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Daily Headlines
NJ Transit to maintain diesel locomotives
(The Associated Press circulated the following on November 11, 2009.) NEWARK, N.J. — NJ Transit has agreed to spend at least $6 million to develop a maintenance program for its aging fleet of diesel locomotives. The agency believes the program is more cost-effective...
Public-private partnerships at center of Memphis freight conference
(The following story by Eric Smith appeared on The Daily News website on November 10, 2009.) MEMPHIS, Tenn. — Memphis’ intermodal and freight capabilities are legendary. The city has boasted the world’s busiest cargo airport for 17 straight years thanks to hometown...
McCalla residents continue to disagree with Norfolk Southern
(The following appeared at MyFoxAl.com on November 10, 2009.) McCALLA, Ala. — The fight over a train hub in west Jefferson County is again heating up. Members of the group "No Hub 4 McCalla" met Tuesday at McAdory Elementary school to prepare for an upcoming meeting...
Opinion: Buffett’s railroad investment shows long-term vision
(The following column by Alvaro Vargas Llosa appeared on the Deseret News website on November 10, 2009.) WASHINGTON, D.C. — Berkshire Hathaway's Warren Buffett, the fabled investor, has announced the biggest deal of his life: He will acquire the stake he doesn't...
Union Pacific, New Mexico agree to land swap for hub
(The following appeared on the El Paso Times website on November 11, 2009.) EL PASO, Texas —The state of New Mexico and Union Pacific Railroad agreed on a land swap that will enable Santa Teresa to become a major commercial and industrial hub, officials announced...
San Antonio-Austin passenger rail route meetings planned
(The following story by Josh Baugh appeared on the San Antonio Express-News website on November 10, 2009.) SAN ANTONIO, Texas — With a catchy new name and wads of cash, the LSTAR has left the station. The Lone Star Rail District announced Monday that it's moving...
KCS Board of Directors declares quarterly preferred dividend
(Kansas City Southern issued the following on November 10, 2009.) KANSAS CITY, M0. — Kansas City Southern’s Board of Directors declared a regular quarterly dividend of 25 cents per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable...
DOT stimulus spending nears $5 billion
(The following story by John D. Boyd appeared on The Journal of Commerce website on November 10, 2009.) WASHINGTON, D.C. — The Department of Transportation by Oct. 23 had approved $30 billion in project spending under the stimulus law, and cut checks totaling $4.85...
Goodwill and holiday spirit runs Kansas City Southern’s ninth annual Holiday Express
(Kansas City Southern issued the following on November 10, 2009.) KANSAS CITY, Mo. — In its ninth annual run, Kansas City Southern’s (NYSE: KSU) (KCS) Holiday Express train will bring Santa Claus and his elves on 23 dates to 22 communities in eight states throughout...
BNSF chief waives compensation clause in Berkshire Hathaway deal
(The following story by John D. Boyd appeared on The Journal of Commerce website on November 10, 2009.) WASHINGTON, D.C. — The planned purchased of BNSF Railway by Warren Buffett’s Berkshire Hathaway will not trigger a special compensation package for the railroad’s...