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Daily Headlines
STB approves Michigan rail line assets transfer, enabling high-speed rail service
(Source: Surface Transportation Board press release, May 8, 2012) WASHINGTON, D.C. — The Surface Transportation Board announced today that the Michigan Department of Transportation (MDOT) does not need Board approval to acquire certain physical assets of a Norfolk...
Amtrak’s “basic training” for veterans
(Source: Mineola Monitor, May 9, 2012) MINEOLA, Texas — An East Texas transportation committee is attempting to make life easier for veterans traveling to the VA Hospital in Dallas. The project could lead the way to helping the general public make use of rail travel...
Fastest auto sales since 2008 help boost to UP, NS
(Source: Bloomberg News, May 9, 2012) NEW YORK — Union Pacific Corp. and Norfolk Southern Corp. are piggybacking off a resurgence in U.S. auto sales that’s generating the most business for railroads in four years. Full story: Bloomberg News
BNSF boosts profit 16 percent on mild volume gain
(Source: Journal of Commerce, May 8, 2012) WASHINGTON, D.C. — The Journal of Commerce is reporting that BNSF Railway boosted its first quarter 2012 profit nearly 16 percent year-over-year to $701 million, as higher pricing and a 3 percent volume rise pushed revenue up...
Ackman CEO win seen without full CP Rail slate
(Source: Bloomberg News, May 8, 2012) NEW YORK — William Ackman’s push to oust the chief executive officer of Canadian Pacific Railway Ltd. (CP) may succeed even if some of the hedge-fund manager’s board nominees lose in a proxy vote. Source: Bloomberg News
High-speed rail cited as critical issue to downtown Springfield, Ill.
(Source: State Journal-Register, May 8, 2012) SPRINGFIELD, Ill. — Increased traffic from high-speed passenger and freight trains is the big unknown for the future of downtown Springfield, local officials told a team of urban-design specialists from across the country...
Railroad stocks mixed at close of May 7 trading
(Source: Associated press, May 7, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 7 including CSX, which fell 0.7 percent, and Norfolk Southern, which rose 0.5 percent. Full story: CBS News
Metrolink chief executive will leave to take Florida job
(Source: Los Angeles Times, May 8, 2012) LOS ANGELES — Metrolink Chief Executive John Fenton, who worked to improve the service and safety of the struggling commuter line following the deadly Chatsworth crash, announced his resignation Monday to head a Florida-based...
Insiders pessimistic about House, Senate highway bill talks
(Source: The Hill, May 7, 2012) WASHINGTON, D.C. — The committee of lawmakers appointed to negotiate a new federal highway bill will meet for the first time Tuesday, beginning their talks amid low expectations for a deal in a charged election-year environment. Many...
Bomb threat halts Amtrak train in Harwood
(Source: Gonzales Inquirer, May 4, 2012) GONZALEZ, Texas — According to a report from the Gonzales County Sheriff’s Office, at 1:50 a.m. Friday, May 4, the sheriff’s department received a 911 call from a cell phone saying there was a bomb on an Amtrak train near...
