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Daily Headlines
Report urges delay in California bullet-train funding decisions
(Source: Los Angeles Times, April 18, 2012) LOS ANGELES — The plan to build a bullet train has so many funding uncertainties and so many other details that remain unclear that the state should delay any decision this year to commit billions of dollars to the project,...
NTSB to hold Board meeting on 2011 BNSF rear-end accident
(Source: National Transportation Safety Board press release, April 17, 2012) WASHINGTON - The National Transportation Safety Board (NTSB) will hold a Board meeting on April 24, 2012, to determine the probable cause of the 2010 collision of the passenger ferry the...
Amtrak security program recognized as ‘Gold Standard’ by TSA
(Source: Amtrak press release (PDF), April 17, 2012) WASHINGTON, D.C. — Amtrak is being recognized by the Transportation Security Administration (TSA) today for earning the federal agency’s highest rating of Gold Standard on the railroad’s most recent Baseline...
CSX gets first quarter 2012 boost from higher rates
(Source: Associated Press, April 17, 2012) JACKSONVILLE, Fla. -- Higher rates helped freight railroad CSX Corp. boost profits by 14 percent despite a drop in coal shipments. CSX said Tuesday that it earned $449 million, or 43 cents per share, in the first quarter, up...
Higher merchandise, intermodal help CSX top Wall Street expectations
(Source: Reuters, April 17, 2012) NEW YORK — CSX Corp reported higher first quarter earnings that beat Wall Street forecasts, as increased merchandise and intermodal shipments more than offset weakness in the coal segment and expenses declined. Full story: Reuters
Canadian Pacific comments on Pershing Square letter to shareholders
(Source: Canadian Pacific Railway press release, April 16, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today issued the following statement in response to Pershing Square's letter to shareholders: "As evidenced by the Company's last three consecutive...
Commuter lines increase number of quiet cars
(Source: USA Today, April 16, 2012) NEW YORK — Riders on New York's Long Island Railroad and Metro-North will have an easier time finding a quiet car now that the busiest commuter rail lines in North America increased the number of quiet spaces this month. Full story:...
CSX profit growth seen slowing as coal demand falls
(Investor's Business Daily, April 16, 2012) NEW YORK — Analysts are expecting CSX Corp. (CSX) to report increases in profit and revenue, as the company leads the way for railroads reporting first-quarter results after the market closes on April 17. Full story:...
Norfolk Southern to expand key yard facility in Bellevue, Ohio
(Source: Norfolk Southern press release, April 16, 2012) BELLEVUE, Ohio — Norfolk Southern this month will begin a $160 million project to expand its Bellevue rail yard in Northern Ohio, a project that will double the yard’s capacity in order to meet rising demand for...
Public transit ridership rises nationwide, thanks to young commuters and high gas prices
(Source: Philadelphia Inquirer, April 17, 2012) PHILADELPHIA — High gas prices and the changing habits of young people are driving a influence budget battles in Washington and state capitals. Nationwide last year, buses, subways, and trains had their second-highest...
