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Daily Headlines
Hoffa supports “Buffett Rule” tax rate on wealthiest Americans
(Source: International Brotherhood of Teamsters press release, April 10, 2012) WASHINGTON, D.C. — The following is a statement by Teamsters General President Jim Hoffa in support of President Obama’s proposal to pass the Buffett Rule: “America’s wealthiest people...
RRB: Legislation to continue payroll tax reduction and extended unemployment benefits will aid railroad workers
(Source: U.S. Railroad Retirement Board press release, March 5, 2012) CHICAGO — Railroad employees will continue to receive the benefit of reduced payroll taxes and access to extended unemployment benefits under legislation signed by the President on February 22. That...
RailAmerica completes acquisition of majority interest in the Wellsboro & Corning Railroad and Industrial Waste Group
(Source: RailAmerica press release, April 9, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro & Corning Railroad (WCOR) and Industrial Waste Group (IWG) from Myles Group...
Alaska Railroad credit rating gets hit after Senate’s $30 million funding cut
(Source: Kansas City Star, April 10, 2012) WASHINGTON — Moody's Investors Service has lowered the outlook for Alaska Railroad bonds from stable to negative, saying the U.S. Senate's move to gut the railroad's budget could leave it short of money to pay off debt. Full...
Report disputes N.J. governor’s basis for halting train tunnel
(Source: New York Times, April 10, 2012) NEW YORK — Gov. Chris Christie of New Jersey exaggerated when he declared that unforeseen costs to the state were forcing him to cancel the new train tunnel planned to relieve congested routes across the Hudson River, according...
Congresswoman Jackson Lee presses for bullet train in Texas
(Source: Houston Chronicle, April 6, 2012) HOUSTON, Texas — Officials in Japan and South Korea told Houston Congresswoman Sheila Jackson Lee that they are interested in helping Texas build a high-speed rail line between Houston and Dallas. Full story: Houston...
Dearborn, Amtrak celebrate construction of new train station near Henry Ford attractions
(Source: Associated Press, April 10, 2012) DEARBORN, Mich. — A Detroit suburb is celebrating construction of a $28 million train station that will provide easy access to Henry Ford Museum and Greenfield Village. Full story: The Republic
No tourists allowed at new 40,000-square-foot hotel in Chattanooga
(Source: Times Free Press, April 10, 2012) CHATTANOOGA, Tenn. — A new hotel that caters specifically to Class 1 railroad employees is under construction in Chattanooga, Tenn. According to the Chattanooga Times Free Press, room quality will be comparable to a Holiday...
Rep. Sanchez ‘quite disappointed’ Anaheim cut from California bullet train plan
(Source: Los Angeles Times, April 9, 2012) LOS ANGELES — Rep. Loretta Sanchez, the Orange County Democrat who has strongly backed the Obama administration’s high-speed rail agenda, said Monday that she is “quite disappointed” by the California bullet train authority’s...
Congressional panel launches probe of California’s high-speed rail project
(Source: Los Angeles Times, April 10, 2012) LOS ANGELES — A congressional committee has launched a wide-ranging examination of the California high-speed rail project, including possible conflicts of interest and how the agency overseeing it plans to spend billions of...
