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Daily Headlines
Union Pacific announce $1 billion investment In Nebraska
(Source: Union Pacific press release, January 20, 2012) OMAHA, Neb. — Gov. Dave Heineman today joined Union Pacific Chairman and CEO Jim Young in announcing the company's planned $1 billion investment in Nebraska over the next several years as part of its capital...
Fallen trees shut down passenger rail service between Portland and Seattle
(Source: The Columbian, January 19, 2012) COLUMBIA, Wash. — Fallen trees and debris have temporarily shut down passenger rail service between Portland and Seattle, BNSF Railway announced. Full story: The Columbian
KCS CEO named Railroader of the Year by Railway Age
(Source: Railway Age press release, January 19, 2012) KANSAS CITY, Mo. — David L. Starling, president and chief executive officer of Kansas City Southern, has been named 2012 Railroader of the Year by railroad industry trade journal Railway Age.
States may be able to pay for say in Amtrak services
(Source: Albany Times Union, January 20, 2012) ALBANY, N.Y. — A federal requirement that states begin to cover operating losses on short-haul trains also is expected to give those states far more say in what service Amtrak provides. For example, food service may...
Canada may sell part of VIA Rail, cut routes as costs mount
(Source: Bloomberg News, January 20, 2012) NEW YORK — Canada may sell part of VIA Rail or cut service provided by the money-losing passenger-rail company as the government looks to pare spending, documents show. Full story: Bloomberg News
Pipeline’s end puts U.S. at disadvantage, Union Pacific CEO says
(Source: CNBC, January 19, 2012) NEW YORK — The end of the Keystone Pipeline project puts the U.S. at a competitive disadvantage, the chief executive of the Union Pacific Railroad told CNBC. Source: CNBC
Union Pacific’s export coal business nearly quadruples
(Source: Platts, January 19, 2012) WASHINGTON, D.C. — Class I railroad Union Pacific said Thursday its US export coal volume jumped to 5.2 million st in 2011, a 271.4% increase over its 2010 total of 1.4 million. Full story: Platts
Union Pacific rises to highest level since 1980s
(Source: Bloomberg News, January 19, 2012) NEW YORK — Union Pacific Corp. rose to the highest price in at least 31 years after the biggest U.S. railroad’s profit topped estimates amid shipment-volume gains. The shares increased 2.2 percent to $112.18 at 4 p.m. in New...
AAR: Railroad report intermodal volume up 7.4 percent over 2011
(Source: Association of American Railroads press release, January 19, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported an increase in weekly rail traffic for the week ending January 14, 2012, with U.S. railroads originating 298,560...
U.S. Class I T&E workforce grew slightly in December
(Source: Progressive Railroading, January 19, 2012) As 2011 drew to a close, the U.S. Class Is employed fewer people than they did in November. As of mid-December, the large railroads’ workforce stood at 159,717, down 0.3 percent from November’s level, according to...
