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Daily Headlines
Editorial: House GOP’s wayward transit bill ‘the worst in 35 years’
(Source: Miami Herald editorial, February 29, 2012) MIAMI — It takes some doing to unite Republicans and Democrats in the U.S. House on any topic, but Speaker John Boehner managed to do just that with a proposal that would radically overhaul federal support for...
KCS announces completion of $275 million term loan
(Source: Kansas City Southern press release, February 27, 2012) KANSAS CITY, Mo. — Kansas City Southern announced today that its wholly-owned subsidiary, The Kansas City Southern Railway Company, has entered into a $275 million Term Loan A-2 (“TLA-2”) maturing January...
Canadian Pacific Railway declares dividend
(Source: Canadian Pacific Railway press release, February 27, 2012) CALGARY, Alberta — The Board of Directors of Canadian Pacific Railway Limited today declared a quarterly dividend of thirty cents ($0.30) Canadian per share on the outstanding Common Shares. The...
CP Rail still has some tricks in Pershing fight
(Source: Financial Post, February 27, 2012) OTTAWA, Ontario — Canadian Pacific Railway Ltd. still has some tricks up its sleeve, and investors are being encouraged to wait until they appear before casting a vote in the railway’s proxy battle with activist investor,...
Union Pacific plans Missouri infrastructure improvements
(Source: Union Pacific press release, February 27, 2012) OMAHA, Neb. — Union Pacific Railroad is enhancing Missouri's transportation infrastructure by investing $38.2 million in the rail line that runs between Labadie and Jefferson City. The project is in progress and...
DOT’s LaHood urges ‘bold’ action on transport flan
(Source: Journal of Commerce, February 27, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, Transportation Secretary Ray LaHood on Monday urged state transportation officials to “be bold, don’t be afraid” as they meet with members of Congress in what is...
Head of Illinois DOT predicts high-speed rail will be a hit
(Source: WJBC website, February 27, 2012) CHICAGO — Illinois’ transportation chief said Monday that high-speed rail will be popular with passengers. Full story: www.wjbc.com
Rail system getting safer, companies say, after VIA accident
(Source: Globe and Mail, February 27, 2012) TORONTO — The Railway Association of Canada is defending a self-policing safety monitoring system that it says works effectively, as federal investigators seek answers to the Via derailment and critics call for improvements....
Judge admonishes UP, BNSF, AAR for seeking contempt of court filing in Calif.
(Source: Press-Enterprise, February 27, 2012) RIVERSIDE, Calif. — Railroad officials failed to have Southern California’s air quality chief Barry Wallerstein and other air district officials declared in contempt of court. U.S. District Judge John F. Walter in Los...
Teamsters: National Express Group’s flawed worker rights policy exposed
(Source: International Brotherhood of Teamsters press release, February 27, 2012) WASHINGTON, D.C. — The Teamsters Union and Britain’s largest union, Unite, have endorsed the findings of a report highlighting serious flaws in National Express Group’s workplace rights...
