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Daily Headlines

Bombardier CEO is confident in China rail system safety

(Source: Wall Street Journal, February 9, 2012) BEIJING — Bombardier Inc. Chief Executive Pierre Beaudoin defended China's high-speed rail network, and said he was entirely confident in the system's safety. The Canada-based company signed a $4 billion contract with...

RailAmerica reports fourth quarter, full year 2011 results

(Source: RailAmerica press release, February 8, 2012) JACKSONVILLE, Fla. — On February 8, RailAmerica, Inc. reported financial results for the quarter ended December 31, 2011. Fourth quarter 2011 revenue increased 15% to $147.3 million from $127.6 million in the...

Montana Supreme Court rules landowners’ case against BNSF can go on

(Source: Associated Press, February 9, 2012) LIVINGSTON, Mont. — The Montana Supreme Court says that the clock has not run out on Livingston landowners' pollution claims against BNSF Railway. The Livingston Enterprise reports that the court's decision Tuesday blocks...

U.S. bankruptcy judge blocks CSX tax refund bid in Alabama

(Source: Reuters, February 9, 2012) BIRMINGHAM, Ala. — The U.S. judge overseeing an Alabama county's $4.23 billion bankruptcy case on Thursday turned aside an attempt by CSX Transportation Inc to get $1 million in tax refunds tied to fuel purchases. Full story:...

Obama administration reaffirms support for California high-speed rail

(Source: Los Angeles Times, February 9, 2012) LOS ANGELES — Despite a series of a cautionary reports by outside agencies and groups, the Obama administration is reaffirming its commitment to California's $98.5-billion bullet train project. Full story: Los Angeles...

Bigger truck duel on hold to get U.S. highway bill through House

(Source: Bloomberg News, February 9, 2012) WASHINGTON, D.C. — The U.S. railroad and trucking industries called a truce, at least for now, in their lobbying battle over increasing the size and weight of trucks allowed on interstate highways. Full story: Bloomberg...

Senate votes to advance transportation bill

(Source: Progressive Railroading, February 10, 2012) Yesterday, the U.S. Senate voted to advance its two-year, $109 billion surface transportation bill, known as the Moving Ahead for Progress in the 21st Century (MAP-21). The final vote was 85 to 11. Full story:...

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