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Daily Headlines
BNSF’s Carl Ice says railroad is on the rise
(Source: Galesburg Register-Mail, March 28, 2012) GALESBURG, Ill. — Carl Ice, BNSF Railway's president and chief operating officer, said business last year was up 4-5 percent on the system. He said at the high point in 2006, the railroad shipped about 220,000 units...
Canadian National selling two rail segments to Metrolinx for $310.5 million
(Source: Canadian Press, March 27, 2012) TORONTO — The Ontario government's Metrolinx is paying $310.5 million to buy two segments of railway line in the Toronto area from Canadian National Railway. The rails are principally used to carry GO Transit passenger trains,...
CP Rail CEO Green says operating performance sets records in 2012
(Source: Reuters, March 27, 2012) TORONTO — Canadian Pacific Railway Ltd, battling a fierce challenge from its largest shareholder, is setting performance records this year, Chief Executive Fred Green said on Tuesday in an unusually blunt response to his critics. Full...
Kansas City Southern on brink of investment-grade status
(Source: Reuters, March 27, 2012) NEW YORK — A credit rating upgrade on Tuesday for U.S. railroad Kansas City Southern puts it one step away from its long-sought investment-grade status held by its larger rivals. Full story: Reuters
SEPTA police strike is about more than the money
(Source: Philadelphia Inquirer, March 28, 2012) PHILADELPHIA — The week-old strike by SEPTA's police force is costing both sides more money than they can expect to gain if they win at the negotiating table. But the fight is not just about 35 cents an hour in pay. It...
All aboard billionaire’s golden-era private rail car
(Source: Forbes, March 26, 2012) CHICAGO — Private jets are all well and good, but as I step aboard the private railcar at Union Station in downtown Chicago for an overnight run to Denver, I think, Now, this conveys. A private railcar says you’re earthbound and...
Amtrak’s City of New Orleans now accepts electronic reservations and tickets
(Source: Times-Picayune, March 26, 2012) NEW ORLEANS — Passengers on Amtrak's City of New Orleans train can now make reservations and receive electronic tickets online. The new program gives passengers more flexibility in making or changing reservations and eliminates...
Trenton firefighters respond to fire in NJ Transit locomotive cab
(Source: Times of Trenton, March 25, 2012) TRENTON, N.J. — A fire in the engine compartment of a NJ Transit River Line train prompted an all-hands response from city firefighters late Saturday night. Full story: www.nj.com
CP Rail boss Fred Green defends his turf against activist investors
(Source: Globe and Mail, March 27, 2012) TORONTO — Canadian Pacific Railway Ltd.’s embattled chief executive officer has come out swinging against an American investor’s proposal to oust him, arguing that it is based on a flawed analysis of the company. Fred Green...
OSHA cites N.Y. tunnel project contract after runaway rail car injures 2 workers
(Source: U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) press release, March 27, 2012) NEW YORK — The U.S. Department of Labor's Occupational Safety and Health Administration has cited Dragados USA-Judlau JV, general contractor for the...
