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Daily Headlines
Number of U.S. train derailments up
WASHINGTON, D.C. -- The number of train derailments grew by more than a quarter during the last five years, and the head of the National Transportation Safety Board called Thursday for more frequent and more detailed inspections, a wire service reported. Derailments...
NJ Transit derailment snarls morning rush
HARRISON, N.J. -- A commuter train derailed yesterday morning, halting service on NJ Transit's Midtown Direct line, according to a wire service report. The engine and front wheels of the second car of an eight-car train traveling between Dover and New York jumped the...
UP steams through Nebraska
GRAND ISLAND, Neb. -- One of the Union Pacific Railroad's two largest steam engines will chug and whistle through Grand Island and the Heartland area on Friday, the Grand Island Independent reports. Engine No. 3985, the world's largest operating steam locomotive, is...
KCS prices $200 million notes offering
KANSAS CITY, Mo. -- Kansas City Southern announced on June 5 that it had priced $200 million of senior notes due 2009 at par with a coupon of 71/2%. The notes will not be callable before maturity except that up to 35% may be redeemed using equity proceeds until 2005...
Federal officials outline plans to improve rail safety at Congressional hearing
WASHINGTON, D.C. -- The Federal Railroad Administrator, the Chairman of the National Transportation Safety Board, and representatives of rail labor and management appeared before a Congressional subcommittee on June 6 to outline needed safety improvements in the rail...
Ottawa may let competitors on CN, CPR track
OTTAWA -- The Canadian Transportation Agency is expected to rule soon on two cases that could have significant implications for the country's major railways, the National Post reports. Both cases involve questions of so-called "competitive access," and whether third...
Intermodal rail traffic up, carloads down in May
WASHINGTON D.C. -- U.S. intermodal rail traffic rose 9.4 percent (77,893 units) while rail carload traffic fell 1.8 percent (31,092 carloads) in May 2002 compared to May 2001, the Association of American Railroads (AAR) reported on its website. Intermodal rail traffic...
Switch error blamed for NJ Transit derailment
HARRISON, N.J. -- A supervisor directed a crowded commuter train to back up over an open switch, causing it to derail and creating massive delays Thursday morning for thousands of rail passengers between Morris County and New York, a wire service reported. The...
Amtrak faces shutdown in July, says new chief
WASHINGTON, D.C. -- The Washington Post reports that Amtrak's financial condition is so bad that the national passenger train system will have to shut down in July unless it gets a $200 million loan in the next three weeks, its new president said yesterday. David...
Congressional rail safety hearing to be broadcast on Internet
WASHINGTON, D.C. -- Railroad track safety concerns and recent train derailments, including incidents in Florida, California, and South Carolina, will be the topic of a Congressional subcommittee hearing today at 10 a.m. The House website is scheduled to provide a live...
