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Daily Headlines
With rail freight expected to increase through Waco, talk grows of moving tracks outside city center
(The following story by J.B. Smith appeared on the Tribune-Herald website on March 24, 2009.) WACO, Texas — Up to 20 times a day, freight trains cut downtown Waco in half. They stop traffic, rattle windows and block access to police cars and ambulances between the...
Severe weather causes damage, derails UP train near Missouri Valley
(The following story by Dave Roberts appeared at www.Action3news.com on March 24, 2009.) HARRISON COUNTY, Iowa — Severe weather ripped through Harrison County, Iowa causing damage and injuries. Three tractor trailers tipped over during the worst of it; one of those...
BNSF’s KC intermodal facility raises questions in Galesburg
(The following story by John R. Pulliam appeared on The Register-Mail website on March 23, 2009.) GALESBURG, Ill. — As development of a $750 million intermodal facility is put on hold in suburban Kansas City, the question arises again whether such a facility will ever...
Red River floods disrupt rail shipments of grain
(Reuters circulated the following story by Rod Nickel on March 24, 2009.) SASKATOON, Saskatchewan — The rising Red River, still days ahead of cresting at its headwaters, already is forcing some grain shipments by rail to find new, slower paths to market. Burlington...
Kansas City Southern to raise $275 million through debt, equity sales
(The Associated Press circulated the following on March 23, 2009.) KANSAS CITY, Mo. — Regional railroad operator Kansas City Southern says it plans to raise up to $275 million through debt and equity sales as the economy hurts traffic along its rail lines. The Kansas...
Hohn is last man standing at TCI
(The following story by James Mackintosh appeared on the Financial Times website on March 23, 2009.) LONDON — The last founding partner of The Children’s Investment Fund still working with Chris Hohn, manager of the $9.5bn London hedge fund, has left. Snehal Amin, an...
Amtrak’s Acela ridership plunges 17% in February
(Bloomberg News circulated the following story by Angela Greiling Keane on March 23, 2009.) WASHINGTON, D.C. — Amtrak said ridership on its high- speed Acela train line plummeted 17 percent in February from a year earlier, a fifth straight monthly decline, as the...
Transit security: CTA says it’s on slow train for terrorist alerts
(The following story by Jon Hilkevitch appeared on the Chicago Tribune website on March 24, 2009.) CHICAGO — The Chicago Transit Authority is waiting for the necessary federal approvals to receive highly sensitive security information, including tips about potential...
Benefits under Railroad Retirement and Social Security
(The U.S. Railroad Retirement Board issued the following on March 10, 2009.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...
N.C. Railroad seeks commuter train numbers
(The following story by Bruce Siceloff appeared on the News & Observer website on March 23, 2009.) RALEIGH, N.C. — We can build it, but how many will come? N.C. Railroad says it will commission a commuter train ridership and market study for the 140-mile rail corridor...
