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Daily Headlines
Moody’s lowers freight rail industry outlook to negative for 2020
(Source: Freight Waves, November 4, 2019) CHATTANOOGA, Tenn. — Moody’s Investors Service has lowered its outlook for the North American freight rail industry to negative from stable amid expectations that overall freight volumes could fall by 1.75% to 3% over the next...
BNSF earnings increase, but Berkshire Hathaway’s Q3 2019 profits decline 11%
(Source: Associated Press, November 2, 2019) OMAHA, Neb. — Warren Buffett's company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash....
RRB Q&A: Railroad Retirement annuities and pensions from work not covered by Railroad Retirement or Social Security
(Source: Railroad Retirement press release, October 7, 2019) CHICAGO — Employee annuities paid under the Railroad Retirement Act are subject to dual benefit reductions when social security benefits are also payable, and they may be subject to reduction when certain...
Nov. 1, 1855: A bridge disaster derails St. Louis dream for a transcontinental railroad
(Source: St. Louis Post-Dispatch, November 1, 2019) ST. LOUIS, Mo. — On Nov. 1, 1855, the Pacific Railroad’s first train to Jefferson City left downtown bearing 600 prominent citizens. The railroad was a powerful expression of the city’s aspirations. Led by U.S. Sen....
Amtrak’s Hiawatha line to get new trains for Milwaukee-Chicago route
(Source: Milwaukee Journal Sentinel, October 31, 2019) MADISON, Wisc. — The Legislature's budget committee approved spending $13.2 million on new passenger train cars Thursday for Amtrak's Milwaukee-to-Chicago line. Full story: Milwaukee Journal Sentinel
Houston-Dallas high-speed rail project may hold lessons for San Antonio
(Source: Rivard Report, November 1, 2019) SAN ANTONIO, Texas — While a San Antonio-to-Austin rail line remains an unrealized dream, a high-speed rail line between Houston and Dallas is much closer to connecting the state’s two largest cities. Full story: Rivard...
Residents in this Alabama community are fed up with blocked railroad crossings
(Source: Times Daily, November 1, 2019) BARTON, Ala. — Residents of Pride Estates in eastern Colbert County are used to stopping at the railroad crossing near U.S. 72 for a passing Norfolk Southern freight train, but over the past few years, they've been frustrated by...
Virginia residents cry foul after Norfolk Southern train blocks only crossing into their neighborhood for four and a half hours
(Source: Television station WDBJ, November 1, 2019) BOTETOURT COUNTY, Va. — People in one Botetourt County neighborhood are fed up after stuck trains have left them stranded for hours at a time. Wednesday night, people who live off of Davis Road in Blue Ridge had to...
Railroad proposes shipping 500 million gallons of Minnesota groundwater a year to the Southwest
(Source: St. Paul Pioneer Press, November 1, 2019) ST. PAUL, Minn. — Could Minnesota water end up in the thirsty southwestern United States? In what is believed to be a first for Minnesota, the state has received a request from a small Lakeville railroad company...
Union Pacific reports PTC progress
(Source: Union Pacific press release, October 31, 2019) OMAHA, Neb. — Union Pacific implemented Positive Train Control (PTC) on 1,113 route miles in the third quarter of 2019, bringing required PTC-operated route miles to 15,791 or 93 percent, including all required...
