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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...
Fort Worth’s south-side residents, businesses oppose east-west rail trench
(The following story by Gordon Dickson appeared on the Fort Worth Star-Telegram website on August 4, 2009.) FORT WORTH, Texas — South-side residents and business owners say they don’t want any part of a proposed 2-mile-long railroad trench that would run east-west...
Gillespie district sues architect, railroad over school damaged by mine collapse
(The following story by Robert Kelly appeared on the St. Louis Post-Dispatch website on August 4, 2009.) GILLESPIE, Ill. — The school district here is suing the architect of the elementary school in nearby Benld that was wrecked by coal mine subsidence this spring....
UP train damages miles of tracks in S. Illinois, no one injured
(The following story by Tara Fasol-Chambers appeared on The Southern Illinoisan website on August 3, 2009.) JOHNSTON CITY, Ill. — A Union Pacific train did significant damage to the railroad track running through downtown in Johnston City Monday morning. City fire...
Four UP chemical tankers jump tracks near Galveston
(The following story by Chris Paschenko appeared on The Galveston County Daily News website on August 3, 2009.) TEXAS CITY, Texas — Four tankers containing hazardous chemicals derailed Monday in Texas City, but no chemical releases or injuries were reported, officials...
Montana Rail Link scrambles to reroute after rock slide
(The following story by Kim Briggeman appeared on the Billings Gazette website on August 3, 2009.) BILLINGS, Mont. — Things were pretty quiet around the Missoula train yard on Monday. A Montana Rail Link switch engine shuffled short strings of boxcars from one track...
New shares mean new capital for Kansas City Southern
(The following story by Mark Davis appeared on The Kansas City Star website on August 4, 2009.) KANSAS CITY, Mo. — Amid stabilizing equity markets, Kansas City Southern and Commerce Bancshares Inc. both raised capital by dribbling out new shares to investors. The...
Kansas City Southern issues $75 million in stock
(The following appeared on the Kansas City Star website on August 3, 2009.) KANSAS CITY, Mo. — Kansas City Southern said this morning it issued 4.3 million shares of common stock at an average price of $17.32 per share. The sale was valued at $75 million. The railroad...
House judiciary subcommittee OKs ‘rail antitrust’ bill, CURE says
(The following appeared on the Progressive Railroading website on August 3, 2009.) Last week, the House Judiciary Subcommittee on Courts and Competition Policy approved the Railroad Antitrust Enforcement Act of 2009 (H.R. 233/S. 146), according to Consumers United for...
Restoring Amtrak to Gulf Coast will be costly: 3 options, none cheap
(The following story by Sean Reilly appeared on the Press-Register website on August 3, 2009.) BIRMINGHAM, Ala. — Restoring passenger rail service from New Orleans along the Gulf Coast to Orlando will cost tens of millions of dollars and take a minimum of almost two...
