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Daily Headlines

NJ Transit set for record budget raid that governor criticized

(Source: Bloomberg, August 6, 2018) NEW YORK — New Jersey Transit is set to approve the biggest raid on its capital budget in history to fund day-to-day operations even after Governor Phil Murphy said the practice causes long-term damage. Full story: Bloomberg

US, BNSF settle lawsuit over damages from Montana derailment

(Source: Associated Press, August 3, 2018) BILLINGS, Mont. — BNSF Railway has agreed to pay the U.S. government $200,000 and spend up to $750,000 on road repairs to settle claims that the company failed to pay for damages caused by a 2011 train derailment in...

BNSF out to prove oil waste is safe

(Source: nwestiowa.com, August 4, 2018) DOON, Iowa — An effort to alleviate concerns brought a Burlington Northern Santa Fe Railway spokesman to N’West Iowa on Thursday. Citizens of Dickinson County became worried after discovering vegetation from the June 22 crude...

Contractors claim UP is delaying California bullet train project

(Source: Los Angeles Times, August 6, 2018) LOS ANGELES — The most ambitious rail project of California’s future is increasingly dependent on the cooperation of the very railroad that shaped the state’s past — and there are signs their relationship is growing...

Buffett’s Berkshire Hathaway reports a $12 billion profit in Q2 2018

(Source: Associated Press, August 4, 2018) OMAHA, Neb. — Berkshire Hathaway Inc. on Saturday reported a $12 billion second-quarter profit. Warren Buffett's conglomerate reported a profit of $4.87 per Class B share. A year ago, Berkshire reported $4.3 billion in net...

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