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Daily Headlines
UP to announce third quarter earnings on October 22
(Union Pacific issued the following on September 24, 2009.) OMAHA, Neb. — In conjunction with Union Pacific Corporation’s (NYSE:UNP - News) Third Quarter 2009 Earnings Release, you are invited to listen to its presentation that will be broadcast live over the Internet...
Hi-Line train derails between Wolf Point, Poplar
(The following story by Richard Peterson appeared on The Great Falls Tribune website on September 27, 2009.) WOLF POINT, Mont. — More than 40 crewmembers worked through the night in hopes of reopening a rail line today after 13 cars from a BNSF Railway Co. train...
CP looks at new $400M rail tunnel to Detroit
(Canwest News Service circulated the following on September 28, 2009.) OTTAWA — Canadian Pacific Railway has been quietly advancing plans for a new $400-million rail tunnel under the Detroit River and will probably start digging two years from now. A construction...
Railroads planning for economy to get back on track
(The following story by Leslie Wimmer appeared on the Fort Worth Business Press website on September 28, 2009.) FORT WORTH, Texas — Rows of locomotives are still parked at Union Pacific Railroad’s Davidson Rail Yard under the Hulen Street bridge in Fort Worth, waiting...
Second BNSF freight train derails within 24 hours
(The Associated Press circulated the following on September 27, 2009.) GILLETTE, Wyo. — A Burlington Northern Santa Fe train hauling coal in Wyoming has derailed, marking the second time within 24 hours that trains belonging to the railway company went off the tracks....
BNSF begins mandated cleanup on Whitefish River
(The following story by Lynnette Hintze appeared on the Daily Inter Lake website on September 27, 2009.) WHITEFISH, Mont. — BNSF Railway Co. will remove roughly 36,000 cubic feet of petroleum-contaminated sediment from the Whitefish River during the first phase of...
Bill to allow firearms aboard Amtrak has officials, riders on edge
(The following story by Tom Davis appeared on The Record website on September 26, 2009.) TRENTON, N.J. — Rail security in the New York metropolitan area may be in peril now that the U.S. Senate wants to allow firearms aboard Amtrak, officials and rail advocates say....
STB calculates rail industry’s cost of capital for 2008
(The U.S. Surface Transportation Board issued the following on September 25, 2009.) WASHINGTON, D.C. —The Surface Transportation Board announced today that it has issued its decision calculating the railroad industry's cost of capital for 2008. In Railroad Cost of...
Bombardier is rolling, but can it take off?
(The following story by Scott Deveau appeared on the Financial Post website on September 26, 2009.) OTTAWA — Bombardier Inc. has been on a roll. The Montreal plane and train maker has not only broken ground on its new CSeries facility this month, there are signs that...
Getting the grain on the train
(The following story by Matt Bewley appeared on the Agweek website on September 28, 2009.) ERSKINE, Minn. — Capacity is king at the Erskine (Minn.) Grain Terminal in northwestern Minnesota. Dumping capacity, drying capacity, storage capacity and rail car capacity all...
