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Daily Headlines
KCS CFO Upchurch sells $151,650 in company stock
(Source: Tech News Observer, December 12, 2019) NEW YORK — Kansas City Southern CFO Michael W. Upchurch sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9. The shares were sold at an average price of $151.65, for a total...
Union Pacific EVP Whited sells $916,794 in company stock
(Source: DFS Caller, December 11, 2019) NEW YORK — Union Pacific Co. EVP Elizabeth F. Whited sold 5,342 shares of the firm’s stock in a transaction on Monday, December 9. The stock was sold at an average price of $171.62, for a total transaction of $916,794.04....
Amtrak faces its next chapter as railroad nears 50th anniversary
(Source: Progressive Railroading, December 10, 2019) As Amtrak heads toward the 50th anniversary next year of its creation, the nation’s only intercity passenger railroad does so in the best financial condition in its history. Full story: Progressive Railroading
Trial launches for man accused in armed confrontation with BNSF train crew
(Source: NCW Life, December 11, 2019) WENATCHEE — Trial opened Tuesday for a Chumstick Valley man accused of firing several gunshots to intimidate a crew of railroad workers. James Carl Brown, 45, allegedly fired three to five rounds from an M4 assault rifle in...
Judge dismisses Hyndman derailment lawsuit against CSX
(Source: Altoona Mirror, December 11, 2019) ALTOONA, Pa. — A federal judge has put a halt to a lawsuit filed by several residents of Hyndman Borough who were evacuated from their homes 28 months ago following a derailment of a CSX Transportation freight train,...
CEO optimism falls for 7th straight quarter: survey
(Source: Yahoo Finance, December 11, 2019) NEW YORK — CEOs grew less optimistic about the U.S. economy for the seventh straight quarter, according to a new survey. On Wednesday the Business Roundtable released its CEO Economic Outlook survey for the fourth quarter....
Weekly U.S. coal carloads climb 6.7% on week
(Source: S&P Global Platts, December 11, 2019) HOUSTON — Weekly U.S. coal carload originations totaled 72,402 in the week ended December 7, up 6.7% from the previous week, Association of American Railroads said Wednesday. But from the year-ago week, carloads was down...
Business CEOs throw support behind new NAFTA deal
(Source: The Hill, December 11, 2019) WASHINGTON, D.C. — An association of CEOs from major U.S. corporations officially endorsed the new U.S. trade agreement with Mexico and Canada on Wednesday and urged Congress to swiftly pass legislation to implement it. Lance...
1.5 million liters of crude oil spilled in CP Rail derailment
(Source: Global News, December 12, 2019) CALGARY — The Transportation Safety Board of Canada (TSB) released new details regarding the Canadian Pacific Railway train derailment near Guernsey, Sask. TSB said Wednesday its preliminary examination suggests 19 of the 34...
Derailed crude oil train cars in Saskatchewan leaked, ignited despite enhanced safety features
(Source: CBC News, December 11, 2019) CALGARY — The oil-carrying Canadian Pacific Railway train that derailed and lit up an area of rural Saskatchewan earlier this week was pulling modified tank cars meant to reduce the risk of puncturing and other damage during a...
