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Daily Headlines
Opinion: Passenger rail a good alternative to $4 gasoline
(The following column appeared on the Des Moines Register website on May 15, 2011.) DES MOINES, Iowa — The return of high gasoline prices is a reminder that Iowa needs to move forward with an "all of the above" transportation strategy that provides many options to get...
Rail helps pick up the slack as barge unloadings slide at New Orleans
(The following appeared on the Journal of Commerce website on May 13, 2011.) WASHINGTON, D.C. — The number of grain barges unloading at New Orleans in recent weeks has dropped 14 percent from average levels for this time of year, the U.S. Department of Agriculture...
Floods raising shipper costs, analyst says
(The following appeared on the Journal of Commerce website on May 13, 2011.) WASHINGTON, D.C. — Bulk shipper costs are escalating for the second quarter, an industry analyst said, because of heavy flooding on major U.S. rivers. Barge traffic has been disrupted,...
BNSF says Bellingham is only practical route to Cherry Point cargo terminal
(The following appeared on the Bellingham Herald website on May 13, 2011.) BELLINGHAM, Wash. — Trains headed for SSA Marine's proposed new shipping terminal at Cherry Point would get there via Bellingham, not the South Fork Valley, a BNSF Railway Co. spokeswoman said...
Genesee & Wyoming logged more carloads in April
(The following appeared on the Progressive Railroading website on May 12, 2011.) Last month, Genesee & Wyoming Inc.’s (GWI) subsidiary railroads handled 82,190 carloads, up 12.3 percent compared with April 2010 volume. Excluding 5,925 carloads from Australia’s...
Canadian Pacific Railway announces dividend increase
(Canadian Pacific issued the following on May 11, 2011.) CALGARY, Alberta — The Board of Directors of Canadian Pacific Railway Limited today declared an increase in CP's next quarterly dividend to thirty cents ($0.30) Canadian per share on the outstanding Common...
GE plans Texas locomotive plant near Buffett’s BNSF
(Bloomberg News circulated the following on May 12, 2011.) NEW YORK — General Electric Co. (GE) plans to open a locomotive plant employing more than 500 people in Fort Worth, Texas, the hometown of Warren Buffett’s Burlington Northern Santa Fe, as demand rises for...
Editorial: Negative analysis of California high-speed rail is just politics
(The following editorial appeared on the Merced Sun-Star website on May 13, 2011.) MERCED, Calif. — The Legislative Analyst's Office report misses the major reason that the San Joaquin Valley was selected for the first leg of California's high-speed rail project. The...
Editorial: All aboard high speed rail
(The following editorial appeared on the Philadelphia Inquirer website on May 12, 2011.) PHILADELPHIA, Pa. — Philadelphians and other Northeast Corridor rail commuters may want to thank the tea-party movement for a speedier trip to New York. Amtrak announced this week...
Economic recovery will continue, Norfolk Southern CEO tells stockholders
(Norfolk Southern issued the following on May 12, 2011.) NORFOLK, Va. — “The economic recovery is well under way, and barring some unanticipated event, it will continue well on into 2012,” said Wick Moorman, chief executive officer of Norfolk Southern Corporation,...
