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Daily Headlines
Lipinski eyes aid for rail shipping
CHICAGO -- U.S. Rep. William Lipinski said Tuesday he will introduce legislation to raise federal gasoline taxes by up to $15 billion to pay for transportation improvements, including creation of a special fund to spur modernization of the freight railroad industry,...
Train derailment damages utility poles
SHREVEPORT, La. -- A train derailment early Tuesday morning in the 2200 block of Claiborne Street caused at least one railcar to leave the track, knocking down two utility poles, Shreveport police spokeswoman Kacee Hargrave said. The train was backing up to deliver...
Union Pacific CEO:4th quarter volumes so far down only 1% on year
DENVER -- Union Pacific Corp. Chief Executive Richard Davidson said the company's recent 15% increase in its dividend is a "clear message" about the good shape of the company and management's confidence in its future, reports Dow Jones Newswires. In a Webcast of a...
Union Pacific says property deal may add to Q4 net
OMAHA, Neb. -- According to Reuters, Union Pacific is negotiating a real estate sale that could add 16 cents a share to the No. 1 U.S. railroad's fourth-quarter earnings, the company's chief financial officer said on Tuesday. "All in all, we are looking at about $1.06...
RailAmerica to cut 145 jobs
BOCA RATON -- RailAmerica will cut 145 of its 2,800 employees as it struggles from the fallout of a severe drought in Australia and a soft economy in the United States, the Palm Beach Post reported. The layoffs include six employees at the company's Boca Raton...
Roger Nober designated Chairman of Surface Transportation Board
WASHINGTON, D.C. -- The Surface Transportation Board announced on December 3 that Roger Nober was designated Chairman of the agency by President George W. Bush, replacing Linda J. Morgan. The announcement follows the receipt of the official letter of designation from...
UP orders one million composite ties
HOUSTON -- North American Technologies Group, Inc., an innovative producer of composite-based products made from recycled raw materials, announced today it has received an order for one million of its patented TieTek(TM) railroad ties from Union Pacific Railroad. The...
N.C. competes for federal transit dollars
RALEIGH, N.C. -- Forget about the antitax activists and transit critics who say the Triangle Transit Authority's $721.9 million rail system should not get off the ground. The future of regional rail in the Triangle depends largely on 535 people, the vast majority of...
China preparing to unveil world’s fastest train
SHANGHAI, China -- Chinese and German engineers are rushing to prepare the world's first commercial magnetic levitation train for a debut run some time around New Year's Day, the Associated Press reported. The futuristic German-made "maglev'' train has begun trial...
Opponents ask court to curb Mexican trucks access to US
WASHINGTON -- Environmental, labor, and trucking industry groups together have requested an emergency stay to prevent Mexican trucks from transporting goods throughout the U.S., reports Dow Jones Newswires. The petitioners, including the International Brotherhood of...
