Rail Industry News
Amtrak cancels Tuesday service throughout the Northeast due to Hurricane Sandy
(Source: Associated Press, October 30, 2012) WASHINGTON, D.C. — Amtrak says it has canceled all Tuesday service in the Northeast due to high winds and heavy rain from Hurricane Sandy. Full story: www.cbs12.com
Romney’s 9-point plan to annihilate unions
(Source: In These Times, October 24, 2012) Labor leaders have painted a stark picture of what might lie ahead should Romney win. Overheated rhetoric is a hallmark of every campaign season. But the GOP’s and Romney’s positions on labor and collective bargaining—from...
New Orleans sees revival of historic streetcars
(Source: Reuters, October 27, 2012) NEW ORLEANS — New Orleans, once crisscrossed by sprawling streetcar lines, is embracing anew the rumbling reminder of the city's storied and elegant past by restoring old lines and seeking to build new ones. In January, a mile-long...
Oregon rail line sees rebirth after four years
(Source: Associated Press, October 28, 2012) COOS BAY, Ore. — When the railroad closed, hundreds of jobs vanished. Engineers had to find other rail companies. Business that relied on rail to transport goods contracted, some considered closing. Full story: San...
Federal regulators allow BNSF to take over short line
(Source: Lincoln Journal Star, October 26, 2012) LINCOLN, Neb. — The Surface Transportation Board has issued a decision that allows BNSF Railway Co. to acquire and operate a 120.4-mile line between Ferry Station and O'Neill, Neb., owned by Nebraska Northeastern...
Opinion: The new pledge that Congress should take
(Source: Politico, October 26, 2012) Our nation’s Legislature is utterly paralyzed, deadlocked over issues big and small as the United States tumbles closer to a dangerous fiscal cliff. In the meantime, many members of Congress have blithely signed pledges that they...
Romney-Ryan’s real poverty plan: Soak the poor
(Source: Mother Jones, October 26, 2012) So what would Mitt Romney and Paul Ryan do for the poor and the working class if they were elected? Romney's priorities really are pretty stark: He wants to cut taxes on the rich and cut spending on the poor. That's Romney's...
MARC commuter rail suspends service on all 3 lines due to incoming hurricane
(Source: Associated Press, October 28, 2012) WASHINGTON, D.C. — The MARC commuter rail service will not operate on what would normally be the first day of the work week because of the incoming hurricane. Full story: Washington Post
LIRR to suspend service before Hurricane Sandy
(Source: Long Island Press, October 28, 2012) LONG ISLAND, N.Y. — Long Island Rail Road service will be suspended system-wide as of 7 p.m. Sunday along with the rest of the trains, buses and subways run by the MTA before Hurricane Sandy hits the region, officials...
NJ Transit, PATH, SEPTA to suspend operations
(Source: New Jersey 101.5, October 28, 2012) NJ Transit, SEPTA and PATH will suspend operations in anticipation of Hurricane Sandy. Full story: www.nj1015.com
Amtrak cancels most services for Monday throughout U.S. northeast ahead of Hurricane Sandy
(Source: Associated Press, October 29, 2012) WILMINGTON, Del. — Amtrak says it is canceling service across the northeastern U.S. on Monday as Hurricane Sandy threatens to create a wet, windy mess in the region. Full story: Washington Post
Mass transit shut down in N.J., N.Y. as Hurricane Sandy closes in
(Source: The Star-Ledger, October 29, 2012) NEWARK, N.J. — New Jersey and New York suspended mass transit in advance of the storm, creating an eerily empty feeling in some of the world's busiest hubs. Full story: The Star-Ledger
Canadian Pacific announces improved 3Q 2012 results
(Source: Canadian Pacific Railway press release, October 24, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its third-quarter 2012 results with reported net income of $224 million, an increase of $37 million, or 20 percent and diluted...
CN reports 3Q 2012 net income of C$664 million, or C$1.52 per diluted share
(Source: Canadian National press release, October 22, 2012) MONTREAL — CN today reported its financial and operating results for the third quarter and nine-month period ended Sept. 30, 2012. Third-quarter 2012 highlights: • Net income was C$664 million, or C$1.52 per...
Norfolk Southern reports third-quarter 2012 results
(Source: Norfolk Southern press release, October 23, 2012) NORFOLK, Va. — For the third quarter of 2012, Norfolk Southern reported net income of $402 million, or $1.24 per diluted share, 27 percent lower compared with $554 million, or $1.59 per diluted share, in the...
Kansas City Southern reports record quarterly revenues and operating ratio of 68.7% in 3Q 2012
(Source: Kansas City Southern press release, October 19, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record third quarter 2012 revenues of $577 million, an increase of 6% over third quarter 2011 on a 7% increase in carloads. Third quarter 2012...
Union Pacific reports best-ever quarterly results
(Source: Union Pacific press release, October 18, 2012) OMAHA, Neb. — Union Pacific Corporation reported 2012 third quarter net income of $1 billion, or $2.19 per diluted share, compared to $904 million, or $1.85 per diluted share, in the third quarter 2011. Third...
CSX announces third quarter 2012 results
(Source: CSX press release, October 16, 2012) JACKSONVILLE, Fla. – October 16, 2012 – CSX Corporation today announced third quarter net earnings of $455 million, down 2 percent when compared to the $464 million reported in the same period last year. Despite this...
This Halloween, give Teamster-made candy
(Source: International Brotherhood of Teamsters Magazine, October 23, 2012) WASHINGTON, D.C. — Halloween is next week, and if you haven’t already bought loads of candy, now is your chance to support your Teamster brothers and sisters with Teamster-made treats. Dum Dum...
Railroad stocks mixed at close of October 25 trading
(Source: Associated Press, October 25, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 25, including Canadian National, which rose 0.1 percent, and Canadian Pacific, which fell 1.1 percent. Full story: CBS News
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