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Daily Headlines
Railroads to invest $13 billion this year, hire 15,000 workers
(Source: Los Angeles Times, January 31, 2012) LOS ANGELES — In a positive sign for the U.S. economy, the nation's major railroads will invest a record $13 billion in various infrastructure upgrades this year, according to a rail industry group. Full story: Los Angeles...
Union Pacific says 2011 most profitable year ever, thanks in part to Powder River Basin coal
(Source: Associated Press, January 31, 2012) GILLETTE, Wyo. — Union Pacific says it was more profitable in 2011 than ever before due in part to coal shipments from Wyoming's Powder River Basin. Full story: Chicago Tribune
Amtrak privatization off table, for now
(Source: Asbury Park Press, February 1, 2012) WASHINGTON — The GOP idea of privatizing the Northeast Corridor is off the table — for now. Florida Rep. John Mica, who chairs the House Transportation Committee, wants private companies to compete with Amtrak to provide...
Transportation bill throws bones to GOP base
(Source: Politico.com, February 1, 2012) WASHINGTON, D.C. — House Republicans on Tuesday introduced a giant new surface transportation bill loaded with goodies for the GOP base. Greg Cohen, president and CEO of the American Highway Users Alliance, described the bill...
House GOP unveils controversial surface transportation bill
(Source: Progressive Railroading, January 31, 2012) The Association of American Railroads (AAR) is gearing up to fight provisions in the House Republicans’ long-awaited surface transportation bill that would allow states to increase truck size and weight limits. The...
LIRR to get upgrades to signal system
(Source: Associated Press, January 30, 2012) NEW YORK — The Long Island Rail Road plans $500,000 in upgrades to its signal system at Jamaica station that was seriously damaged by a September lightning strike. Full story: Wall Street Journal
CP executives hitting the road to defend their strategy
(Source: Globe and Main, January 31, 2012) TORONTO — Canadian Pacific Railway Ltd.’s directors and executives will embark on a road show this week in hopes of persuading institutional investors to back CP’s efficiency strategy and shun activist investor Bill Ackman’s...
Does California need high-speed rail?
(Source: New York Times, January 26, 2012) NEW YORK — On January 26, the New York Times published a series of essays debating the pros and cons of high-speed rail in America. Full story: New York Times
Amtrak’s Downeaster: The little Maine train that could
(Source: Huffington Post, January 30, 2012) WASHINGTON, D.C. — After 10 successful years, Maine's experiment with the restoration of passenger rail service is paying big dividends, proving that passenger rail has an important place in the nation's transportation...
As freight business booms, GE Transportation hasn’t given up on high-speed rail
(Source: Erie Times-News, January 31, 2012) ERIE, Pa. — A booming freight business is keeping employees at GE Transportation busy. But the company stands ready to compete in the development of high-speed and so-called higher-speed rail, an intermediate step that could...
