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Daily Headlines
Coal weighs on railroads’ most-watched index
(Source: Bloomberg News, February 15, 2012) NEW YORK — The biggest component of Warren Buffett’s most-watched index — coal — is falling, and the decline may depress first-half earnings at U.S. railroads. Full story: Bloomberg News
Agency approves $8.1 million study for proposed South Jersey rail line
(Source: Philadelphia Inquirer, February 16, 2012) PHILADELPHIA — An $8.1 million study of a proposed commuter rail line between Glassboro and Camden was approved by the Delaware River Port Authority board on Wednesday, according to the Philadelphia Inquirer. The...
Maine lawmakers seek to preserve Downeaster funding
(Source: Maine Public Broadcasting Network, February 15, 2012) PORTLAND, Maine — In a bruising battle over federal transportation funds on Capitol Hill, Maine's congressional delegation is trying to cling to monies used to operate one of the state's biggest transit...
Speeding to Kalamazoo aboard Amtrak’s new high-speed train
(Source: Chicago Sun-Times, February 15, 2012) KALAMAZOO, Mich. — There was definitely a Back to the Future feel aboard the special Amtrak train that departed Union Station at 7 a.m. Wednesday carrying news media and dignitaries on a mission to commemorate the return...
House Republicans delay vote on controversial surface transportation bill
(Source: Journal of Commerce, February 15, 2012) WASHINGTON, D.C. — Facing shaky support for his surface transportation bill, House Republicans said they would delay the vote on the $260 billion, five-year package until after President’s Day's recess, according to a...
Ackman’s Pershing boosts Canadian Pacific stake
(Source: Bloomberg News, February 15, 2012) NEW YORK — Pershing Square Capital Management LP, the hedge fund run by William Ackman, boosted its stake in Canadian Pacific Railway Ltd. (CP) to about 14 percent of the company’s stock and cut its holding in Kraft Foods...
Amtrak party for high-speed rail today in Michigan
(Source: Kalamazoo Gazette, February 15, 2012) KALAMAZOO, Mich. — A special Amtrak train will come into Kalamazoo today to celebrate the increase to 110 mph. The train arrives in Kalamazoo at 10:10 a.m. and departs 11:05 a.m. Full story: Kalamazoo Gazette
Norfolk Southern signs deal with renewable diesel fuel companies
(Source: Norfolk Southern press release, February 14, 2012) NORFOLK, Va. — Dynamic Fuels, LLC and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation, one of the nation’s largest transporters of coal and industrial...
Union Pacific to invest in Oregon, California infrastructure improvements
(Source: Union Pacific Railroad press releases, February 13, 2012) OMAHA, Neb. — Union Pacific Railroad is enhancing the Oregon transportation infrastructure by investing $6.5 million in its Kenton and Graham Lines in the Portland Metropolitan area. The project...
Union Pacific to expand south Louisiana operations
(Source: Associated Press, February 15, 2012) ADDIS, La. — Union Pacific Railroad says it will spend $200 million to expand its operations in South Louisiana to meet expected higher customer demand from petrochemical plants along the Mississippi River. The plans call...
