Rail Industry News
Norfolk Southern 3Q 2012 profit falls 27 percent from 3Q 2011
(Source: Virginian Pilot, October 24, 2012) NORFOLK, Va. — Norfolk Southern Corp. on Tuesday reported that third-quarter profit fell 27 percent from the same period a year ago. Full story Virginian Pilot
Mitt Romney’s tax dodge
(Source: Rolling Stone, October 12, 2012) How does a private-equity kingpin worth at least $250 million pay a lower tax rate — just 14 percent — than many teachers and firemen? By exploiting tax loopholes that favor the rich and hiding his money in the world's most...
VP Biden chats on phone with thousands of Teamsters
(Source: Teamster Nation, October 24, 2012) Vice President Joe Biden joined thousands of Teamsters on a phone call last night, along with General President Jim Hoffa and General Secretary-Treasurer Ken Hall. The topic: How important the Nov. 6 election is to union...
Union Pacific’s one-of-a-kind equipment expedites track renewal
(Source: Omaha World-Herald, October 23, 2012) OMAH, Neb. — Union Pacific's modern track renewal train called the TRT 909 — the only one in North America — is replacing rail and installing concrete ties on a 34-mile stretch of railroad that runs parallel to the...
Amtrak chairman reports Toledo has busiest Amtrak station in Ohio
(Source: Toledo Free Press, October 22, 2012) TOLEDO, Ohio — Toledo continues to have the busiest Amtrak passenger station in the state of Ohio, according to Amtrak Chairman Thomas Carper who was the keynote speaker at the Passenger Rail Forum held Oct. 22 in Toledo....
Ohio lacks passenger rail support, Amtrak Chairman says
(Source: Toledo Blade, October 23, 2012) TOLEDO, Ohio — Ridership has "exploded" on several Illinois routes after the state government agreed to pay for additional trains, the passenger-train company's chairman told a luncheon rail forum Monday at the Toledo Club. But...
SEPTA’s new rail cars have joined the fleet, but there’s no money for more
(Source: Philadelphia Inquirer, October 23, 2012) PHILADELPHIA — Now that SEPTA has finally received most of its 120 new Silverliner V rail cars, the transit agency faces another major issue: when to replace the cars' aging predecessors, the 231 Silverliner IVs that...
Hoffa on third debate: President stands up to China, for auto workers
(Source: Official statement of Teamsters General President Jim Hoffa, October 23, 2012) WASHINGTON, D.C. — "Last night’s debate offered a clear view into the differences between President Obama and Mitt Romney on issues of importance to working families. Romney's weak...
In a natural gas glut, big winners and losers
(Source: New York Times, October 20, 2012) NEW YORK — The nation is awash in so much natural gas that electric utilities, which burn the fuel in many generating plants, have curbed rate increases and switched more capacity to gas from coal, a dirtier fossil fuel....
AAR: Intermodal volume up 2.6 percent over 2011 for week ending October 13
(Source: Association of American Railroads press release, October 18, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending October 13, 2012, with U.S. railroads originating 285,089 carloads,...
Railroad stocks mixed at close of October 19 trading
(Source: Associated Press, October 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 19, including CSX, which fell 1.2 percent, and Kansas City Southern, which rose 1.4 percent. Full story: CBS News
Atlas Air/Polar Air Cargo Teamsters reach tentative agreement
(Source: International Brotherhood of Teamsters press release, October 19, 2012) NEW YORK — Negotiators for the flight dispatchers of Atlas Air and Polar Air Cargo, represented by the Airline Division of the International Brotherhood of Teamsters, announced this...
Teamsters applaud signing of Military Commercial Driver’s License Act
(Source: International Brotherhood of Teamsters press release, October 19, 2012) WASHINGTON, D.C. — Teamsters across the country are applauding President Barack Obama’s signing into law today of the Military Commercial Driver’s License Act of 2012. The demand for...
Amtrak board chief makes Toledo stop for speech at forum
(Source: Toledo Blade, October 22, 2012) TOLEDO, Ohio — The chairman of Amtrak’s Board of Directors will be the featured speaker at a passenger-rail forum scheduled today at the Toledo Club. Thomas Carper, appointed to the Amtrak board in 2008 by President George W....
Illinois Amtrak train hits 110 mph in test run
(Source: Associated Press, October 19, 2012) CHICAGO — In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph on Friday. Full story: CBS...
Amtrak train from Chicago derails in Michigan, no life-threatening injuries reported
(Source: Chicago Sun-Times, October 21, 2012) CHICAGO — An Amtrak train headed from Chicago to Pontiac, Mich., with 178 people onboard derailed Sunday morning two miles east of Niles, Mich. No life-threatening injuries were reported, according to Amtrak. Full story:...
Union Pacific taps shale oil to offset coal
(Source: MarketWatch, October 22, 2012) SAN FRANCISCO — Hauling coal to the nation’s power plants for the nation’s railroads. So when volumes tumble in the face of an oversupplied market, what takes its place? Apparently shale or, more specifically, what can be...
Stimulus funds provided impetus to get BNSF bridge project completed
(Source: The Hawk Eye, October 19, 2012) BURLINGTON, Iowa — Behind the gray clouds and spitting rain, there was a silver lining shining down Thursday morning on the Port of Burlington. Or maybe, a weathered-steel lining. A couple hundred BNSF workers and community...
KCS reports dip in quarterly profits but higher revenue
(Source: Kansas City Star, October 19, 2012) KANSAS CITY, Mo. — Kansas City Southern, on Friday reported quarterly earnings that trailed analysts’ estimates as revenue from coal and grain shipments declined. The Kansas City-based company reported net income of $90...
Supply and demand: Coal prices vs. natural gas prices
(Source: Seeking Alpha, October 16, 2012) Natural gas prices have started to move upwards in recent weeks. The trend is expected to continue, and as natural gas prices increase, it will lose its competitive edge against coal. When the natural gas price fell below $3,...
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