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Daily Headlines
CSX activist steadfast in its attempt to “revive” stock
(The following story by Claudia Montoto appeared on the Financial Times website on October 30.) NEW YORK — Although the fad of potential rail LBO’s seems to have subsided, CSX activist shareholder TCI continues to push for internal changes. According to industry...
BNSF execs train eyes on selling
(The following story by Alexander Eule appeared at Barrons.com on October 31.) NEW YORK — Warren Buffett might be the country’s most renowned stockpicker, but when it comes to railroad giant Burlington Northern Santa Fe, insiders aren't punching the same ticket. The...
STB proposes new rules to address “paper barriers”
(The U.S. Surface Transportation issued the following on October 30.) WASHINGTON, D.C. — The Surface Transportation Board (Board) today issued its decision in Rail Access and Competition Issues Renewed Petition of Western Coal Traffic League, STB Ex Parte No. 575...
EJ&E sale draws opposition
(The following story by Erik Potter appeared on the Gary Post-Tribune website on October 31.) GARY, Ind. — U.S. Rep. Pete Visclosky, D-Merrillville, plans to oppose the sale of EJ&E railroad to Canadian National due to what he calls a lack of cooperation from the two...
CN files application with STB to acquire EJ&E
(CN issued the following on October 30.) MONTREAL — CN today filed with the United States Surface Transportation Board (STB) its application seeking regulatory authorization to acquire the principal rail lines of the Elgin, Joliet & Eastern Railway Company (EJ&E). CN...
Amtrak ridership rises in Mich.
(The following story by Derek Wallbank appeared on the Lansing State Journal website on October 31.) LANSING, Mich. — The passenger train that runs through East Lansing got a little busier this year. Amtrak reported a 3.1 percent increase in ridership on the Blue...
Bill could revitalize Montana Amtrak routes
(The following story by Faith Bremner appeared on the Great Falls Tribune website on October 31.) WASHINGTON, D.C. — Amtrak soon may have to reconsider its decision 28 years ago to eliminate passenger rail service through southern Montana. Montana Democratic Sen. Jon...
Senate bill gives N.J. commuters a lift
(The following report by Herb Jackson appeared at NorthJersey.com on October 31.) Commuting by train from North Jersey into New York could become more reliable under a bill the Senate approved by a wide margin Tuesday providing $11.4 billion over the next six years...
Senate approves $11.4B for Amtrak over six years
(The Associated Press circulated the following by Jim Abrams on October 30.) WASHINGTON, D.C. — Money-losing Amtrak got a vote of confidence from the Senate on Tuesday with approval of a $11.4 billion bill to keep the national passenger railway running over the next...
U.S. Class I workforce shrinks slightly in September
(The following report appeared on the Progressive Railroading website on October 30.) After registering a small gain in August, the U.S. Class I workforce shrunk a tad in September. As of mid-September, the large roads employed a total of 166,068 people, a 0.5 percent...
