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Daily Headlines

BNSF cuts capital budget 10 percent

(The following story by John D. Boyd appeared on The Journal of Commerce website on January 23, 2010.) WASHINGTON, D.C. — BNSF Railway plans to spend $2.4 billion in 2010 on capital improvements including track upgrades and freight cars, a drop of 10 percent from 2009...

Disappointing earnings doesn’t change outlook for CSX

(The following story by Mark Basch appeared on the Florida Times-Union website on January 25, 2010.) JACKSONVILLE, Fla. — Although CSX Corp.'s (NYSE: CSX) stock dropped sharply last week after its disappointing fourth-quarter earnings report, analysts generally...

Railroads signal a tepid US economic recovery

(The Associated Press circulated the following story by Josh Funk on January 23, 2010.) OMAHA, Neb. — The nation's railroad operators expect a tepid recovery for the U.S. economy in 2010, as both businesses and consumers continue to wrestle with the effects of the...

Central Japan Railway may target Floriday bullet train deal

(Reuters circulated the following story by Nobuhiro Kubo on January 25, 2010.) TOKYO —Central Japan Railway Co (JR Tokai) (9022.T) will join rivals in competing to develop a high-speed railway line in the U.S. state of Florida, as the former state-owned firm looks to...

Amtrak threatens to stop central Florida rail service

(The following appeared on the Lakeland Ledger website on January 23, 2010.) TALLAHASSEE, Fla. — Amtrak threatened to derail recently approved legislation to allow for the proposed Orlando commuter train SunRail unless the state gave it a similar liability provision....

Railroad Retirement Board customer service plan update

(The U.S. Railroad Retirement Board circulated the following on January 8, 2010.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the...

Norfolk Southern clearing the way for Elliston intermodal site

(The following story by Jeff Sturgeon appeared on the Roanoke Times website on January 21, 2010.) ELLISTON, Va. — Norfolk Southern Corp. is clearing land for a planned intermodal train terminal even as attorneys for Montgomery County try to block the project's state...

Opinion: These railroads don’t lie

(The following column by Christopher Barker appeared on the Motley Fool website on January 21, 2010.) NEW YORK — In a world where economists get it wrong, politicians don't get it, and the financial media just wants to cheer you up, it's comforting to know that key...

Union Pacific opposes new rail regulatory legislation

(The following story by John D. Boyd appeared on The Journal of Commerce website on January 21, 2010.) WASHINGTON, D.C. — The largest U.S. freight railroad, Union Pacific, came out against the version of the rail regulatory bill that cleared the Senate Commerce,...

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