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Daily Headlines
CP Rail hiked dividend 27.5 percent after strong first quarter
(Source: Canadian Press, May 7, 2019) CALGARY — Canadian Pacific Railway Ltd. has boosted its quarterly dividend by 27.5 per cent. The Calgary-based railway says the payout will increase to 83 cents from 65 cents and will be payable July 29 to shareholders of record...
Fire at NS yard in Chattanooga requires shutdown of 3 main lines
(Source: Television station WRCB, May 7, 2019) CHATTANOOGA, Tenn. — A Monday night fire at the Norfolk Southern Railyard at Scruggs and E. 3rd Street required four companies from the Chattanooga Fire Department. When firefighters arrived on the scene, they found a...
New class of locomotive engineers seen as antidote to NJ Transit woes
(Source: Associated Press, May 6, 2019) NEWARK, N.J. — The first of several new classes of New Jersey Transit railroad engineers is poised to take the throttle this summer, signaling a small step toward reducing the rampant train cancellations that plagued commuters a...
UP Big Boy locomotive leaves the shop and heads into history
(Source: Wyoming Tribune Eagle, May 4, 2019) CHEYENNE — The years-long journey to bring Big Boy 4014 back to life has finally come to an end, and a whole new generation will get to see a living piece of history traveling the rails starting today. Full story: Wyoming...
High-speed rail in the U.S. has new promise, and new pitfalls
(Source: Curbed, May 3, 2019) WASHINGTON, D.C. — During a press conference last month to announce that his multifaceted Virgin brand would be taking over a U.S. train line in Florida, British billionaire Richard Branson pointedly criticized the current state of rail...
Rochelle planning its own replacement for departing Union Pacific facility
(Source: MyStateline.com, May 3, 2019) ROCHELLE, Ill. — Rochelle city leaders were trying to soften the blow of Union Pacific leaving town, saying they've spent more than a decade preparing to give local companies other options. Full story: www.mystateline.com
Union Pacific investing $20 million at Santa Teresa station
(Source: Associated Press, May 4, 2019) SANTA FE, N.M. — State officials say Union Pacific Railroad is undertaking a $20 million project at its Santa Teresa Intermodal Terminal and Refueling Station in Santa Teresa, New Mexico. Full story: Albuquerque Journal
Police union says Amtrak cuts will jeopardize safety, security
(Source: New York Post, May 3, 2019) NEW YORK — Amtrak plans to cut its nation-wide payroll over the next three years — including potentially dangerous 20 percent reductions in its police force set to begin next month, The Post has learned. Full story: New York...
U.S.-China trade uncertainty weighs on grain volumes
(Source: Freight Waves, May 3, 2019) CHATTANOOGA, Tenn. — The uncertainty over whether and when the U.S. and China will reach a trade agreement this year is creating a cloudy outlook for grain volumes this fall. So far this year, U.S. grain shipments via rail are...
CSX CEO says company is operating “better than at any time in its history”
(Source: Jacksonville Daily Record, May 3, 2019) JACKSONVILLE, Fla. — CSX Corp.’s virtual shareholders meeting Friday morning was much shorter than the typical annual meeting for a major public company, at about 20 minutes. CEO James Foote, in his opening remarks,...
