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KCS: Oil train reports could enable insider trading

(Source: McClatchy News Service, January 7, 2015_ WASHINGTON, D.C. — In a Dec. 29 letter to Texas Attorney General Greg Abbott, Kansas City Southern wrote that the state “should not disclose information to individuals that creates the potential for investment activity...

Grain trains not likely to benefit from Bakken slowdown

(Source: Billings Gazette, January 7, 2015) BILLINGS, Mont. — Oil production seems poised to decline. The number of active drilling rigs in North Dakota has fallen by 14 in the last three weeks, according to the Bismarck Tribune. The price per barrel for oil hit a...

Low oil prices unlikely to hurt railroads

(Source: Associated Press, January 2, 2015) OMAHA, Neb. — The stunning collapse in oil prices over the past several months won’t derail the railroads’ profit engine even if it does slow the tremendous growth in crude shipments seen in recent years Full...

Kansas derailment raises rail safety questions

(CBS News, January 3, 2015) NEW YORK — In a news release Friday, the NTSB said a green LED light was so bright it out-shined the old-fashioned, incandescent red stoplight nearby. The engineer accelerated, plowing into an oncoming train. The NTSB now wants all...