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Daily Headlines
Railroad stocks hurt by coal, but still chugging along
(Source: Forbes, May 7, 2012) NEW YORK — Some think the country’s biggest railroads will become victims of the natural gas industry’s success, as power plants replace coal as their fuel of choice, but they’re still chugging along. Full story: www.forbes.com
Chicago train congestion slows whole country
(Source: New York Times, May 8, 2012) CHICAGO — When it comes to rail traffic, Chicago is America’s speed bump. With freight volume in the United States expected to grow by more than 80 percent in the next 20 years, delays are projected to only get worse. Now,...
More dire reports show the American labor force is in huge trouble
(Source: Economic Populist, May 7, 2012) U.S. Corporations made record profits in 2011 while regular people went without jobs. A new study from the International Labor Organization shows Corporate Profits are doing fine and back to pre-recession levels. Yet this is at...
Hundreds of communities across the country host National Train Day events on May 12
(Source: Amtrak press release (PDF), May 3, 2012) WASHINGTON, D.C. — Hundreds of grassroots events are being held in communities across the nation on Saturday, May 12, 2012, for the 5th Annual National Train Day, a celebration of trains and the different ways trains...
Exhibit to mark Amtrak’s 40th anniversary
(Source: Toledo Blade, May 4, 2012) TOLEDO, Ohio — In 1971, the newly created Amtrak was generally viewed from one of two angles: the salvation of passenger trains in the United States, or an orderly funeral to phase them out. Forty-one years later, "America's...
Amtrak enlists iPhones as a service tool
(Source: New York Times, May 6, 2012) NEW YORK — Old-school train conductors are finally ready to give up their hole punchers to try something new: the iPhone. Full story: New York Times
Norfolk Southern’s ‘Heritage Fleet’ celebrates historic railroads
(Source: Toledo Blade, May 5, 2012) TOLEDO, Ohio — To celebrate the 30th anniversary of the merger that created it, Norfolk Southern is decorating 20 new locomotives in the paint schemes of historic railroads whose lines contributed significantly to the company’s...
Michigan, Illinois, Indiana give $600,000 for high-speed rail study
(Source: Associated Press, May 6, 2012) KALAMAZOO, Mich. — U.S. Transportation Secretary Ray LaHood says Michigan, Illinois and Indiana are contributing $200,000 each to a $4 million study to creating a high-speed rail corridor between Chicago and Detroit. Full story:...
KCS elects three directors, announces dividends at annual meeting of stockholders
(Source: Kansas City Southern press release, May 4, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 3, 2012 in Kansas City, Missouri. With over 92% of KCS’ outstanding common and preferred stock represented in person...
LaHood makes another pitch for ‘Buy America’
(Source: Progressive Railroading, May 4, 2012) Last week, U.S. Transportation Secretary Ray LaHood used the occasion of the Next Generation Rail Supply Chain Forum held in Kansas City, Mo., to again call on U.S. manufacturers to submit bids to build the first...
