Rail Industry News
At VP debate, Biden goes all in on 47 percent
(Source: Mother Jones, October 11, 2012) Conspicuously absent from the first Presidential debate in Denver last week: Any mention, by President Obama, of the most damaging quote of his opponent's political career—Mitt Romney's dismissal of the 47 percent of Americans...
Mitt Romney’s real agenda
(Source: Rolling Stone, September 28, 2012) It was tempting to dismiss Mitt Romney's hard-right turn during the GOP primaries as calculated pandering. In the general election – as one of his top advisers famously suggested – Romney would simply shake the old Etch A...
BNSF checking railroad soils for lead, arsenic near Great Falls
(Source: Great Falls Tribune, October 10, 2012) GREAT FALLS, Mont. — Results will be used to determine whether residents are at risk and how much soil needs to be cleaned up, according to the EPA, which ordered BNSF to conduct the testing. Full story: Great Falls...
Tongue River Railroad reaches $2 million easement deal with Montana agency, but final decision delayed
(Source: Associated Press, October 10, 2012) BILLINGS, Mont. — A long-stalled coal railroad in southeastern Montana could get an easement through the state's Miles City fish hatchery in exchange for a $2 million payment into a conservation fund and a $25 million...
Walmart Black Friday strike: Workers threaten to ‘take action’ on retailer’s busiest day
(Source: Huffington Post, October 10, 2012) Employees at 28 Walmarts in 12 different cities walked out of work Tuesday, but things may get a whole lot worse for the biggest retailer in the U.S. come Black Friday. United Food and Commercial Workers' Making Change At...
The Ed Show: Hoffa calls out Romney on his latest transformation
(Source: International Brotherhood of Teamsters website, October 5, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa talks with Ed Schultz about Mitt Romney’s ever-changing positions following the first presidential debate. Watch the video:...
Hoffa urges Cincinnati Teamsters to vote ‘Yes on Issue 2’
(Source: International Brotherhood of Teamsters press release, October 10, 2012) CINCINNATI, Ohio — Teamsters General President Jim Hoffa called on hundreds of Teamsters to get out the vote on Nov. 6 and do their part to protect the middle class during a rally today...
Amtrak sets new ridership record; 31.2 million passengers best ever
(Source: Amtrak press release (PDF), October 10, 2012) WASHINGTON, D.C. — Amtrak carried more than 31.2 million passengers in Fiscal Year 2012 ending September 30, marking the highest annual ridership total since America’s Railroad® started operations in 1971 and the...
Railroad stocks down at close of October 9 trading
(Source: Associated Press, October 9, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on October 9, including CP Rail, which fell 0.6 percent, and Union Pacific, which fell 1.1 percent. Full story: CBS News
Earnings preview: CSX railroad’s 3Q 2012 report
(Source: Associated Press, October 9, 2012) JACKSONVILLE, Fla. — CSX Corp. will be the first major freight railroad to release third-quarter earnings when it reports next week, so investors will be looking for clues about the health of the industry and the economy....
Top NJ Transit executives get free cars for business, commuting
(Source: The Star-Ledger, October 10, 2012) NEWARK, N.J. — One day after announcing non-union employees would no longer be able to ride its buses or trains for free, NJ Transit disclosed Tuesday that four of its top executives are provided with cars for agency...
Natural gas could be cheaper, cleaner way to run a railroad
(Source: Houston Chronicle, October 9, 2012) HOUSTON, Texas — On a 300-mile stretch of railroad in the plains of eastern Alberta, a test train chugs across the landscape burning a fuel that once made sense only to environmentalists. It runs on natural gas. And today,...
Foreign-owned firm’s mega-donation to Romney super PAC raises legal red flags
(Source: PublicIntegrity.org, October 5, 2012) A million-dollar donation by a foreign-owned corporation to a Republican super PAC has raised legal concerns and opened up the controversial Citizens United Supreme Court decision to new criticism. Full story:...
Opinion: What kind of future should Amtrak have?
(Source: Railway Age, October 9, 2012) NEW YORK — Columnist Larry Kaufman argues against a double standard that says Amtrak should be out of the long-distance train operating business while others modes of transportation (and businesses) are getting significantly...
Amtrak ridership hits record high even as Republicans call for eliminating federal subsidies
(Source: Associated Press, October 9, 2012) WASHINGTON, D.C. — Amtrak trains carried 31.2 million passengers in the fiscal year ending in September, the highest annual ridership since the railroad was formed in 1971. At the same time ridership has been increasing,...
Opinion: The shrinking of our middle class is no accident
(Source: Column by James P. Hoffa, General President, International Brotherhood of Teamsters, published in The Detroit News on October 10, 2012.) WASHINGTON, D.C. — If you’re lucky enough to have a job, but you feel like you’re working harder than ever, your paycheck...
Hoffa rallies Teamsters in Los Angeles, San Jose to vote ‘No On Prop 32’
(Source: International Brotherhood of Teamsters press release, October 6, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa traveled across California to attend union rallies in Los Angeles and San Jose and get out the vote to defeat Proposition 32, a...
Bakken boom saves U.S. railroads amid coal slump
(Source: Reuters, October 5, 2012) LONDON — The booming business of transporting Bakken crude has thrown a lifeline to U.S. railroads, at a time when shipments of coal, their main commodity by volume, have fallen sharply. Full story: Reuters
Presidential debate follow-up: Romney told 27 myths in 38 minutes
(Source: Think Progress, October 4, 2012) Pundits from both sides of the aisle have lauded Mitt Romney’s strong debate performance, praising his preparedness and ability to challenge President Obama’s policies and accomplishments. But Romney only accomplished this...
NJ Transit to pull free passes for nonunion employees
(Source: Asbury Park Press, October 9, 2012) NEWARK — NJ Transit on Monday announced plans to end a long-standing industrywide practice allowing transit employees unlimited free travel for nonbusiness purposes. Full story: Asbury Park Press
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