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Daily Headlines
Longevity of Railroad Retirement Beneficiaries
(The U.S. Railroad Retirement Board issued the following on December 1, 2009.) CHICAGO — Every three three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit...
Year 2010 Railroad Retirement and Unemployment Insurance Taxes
(The U.S. Railroad Retirement Board issued the following on December 1, 2009.) CHICAGO — The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes and the tier I and tier II tax rates on employees and employers remain unchanged in...
Metrolinx acquires full ownership of Toronto-Barrie rail commuter corridor in transaction with CN
(CN and Metrolinx issued the following on December 15, 2009.) TORONTO — Metrolinx today purchased from CN the lower portion of the Newmarket Subdivision in central-north Toronto for C$68 million. The transaction gives Metrolinx end-to-end ownership of the 60-mile-long...
KCS obtains EPA grants to upgrade locomotives
(The following appeared on the Progressive Railroading website on December 15, 2009.) Kansas City Southern Railway Co. (KCSR) recently received a $2.9 million grant from the U.S. Environmental Protection Agency (EPA) to install repower kits on five locomotives to...
GE cuts railcar order in half
(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on December 15, 2009.) WASHINGTON, D.C. — The Greenbrier Companies agreed with General Electric Railcar Services to modify GER's railcar manufacturing contract by reducing the...
ACES rail line posts loss of $6 million
(The following story by Donald Wittkowski appeared on the Press of Atlantic City website on December 16, 2009.) ATLANTIC CITY, N.J. — Officials overseeing a rail line that carries casino gamblers from New York to Atlantic City disclosed Tuesday that the trains have...
Montgomery Co. to appeal intermodal ruling
(The following story by Jeff Sturgeon appeared on the Roanoke Times website on December 16, 2009.) ROANOKE, Va. — The Montgomery County Board of Supervisors will try again to block the planned construction of an intermodal rail yard in Elliston, arguing the massive...
Exploring the aspects of SunRail
(The following appeared on the Lakeland Ledger website on December 16, 2009.) LAKELAND, Fla. — Q. What is SunRail? A. SunRail will be a 61.5-mile commuter rail line serving the greater Orlando area. When fully operational, riders will be able to board a train in...
Editorial: SunRail deal: The breakfast of concealers
(The following editorial appeared on the Lakeland Ledger website on December 16, 2009.) LAKELAND, Fla. — If state Sen. Paula Dockery wins the Republican gubernatorial nomination, and Florida Chief Financial Officer Alex Sink wins the Democratic counterpart, two things...
Editorial: Florida DOT’s “Wafflegate” needs a closer look
(The following editorial appeared on the Sun Sentinel website on December 15, 2009.) FORT LAUDERDALE, Fla. — For all the good it promises, the rail legislation approved last week by the Legislature smacked of a sweetheart deal. Now there's controversy to back up that...
