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Daily Headlines
New rail spurs coming to CSX-served coal facility in Kentucky, Canadian iron-ore processing plant in Quebec
(The following appeared on the Progressive Railroading website on November 2, 2009.) North American Gem Inc. recently obtained an agreement to enter into an open-ended lease with Safeco Inc. to operate a CSX Transportation-served coal preparation and rail loading...
Amtrak unveils new long-term strategic, financial plans
(The following appeared on the Progressive Railroading website on November 2, 2009.) Late last week, Amtrak released a new strategic guidance and five-year financial plan that aim to continue ridership growth and position the national intercity passenger railroad to...
Big mess to fix at Glenview-area derailment site
(The following story by Marni Pyke appeared on the Daily Herald website on November 2, 2009.) CHICAGO — As the cleanup from Sunday's train derailment on the border of Northbrook and Glenview continues, one official said Monday the incident could have been much worse...
KCS bypass plans moving slower than expected
(The following story by David Tewes appeared on the Victoria Advocate website on November 3, 2009.) VICTORIA, Texas — Kansas City Southern announced a year ago a $20 million rail bypass plan for Victoria and El Campo, but state and county officials said they've seen...
NS announces $11 million investment in Philly Navy Yard intermodal facility
(Norfolk Southern issued the following on November 2, 2009.) PHILADELPHIA, Pa. — Norfolk Southern and the Commonwealth of Pennsylvania are investing $11 million in the railroad’s Philadelphia Navy Yard intermodal facility to expand track and parking capacity. The...
S. Phila. rail yard expansion part of planned Crescent Corridor
(The following story by Linda Loyd appeared on the Philadelphia Inquirer website on November 3, 2009.) PHILADELPHIA — Norfolk Southern Corp. is expanding its rail yard at the Navy Yard in South Philadelphia by 15 acres as part of an eventual 2,500-mile, high-speed...
SEPTA workers strike; thousands caught off guard
(The following story by Robert Moran and Melissa Dribben appeared on the Philadelphia Inquirer website on November 3, 2009.) PHILADELPHIA — Hundreds of thousands of commuters scrambled this morning to find a way to work or school after SEPTA's largest union staged a...
Rail companies up after Berkshire-BNSF offer
(Reuters circulated the following on November 3, 2009.) NEW YORK — Shares of U.S. rail companies rallied in premarket trading on Tuesday, after Berkshire Hathaway (BRKa.N) agreed to buy Burlington Northern Santa Fe (BNI.N) for $100 per share in cash and stock....
Berkshire Hathaway press release on BNSF transaction
(Berkshire Hathaway Inc. issued the following on November 3, 2009.) FORT WORTH, Texas and OMAHA, Neb. — The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Burlington Northern Santa Fe Corporation (BNSF; NYSE: BNI) today announced a definitive...
Warren Buffett’s Berkshire to buy Burlington Northern for $34 billion
(The following appeared on the New York Times website on November 3, 2009.) NEW YORK — Berkshire Hathaway, the investment vehicle of Warren E. Buffett, said on Tuesday that it plans to buy the 77.4 percent of Burlington Northern it doesn’t already own for $34 billion...
