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Daily Headlines

Obama includes $47 billion for high-speed rail in 2013 budget

(Source: The Hill, February 15, 2012) WASHINGTON, D.C. — The $3.8 trillion budget unveiled this week by President Obama includes $47 billion for high-speed rail development, despite a Republican effort to defund the initiative this year. Full story: The Hill

NTSB: Canadian National failed to warn train before derailment

(Source: Chicago Tribune, February 14, 2012) CHICAGO — Canadian National Railway knew for an hour about a washout along tracks near Rockford but failed to notify a freight train crew in time to prevent a deadly derailment in 2009, the National Transportation Safety...

CN cranks up steam on rival CP with pursuit of potash, coal contracts

(Full story: Globe and Mail, February 16, 2012) TORONTO — Canadian National Railway Co. is positioning itself to become a major transporter of potash and coal by increasingly pushing onto the turf of embattled Canadian Pacific Railway Ltd. Full story: Globe and Mail

Gas field shipments boosting railroads

(Source: Bloomberg News, February 17, 2012) NEW YORK — CSX Corp.’s projected 40 percent gain this year in deliveries of fracking sand used for natural gas drilling may blunt a decline in coal shipments, the biggest commodity business for North American railroads. Full...

STB to hold hearing on Berkshire Hathaway acquisition of BNSF Railway

(Source: U.S. Surface Transportation Board press release, February 17, 2012) WASHINGTON, D.C. — The Surface Transportation Board announced today that it will hold a March 22, 2012 public hearing to explore the impact of Berkshire Hathaway, Inc. (Berkshire)'s...

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