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Daily Headlines
Rails running hot
(The following story by Ruthie Ackerman appeared at Forbes.com on June 5.) NEW YORK — Freight traffic increased in May, in another indication that the U.S. economy, while weak in some sectors, isn’t as bad as feared. Freight traffic rose 0.5% to 1.32 million carloads...
N.J. Senator questions overseas interest in CSX
WASHINGTON, D.C. — Sen. Robert Menendez is worried about foreign owners taking greater control of CSX Corp., a major U.S. freight railroad. The New Jersey Democrat and five other senators have written to the Bush administration, seeking an investigation into the...
AAR: U.S. rail carloads up, intermodal down in May
(The Association of American Railroads issued the following on June 5.) WASHINGTON, D.C. — Carload freight was up but intermodal volume was down on U.S. railroads during May in comparison with May 2007, the Association of American Railroads (AAR) reported today....
U.S. SEC rejects CSX’s arguments in TCI lawsuit
(Reuters circulated the following on June 5.) CHICAGO — The U.S. Securities and Exchange Commission has weighed in on a legal dispute between CSX Corp. and two money managers trying to wage a proxy fight at the company, saying it disagrees with the railroad's...
Benefit rate increase for railroad unemployment and sickness benefits
(The U.S. Railroad Retirement Board issued the following on June 2.) CHICAGO — The maximum daily benefit rate payable for claims under the Railroad Unemployment Insurance Act increases to $61 from $59 in the new benefit year, which begins July 1, 2008. Benefits are...
This train solves railways’ European pain
(The following story by Johan Anderberg of Fortune magazine appeared at CNN.com on June 5.) NEW YORK — It is an unusual sight to behold: Freight trains zipping through Europe, across country borders - and over myriad rail voltages and national train systems. The...
Boxcar blues
(The following story by Ruthie Ackerman appeared at Forbes.com on June 5.) NEW YORK — The railroad industry has too many railcars for its own good, and railcar manufacturers are suffering as a result. Railroads ramped up orders for railcars in recent years, as freight...
STB to hold hearing on railroads’ common carrier obligation and the transport of hazardous materials
(The U.S. Surface Transportation Board issued the following on June 4.) WASHINGTON, D.C. — The Surface Transportation Board (Board) today announced that it will hold a public hearing on July 16, 2008, to examine issues related to the common carrier obligation of...
Intermodal site foes speak out in Va.
(The following story by Tim Thornton appeared on the Roanoke Times website on June 4.) ROANOKE, Va. — Gov. Tim Kaine came to Radford University on Wednesday to talk about his transportation plan, and he did. But a contingent of Montgomery County residents came to talk...
Cleanup continues at Illinois train derailment
(The Associated Press circulated the following on June 4.) BARRY, Ill. — Crews still are clearing the aftermath of a train derailment involving roughly 33 rail cars near the western Illinois community of Barry in Pike County. Authorities still haven't pinpointed what...
