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Daily Headlines
BNSF shareholders to vote on sale to Berkshire
(The Associated Press circulated the following on February 11, 2010.) OMAHA, Neb. — Burlington Northern Santa Fe Corp. shareholders are getting ready to vote on selling their railroad to Warren Buffett's company. The Thursday morning vote is the last major hurdle for...
Fitch cuts Berkshire Hathaway ratings on BNSF deal
(The Associated Press circulated the following on February 11, 2010.) CHICAGO — Fitch Ratings on Wednesday cut its key rating of Berkshire Hathaway Inc. two notches within investment-grade territory, citing risks that Warren Buffett's company is taking on in acquiring...
CSX declares force majeure on some loads
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 10, 2010.) WASHINGTON, D.C. — This week’s severe winter storms prompted CSX Transportation to invoke the force majeure clause, for events outside its control, for service...
Major snow stalls freight in Northeast
(The following appeared on The Journal of Commerce website on February 10, 2010.) WASHINGTON, D.C. — Winter storms Wednesday stopped or slowed freight traffic and closed facilities from the Great Lakes to the East Coast. An expansive area of wintry precipitation is...
Storms slamming surface transport
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 8, 2010.) WASHINGTON, D.C. — Three days after a massive winter storm struck the mid-Atlantic region, freight transportation systems were still trying to recover to normal...
In India, many top Olympic athletes work on the railroad
(The following story by Elliot Hannon appeared on the New York Times website on February 10, 2010.) NEW DELHI — Cricket is a national obsession in India. Its stars dominate the headlines and devour almost all the sponsorship deals. Aspiring Olympians can find...
Amtrak awards maintenance shop contracts, steps up security for Winter Olympics
(The following appeared on the Progressive Railroading website on February 9, 2010.) Yesterday, Amtrak announced it awarded two contracts totaling $49.5 million for major upgrades to maintenance facilities in Los Angeles and Hialeah, Fla. The projects are funded by...
Norfolk Southern ends force majeure
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 9, 2010.) Norfolk Southern Railway lifted its force majeure service declaration early on Feb. 9 for traffic moving through eastern-U.S. areas hit hard by the huge weekend...
Grupo Mexico signs agreement with KCS
(Dow Jones circulated the following on February 10, 2010.) MEXICO CITY — Mexican mining and railway company Grupo Mexico SAB (GMEXICO.MX) said Tuesday it has signed an agreement with Kansas City Southern de Mexico, or KCSM, on interconnection and rights of way between...
High speed rail: Skipping your home town?
(The following story by Steve Hargreaves appeared at CNN.com on February 9, 2010.) NEW YORK — Most of the $8 billion in high-speed rail funds that President Obama awarded last month will not be used for high-speed projects, but rather to improvements designed to make...
