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Daily Headlines
Buy outs and Railroad Retirement Benefits
(The U.S. Railroad Retirement Board issued the following on July 29, 2009.) CHICAGO — Railroad employees frequently ask the Railroad Retirement Board how the acceptance of a buy-out from a railroad employer affects their future eligibility for benefits under the...
2009 Railroad Retirement Board Informational Conferences
CHICAGO — The U.S. Railroad Retirement Board holds free information conferences for railroaders. Conference registration begins at 8 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. The U.S. Railroad Retirement Board holds free...
Canadian Pacific upgraded at RBC
(Scott Deveau of the National Post) While the recession has certainly beaten up the volumes of Canadian Pacific Railway Ltd., it has also provided a much needed opportunity to strip some costs out of its operations as well. As its volumes start to recover in the...
Railroads companies shares mixed at the close of trading
(Associated Press 08/26/09 6:01 PM EDT) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern fell $1.11 or 1.3 percent, to $82.73. CSX fell $1.39 or 3.1 percent, to $43.05. Canadian National fell $.29 or .6 percent,...
Law OKs credit card payments for Metra fares
(Lake County News-Sun Staff Report) Legislation allowing Metra rail passengers to pay their fares using a credit card has been signed into law, state Sen. Michael Bond, D-Grayslake, said Tuesday. Senate Bill 577, sponsored by Bond, requires Metra to implement a system...
ARRA-funded Amtrak station work under way
(The following appeared on the Progressive Railroading website on August 26, 2009.) Yesterday, U.S. Transportation Secretary Ray LaHood and Sen. Arlen Specter (D-Pa.) helped break ground for major renovations to Amtrak’s Elizabeth, Pa., station. The project is funded...
SEPTA gets $49.9B in stimulus money for SE Pa.
(The Associated Press) PHILADELPHIA - U.S. Transportation Secretary Ray LaHood has announced an additional $50 million in federal stimulus money for transit projects in the Philadelphia area. LaHood announced $49.9 million in funding for the Southeastern Pennsylvania...
Secretary LaHood announces $189.8 million for transit
(The following article is from Railway Age – Rail Group News, August 26) Transportation Secretary Ray LaHood announced that 13 grants totaling $189.8 million in Recovery Act funds will go to improve state and local transit systems in the United States while supporting...
Shortline railroads keep American towns humming
(By Ben Dobbin - AP Business Writer) AVON, N.Y. After an hour of shunting rail cars aside, a 1964-vintage locomotive operated by Tim "Brown Dog" Carney nudges six hopper-loads down an embankment into a pasta factory. It's a routine delivery: 540 tons of semolina flour...
Ruling clouds funding outlook for high-speed rail project
(By Gary Richards and Jessica Bernstein-Wax Bay Area News Group / Staff writer Mike Rosenberg contributed to this story) SAN JOSE — California's proposed high-speed rail project hit a major bump Wednesday when a judge called into question a route that would bring the...
