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Daily Headlines
Gary airport, Canadian National close to expansion agreement
(Source: NWI Times, March 21, 2012) GARY, Ind. — The Gary/Chicago International Airport Authority on Thursday appeared to be on the brink of inking a long-sought agreement with Canadian National Railway to move its tracks out of the way for the airport's $163 million...
Union Pacific to announce first quarter 2012 results on April 19
(Source: Union Pacific press release, March 21, 2012) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation's first quarter 2012 earnings release presentation that will be broadcast live over the Internet or via teleconference on Thursday, April 19,...
SEPTA police return to contract talks
(Source: Philadelphia Inquirer, March 23, 2012) PHILADELPHIA, Pa. — SEPTA transit police officers went back to the bargaining table Thursday, a few hours after the union's strike passed the 24-hour mark. The union confirmed that U.S. Rep. Bob Brady (D, Pa.) had been...
Railroad stocks down at close of March 22 trading
(Source: Associated Press, March 22, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on March 22, including CSX, which fell 3.4 percent, and Norfolk Southern, which fell 3.7 percent. Full story: CBS News
Florida company proposes $1 billion Orlando-to-Miami train
(Source: Orlando Sentinel, March 22, 2012) ORLANDO, Fla. — A Coral Gables real estate and rail company announced ambitious plans Thursday to run passenger trains from Miami to Orlando as early as 2014. The $1 billion project, dubbed All Aboard Florida, would be...
Canadian Pacific nominates activist investor Ackman to board
(Source: Calgary Herald, March 23, 2012) CALGARY, Alberta — Canadian Pacific Railway Ltd nominated activist investor William Ackman for election to its board of directors on Thursday, the latest twist in a drawn-out proxy battle with his Pershing Square Capital...
CN to acquire 161 locomotives to handle expected traffic increases, improve operational efficiency
(Source: CN press release, March 22, 2012) MONTREAL — CN announced today a major locomotive acquisition program to accommodate anticipated traffic growth and to improve operational efficiency, enabling the railway to better serve its customers. CN will acquire 65 new...
Head of Amtrak’s Board of Directors touts high-speed rail in Michigan speech
(Source: Kalamazoo Gazette, March 23, 2012) GRAND RAPIDS, Mich. — Tom Carper, the head of Amtrak’s Board of Directors, touted strides toward high-speed passenger rail in Michigan and work to enhance Michigan-to-Chicago rail services during a Thursday speech to transit...
AAR: Railroads report weekly intermodal traffic up 2 percent
(Source: Association of American Railroads press release, March 22, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending March 17, 2012, with U.S. railroads originating 278,420 carloads, down...
Hoffa-Hall slate sworn in for new term
(Source: International Brotherhood of Teamsters press release, March 22, 2012) WASHINGTON, D.C. — Teamsters General President James P. Hoffa, General Secretary-Treasurer Ken Hall and the newly elected International Vice Presidents and Trustees were sworn in today to a...
