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NS, CN have partnered on efforts to increase the movement of recycled paper
(The following story by Baird Spicuzza and Rose Zawistowski appeared at RecyclingToday.com on February 24, 2010.) So, what exactly happened to the boxcar? Does recovered fiber move by rail anymore? To borrow a familiar refrain, the reports of the death of scrap paper...
CSX Intermodal, Union Pacific announce new intermodal container program
(CSX Intermodal and Union Pacific issued the following on February 24, 2010.) OMAHA, Neb. and JACKSONVILLE, Fla. — UMAX, a new domestic interline container program created by CSX Intermodal and Union Pacific Railroad, will provide customers access to more than 20,000...
RailAmerica, Inc. reports fourth quarter and full year 2009 results
(RailAmerica issued the following press release on February 24, 2010.) JACKSONVILLE, Fla. — RailAmerica, Inc. (NYSE: RA) today reported financial results for the quarter and year ended December 31, 2009. Reported results reflect the Ottawa Valley Railway (OVR) as a...
Railroads have until April 16 to submit PTC roll-out plans
(The following story by Jeff Stagl appeared on the Progressive Railroading website on February 24, 2010.) WASHINGTON, D.C. — The months-long wait for the Federal Railroad Administration (FRA) to issue a final implementation rule on positive train control (PTC) ended...
Railroad shares mixed at the close of February 24 trading
(The Associated Press circulated the following on February 24, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.52 or 1.1 percent, to $47.28. Canadian National fell $.03 or .1 percent, to $52.50. Canadian Pacific...
Bombardier train deal could total $10.8 billion
(Reuters Canada circulated the following on February 24, 2010.) TORONTO — Bombardier Inc. has signed a framework agreement with French National Railways that could add up to around 8 billion euros ($10.85 billion) for a total of 860 regional express trains. Bombardier...
Federal income tax and Railroad Retirement benefits
(The U.S. Railroad Retirement Board issued the following on February 3, 2010.) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement...
Nebkota railroad drops objection to rail line sale
(The following story by George Ledbetter appeared on the Chadron Record website on February 23, 2010.) CHADRON, Neb. — Nebkota Railway Inc. (NRI), the only company currently operating trains in Chadron, has withdrawn the objection it filed just two weeks ago to the...
STB schedules oral arguments for March 24
(The Surface Transportation Board issued the following on February 23, 2010.) WASHINGTON, D.C. —The Surface Transportation Board has scheduled an oral argument for Wednesday, March 24, 2010, at 9:30 a.m., at the STB's Washington headquarters. Board members will hear...
Diesel fuel price soars 7.6 cents
(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on February 23, 2010.) WASHINGTON, D.C. — Diesel prices across the United States jumped 7.6 cents over the past week, the first increase in six weeks, to their highest point since...
