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Daily Headlines
Railcar owners take 12,457 cars out of storage, but 20.2 percent of North American fleet still idle
(The following appeared on the Journal of Commerce website on March 8, 2011.) WASHINGTON, D.C. — Railcar owners in the U.S., Canada and Mexico took 12,457 units out of storage in February, leaving the continent's idled fleet at 20.2 percent of all railcars available...
Libya isn’t why gas is $3.49 per gallon
(The following appeared at TeamsterNation.blogspot.com on March 9.) WASHINGTON, D.C. — No, the reason why gasoline costs an average of $3.49 at the pump (more in Illinois, New York, Nebraska and the western states) is that hedge funds are driving up prices. Our...
UP’s Little Rock Express steam excursion
(Union Pacific issued the following on March 7, 2011.) Omaha, Neb. — The Little Rock Express begins May 29 with the arrival of Union Pacific's steam locomotive No. 3985 in Kansas City, Mo., and concludes June 9 in Little Rock, Ark., as part of Union Pacific's Great...
UP completes rail replacement job in Oregon
(The following appeared on the Democrat Herald website on March 7, 2011.) SHEDD, Ore. — Union Pacific repairmen are packing up and heading to Nevada today after completing a 24-mile track replacement project between here and Eugene. “We have been replacing old rail...
CP Rail stock raised to ‘outperform’ on valuation
(The following appeared on the Financial Post website on March 8, 2011.) OTTAWA — A series of headwinds that have dragged on shares of Canadian Pacific have also created a buying opportunity for investors, according to Steve Hansen, Raymond James analyst. Shares in...
Bill Gates increases stake in CN Rail
(The following appeared on the Toronto Sun website on March 7, 2011.) MONTREAL — Microsoft founder Bill Gates, the largest shareholder in Canadian National Railway Co., spent $8 million through his investment agency to increase his stake in the rail giant, Gates' firm...
Could Florida’s SunRail survive governor’s ax?
(The following appeared on the Orlando Sentinel website on March 7, 2011.) ORLANDO, Fla. — Now that Gov. Rick Scott has done away with the high-speed train and $2.4 billion in federal grants that came with it, many suspect he will turn his attention to SunRail and...
Rail or no rail, Florida could owe feds millions
(The following appeared on the Florida Times-Union website on March 7, 2011.) JACKSONVILLE, Fla. — It would cost $2.7 billion to build a high speed rail between Orlando and Tampa. But U.S. Sen. Bill Nelson is arguing that it may end up costing state taxpayers even if...
Cold, threats, derailments cause costly delays for BNSF in Montana
(The following appeared on the Billings Gazette website on March 6, 2011.) BILLINGS, Mont. — After a rough Montana month of train derailments, bizarre weather and a bogus terrorism threat, the iron horse that tamed the West is limping into March like Mr. Ed. February...
Complex scenario challenges crews during rail emergency drill
(The following appeared on the Contra Costa Times website on March 7, 2011.) VERNON, Calif. — It was an emergency drill Sunday in an unusual setting that provided several challenges. In the trench section of the Alameda Corridor, area firefighters had to extinguish a...
