Rail Industry News
Video: Hoffa speaks to Michigan Teamsters at GOTV rally
(Source: International Brotherhood of Teamsters press release, October 17, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa urged members to vote for labor-friendly candidates and 'Yes on Proposal 2' during a get out the vote rally in Detroit, Mich. on...
How China builds so many trains so quickly: Exposing the underside of China’s high-speed rail boom
(Source: The New Yorker, October 22, 2012) NEW YORK — A recent article in the New Yorker describes how a major disaster exposed the underbelly of China's recent high-speed rail boom, explaining how the country relied heavily on pre-existing German designs and how...
Romney taps former Bush policymakers for transportation advice
(Source: Politico, October 11, 2012) Mitt Romney isn’t talking much about roads, runways or bridges — but behind the scenes he’s engaged a brain trust of transportation advisers who are. The people advising him — though Romney’s campaign stresses that the team is...
Pa. House Bill 2626 will give workers’ tax payments to their employers
(Source: The Patriot-News, October 17, 2012) HARRISBURG, Pa. — Few of us like paying taxes, including state income taxes. But when we see that deduction on our pay stub, at least we have the comfort of knowing we are supporting schools and universities, roads and...
CSX 3Q 2012 profit dips slightly from 2011 on volume shift
(Source: Associated Press, October 16, 2012) OMAHA, Neb. — CSX Corp. reported a 2 percent dip in its third-quarter profit and revenue because of a volume shift, and fuel surcharge revenue declined. The railroad made $455 million, or 44 cents per share, which is down...
Obama strikes back in second debate, putting Romney on the ropes with fiery performance
(Source: Mother Jones, October 16, 2012) On Tuesday night, at the town hall-style debate at Hofstra University, a fierce and passionate President Obama challenged Mitt Romney repeatedly: On Romney's tax plan (whatever it may be). On Romney's crass effort to politicize...
As Romney repeats trade message, Bain maintains China ties
(Source: Truth-Out.org, October 13, 2012) On the campaign trail Romney says we shouldn't ship jobs to China and should "crack down" on China trade problems. But he refuses to help or even meet with the Sensata workers whose jobs are being shipped to China right now....
At the Vice Presidential debate, Ryan told 24 myths in 40 minutes
(Source: Think Progress, October 12, 2012) Paul Ryan spoke for 40 of the 90 minutes during Thursday night’s vice presidential debate and managed to tell at least 24 myths during that time. Full story: Think Progress
Railroad stocks mixed at close of October 15 trading
(Source: Associated Press, October 15, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 15, including, Norfolk Southern, which rose 0.5 percent, and Union Pacific, which fell 0.1 percent. Full story: CBS News
BNSF to mark new bridge in Burlington, Iowa
(Source: Railway Age, October 15, 2012) NEW YORK — According to Railway Age, BNSF Railway will celebrate the completion of its new railroad bridge over the Mississippi River at Burlington, Iowa, with a public ceremony and reception on Thursday, October 18. Full story:...
Earnings preview: Union Pacific Railroad 3Q 2012
(Source: Forbes, October 15, 2012) NEW YORK — Expectations have dropped for Union Pacific‘s (UNP) third quarter results in the month leading up to the company’s earnings announcement slated for Thursday, October 18, 2012. The consensus analyst estimate has dropped...
NJ Transit still paying price for canceled Hudson River rail tunnel
(Source: The Star-Ledger, October 16, 2012) NEWARK, N.J. — NJ Transit doesn’t have much to show for it, but the agency is still paying out millions of dollars in closing costs for the aborted plan to dig a commuter rail tunnel to Manhattan. Full story: The...
Texas begins two-year study of need for rail service to Oklahoma
(Source: Associated Press, October 16, 2012) AUSTIN — Texas transportation officials have begun a study into whether high-speed rail from Oklahoma City to San Antonio could relieve traffic congestion on Interstate 35. Full story: Dallas Morning News
Kansas City Southern reaches 125th anniversary in good stead
(Source: Progressive Railroading magazine, October 16, 2012) In the past 125 years, Kansas City Southern leaders have made a number of important decisions that helped the Class I survive and thrive. But the ones made at night by two former top executives might have...
Hunter Harrison shuffles team at CP Rail in quest for speed
(Source: Bloomberg News, October 15, 2012) NEW YORK — Hunter Harrison is following through on his pledge to instill a “sense of urgency” and “speed things up” at North America’s least-efficient major railroad. In the past month, Canadian Pacific Railway Ltd. (CP)’s...
Canadian Auto Workers, CEP join forces to create Canadian mega-union
Canadian Auto Workers, CEP join forces to create Canadian mega-union (Source: Canadian Press, October 15, 2012) OTTAWA — A second union approved plans to create Canada’s biggest private sector union in a vote on Monday, promising to revitalize the labor movement with...
Koch brothers are warning their workers to vote for Romney — or else
(Source: Teamster Nation, October 15, 2012) Just when you thought corporations couldn't have any more control over their workers, you learn billionaire CEOs are threatening their employees with layoffs if they don't vote for Mitt Romney. The Koch brothers, through the...
Opinion: Death by ideology
(Source: New York Times, October 15, 2012) NEW YORK — Mitt Romney doesn’t see dead people. But that’s only because he doesn’t want to see them; if he did, he’d have to acknowledge the ugly reality of what will happen if he and Paul Ryan get their way on health care....
Railroad stocks up at close of October 12 trading
(Source: Associated Press, October 12, 2012) NEW YORK — Shares of some top railroad companies were up at the close of the close of trading on October 12, including CSX, which rose 0.7 percent, and Kansas City Southern, which rose 1.0 percent. Full story: CBS News
Union Pacific to make Nebraska infrastructure improvements
(Source: Union Pacific Railroad press release, October 10, 2012) OMAHA, NEB. — Union Pacific Railroad is enhancing Nebraska's transportation infrastructure by investing more than $29 million in the rail line that runs between Grand Island and Havens. The project is in...
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