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Daily Headlines
GOP faces tough test on $260 billion transportation bill
(Source: The Hill, February 5, 2012) WASHINGTON, D.C. — Speaker John Boehner (R-Ohio) faces a difficult task in winning House approval of a $260 billion transportation bill that has come under attack from the right and the left. The transportation measure is being...
House Transportation and Infrastructure Committee passes bill without truck weight, size increases
(Source: Progressive Railroading, February 3, 2012) Early on February 3, the House Transportation and Infrastructure Committee passed the “American Energy and Infrastructure Jobs Act,” a $260 billion bill that proposes to fund transportation programs over five years....
RailAmerica acquires two more short line railroads
(Source: Journal of Commerce, February 2, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, short line operator RailAmerica acquired a Michigan short line railroad, a Northeast short line railroad and a transload operator for $58 million. Full story:...
Canadian Pacific expands its oil by rail operation to Lloydminster, Sask.
(Source: Canadian Pacific Railway press release, February 2, 2012) CALGARY, Alberta — Canadian Pacific today announced that, by leveraging its North Main Line infrastructure, the company is now shipping crude oil by rail from a new transload facility near...
CP Rail upgraded as more gains expected
(Source: Financial Post, February 3, 2012) OTTAWA — Canadian Pacific Railway Ltd. was upgraded to overweight from neutral at JPMorgan as analyst Thomas Wadewitz sees even more upside in the stock. CP shares have performed well in recent months as investors gain...
How to stop Philadelphia’s growing number of railroad fatalities?
(Source: Philadelphia Inquirer, February 3, 2012) PHILADELPHIA — For locomotive engineers, people on the tracks are a terrifying occupational hazard. Operating a train that kills a person leaves some engineers unable to return to work and others haunted by their...
AAR: Railroads report gains for January 2012 rail traffic
(Source: Association of American Railroads press release, February 2, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) reported that total U.S. rail carloads originated in January 2012 totaled 1,144,800, an average of 286,200 per week and up 0.1...
BMWED and NCCC Reach national freight agreement
(Source: Brotherhood of Maintenance of Way Employes Division press release (PDF), February 2, 2012) SOUTHFIELD, Mich. — Today, the Brotherhood of Maintenance of Way Employes Division-IBT and the National Carriers’ Conference Committee reached a tentative agreement...
House panel votes to delay expansion of 97,000-pound trucks
(Source: Bloomberg News, February 3, 2012) WASHINGTON, D.C. — A House panel voted to stop a measure written by its own chairman to allow 97,000-pound trucks on U.S. interstate highways and expand use of double- and triple- trailers in states that now allow them. The...
GOP lawmaker files amendment to block highway bill money from going to Calif. high-speed rail
(Source: The Hill, February 2, 2012) WASHINGTON, D.C. — A California Republican lawmaker is planning to introduce an amendment to the $260 billion surface transportation bill being considered by the House Transportation and Infrastructure Committee Thursday to block...
