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Daily Headlines
Amtrak announces East Coast service cancellations due to impending winter weather
(Amtrak issued the following on February 4, 2010.) WASHINGTON, D.C. — Due to impending winter weather conditions in Virginia and the Carolinas, most Amtrak service south from Washington, DC has been canceled for Friday, February 5. All southbound Northeast Regional...
S&P cuts Berkshire’s rating, cites Burlington deal
(The Associated Press circulated the following on February 4, 2010.) OMAHA, Neb. — Standard & Poor's has followed through on its warning and lowered Berkshire Hathaway Inc.'s long-term credit rating Thursday as the Omaha firm readies to acquire Burlington Northern...
Berkshire to issue $8 billion of debt for BNSF purchase
(The Associated Press circulated the following on February 4, 2010.) OMAHA, Neb. — Berkshire Hathaway Inc. filed documents Thursday indicating plans to sell $8 billion of debt to finance the acquisition of railroad Burlington Northern Sante Fe Corp. Documents filed...
CN announces plans for new $100 million logistics park in Calgary
(CN issued the following on February 4, 2010.) CALGARY — CN today announced it plans to establish a new $100-million CN Calgary Logistics Park (http://www.cn.ca/calgarypark) in Conrich, located in Rocky View County north east of Calgary. The 680-acre park is planned...
NTSB provides update on June 2009 fatal collision of two D.C. Metro trains
(The National Transportation Safety Board issued the following on February 4, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board today released additional information about the Board's scheduled public hearing as part of its ongoing investigation into...
STB rate decision disturbs railroad, shippers
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 4, 2010.) WASHINGTON, D.C. — The Surface Transportation Board’s decision to order freight rate repayments by Union Pacific Railroad to U.S. Magnesium over some chlorine hauls...
Engineer: “I could see the passenger looking at me with her mouth open in shock”
(The following story by Stu Ducklow appeared on The Hants Journal website on February 5, 2010.) NEW MINAS, Nova Scotia — If you ever get inside the cab of a locomotive, take a look the heater panel in front of the engineer’s seat. It sits just where the brake pedal...
Amtrak plans $11 billion of train equipment purchases
(Bloomberg News circulated the following story by Angela Greiling Keane on February 4, 2010.) WASHINGTON, D.C. — Amtrak, the U.S. long-distance passenger railroad, said it needs $11 billion in new rail equipment during the next 14 years and is examining ways to fund...
AAR: Year-over-Year 2008 weekly comparison still shows decline
(The Association of American Railroads issued the following on February 4, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that freight traffic continues to show some improvement compared with 2009, though down sharply compared with the...
Federal income tax and Railroad Retirement benefits
(The U.S. Railroad Retirement Board issued the following on February 3, 2010.) 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 beneficiaries...
