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Daily Headlines
RailAmerica completes $2.2 million in asset sales
BOCA RATON, Fla. -- RailAmerica, Inc., the world's largest operator of short line and regional freight railroads, announced on December 28 that it has completed two asset sale transactions totaling $2.2 million. The proceeds from these transactions will be used to...
Midday train can’t take all comers
FORT WORTH, Texas -- At least 100 people were left behind by a jampacked Trinity Railway Express train on its Thursday midday run out of Fort Worth, victims of a commuter car shortage and unanticipated crowds, the Fort Worth Star-Telegram reports. Regular commuters...
Rail-line foes file appeal of ruling
SEATTLE -- Despite big setbacks, foes of a proposed light-rail line through Seattle's Rainier Valley haven't given up their legal battle against Sound Transit, the Seattle Times reports. Save Our Valley has asked a federal appeals court to overturn part of U.S....
RailAmerica sells Minnesota railroad for $7.6 million
BOCA RATON, Fla. -- RailAmerica, Inc. announced on December 27 that it has entered into an agreement for the sale of its 44-mile Dakota Rail Railroad (DAKR) to Hennepin County Regional Rail Authority for total consideration of $7.6 million. The rail line runs between...
Freight traffic increases on U.S. railroads
WASHINGTON, D.C. -- Both intermodal and carload freight showed increases on U.S. railroads during the week ended December 22 in comparison with the corresponding week last year, the Association of American Railroads (AAR) reported December 27 on its website. But that...
Heavy snow slows NS in Buffalo
NORFOLK, Va. -- A continuing pattern of lake-effect snow off of Lake Erie is impacting Norfolk Southern operations in the Buffalo metro area, the railroad said in a news release. Following heavy accumulations on Christmas Eve, the latest snow event has dropped nearly...
High court favors train victim
HELENA, Mont. -- Trains must sound a warning when approaching all railroad crossings and a judge was wrong to limit the requirement to public crossings, the state Supreme Court has ruled in a case involving a train collision, a wire service reports. The unanimous...
Revised 2002 Railroad Retirement payroll taxes
CHICAGO -- The Railroad Retirement and Survivors' Improvement Act of 2001, signed into law by President Bush on December 21, 2001, among other provisions, amended the Internal Revenue Code to reduce tier II railroad retirement tax rates on rail employers, including...
Congress votes to excuse Amtrak
WASHINGTON -- Congress has voted to excuse Amtrak from drafting a plan for its own liquidation, a burden the railway said was hurting its relationship with other companies, a wire service reports. The defense appropriations bill for 2002 that Congress, approved on...
Shortlines play big role
DILLWYN, Va. -- Robert Bryant knew the Buckingham Branch rail line in rural Virginia was losing money, a wire service reports. Trees and brush were crowding the line, the track was deteriorating and its railroad-giant owner, CSX Inc., was ready to abandon it. But...
