developed nations now have high-speed rail, sleek trains that reach more than 200 mph. Here, this option would...
U.S. Class I workforce expanded in April, STB says
(Source: Progressive Railroading, May 23, 2012) The U.S. Class I workforce expanded slightly in April, growing for the second straight month. As of mid-April, the large roads employed 161,876 people, a 0.8 percent increase compared with March’s level and 3.3 percent...
