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Daily Headlines
Stock glance: Railroad companies mixed
(Source: Associated Press, February 29, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on February 29, including CSX, which fell 2.4 percent, and Canadian Pacific, which rose 0.7 percent. Full story: CNBC
Amtrak’s Sunset Limited line could be returning to Gulf Coast
(Source: Northwest Florida Daily News, February 29, 2012) DeFUNIAK SPRINGS, Fla. — Amtrak's Sunset Limited passenger line, which ran from Jacksonville to New Orleans before Hurricane Katrina, may be re-opened soon for the first time since the 2005 storm. Full story:...
Buffett poised to win wager on America with BNSF
(Source: Bloomberg News, February 29, 2012) NEW YORK — When Warren Buffett bought North America’s second-biggest railroad, he called it an “all-in wager” on the U.S. economy. It’s turning out to be a pretty good bet on the oil industry, too. Full story: Bloomberg...
Chicago-area gas tax hike proposed to fund mass transit investment
(Source: Chicago Tribune, March 1, 2012) FREEHOLD, N.J. — Mass transit supporters proposed state legislation Wednesday that would increase the gas tax in the Chicago area to raise a projected $168 million over five years for the CTA, Metra and Pace. The legislation...
VIA trains will sound long whistles to mourn engineers lost in derailment
(Source: The Record, March 1, 2012) KITCHENER, Ontario — Via Rail trains will sound their horns over three days in tribute to the three train engineers who lost their lives in Sunday’s derailment in Burlington. On Thursday, Friday and Sunday at 3:26 p.m. ET — the...
VIA Rail train crash update expected today
(Source: CBC News, March 1, 2012) OTTAWA, Ontario — The Transportation Safety Board will hold a news conference on Thursday morning to give an update on the investigation into the fatal Via Rail train derailment in Burlington, Ont., last weekend. The train's event...
Critic says Transport Canada needs to step up railway safety oversight
(Source: CTV Winnipeg, February 29, 2012) WINNIPEG — Perturbed by a deadly derailment in southwestern Ontario, a longtime railway safety critic is calling on Canada’s federal government to step up its on-the-track oversight. Full story: CTV Winnipeg
Texas Rep. vows to bring high-speed rail to state
(Source: Houston Chronicle, February 29, 2012) HOUSTON — Texas Rep. Sheila Jackson Lee pledged Wednesday to make her state’s decades-old dream to build a high-speed rail system come true, despite fiscal constraints and partisan gridlock in the nation’s capital. Full...
NJ Transit conductor arrested in alleged fare scam
(Source: Star-Ledger, March 1, 2012) FREEHOLD, N.J. — For more than a year a NJ Transit train conductor pretended to check the tickets for a select group of passengers on the North Jersey Coast Line. Instead of buying tickets, authorities said, these passengers gave...
Supreme Court says railroad law preempts claims on asbestos exposure in repair work
(Source: Bloomberg BNA, February 29, 2012) WASHINGTON, D.C. — A federal law dating from the heyday of steam trains governs locomotive equipment and preempts state-law claims based on a worker's exposure to asbestos-containing brakes and insulation at railroad...
