Rail Industry News
Railroad stocks mixed at close of October 8 trading
(Source: Associated Press, October 8, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 8, including CN, which fell 0.2 percent, and Norfolk Southern, which rose 0.6 percent. Full story: CBS News
Norfolk Southern to announce 3Q 2012 results on October 23
(Source: Norfolk Southern press release, October 8, 2012) NORFOLK, Va. — Norfolk Southern Corporation will present its third-quarter 2012 earnings on Tuesday, Oct. 23, 2012, at 4:30 p.m. EDT via teleconference and live Internet webcast. The company will issue its...
NJ Transit investigating what caused wheel to run off rail in Hoboken
(Source: NorthJersey.com, October 8, 2012) HOBOKEN, N.J. — NJ Transit is investigating what caused the wheel of a locomotive engine to run off a rail at a Hoboken rail yard Monday morning. No one was injured in the incident, which occurred at about 7:30 a.m., when a...
Teamsters, UPS start contract negotiations
(Source: The Press-Enterprise, October 8, 2012) RIVERSIDE, Calif. — UPS and the Teamsters are still almost a full 10 months away from the expiration of their contracts. But the two sides began negotiations on Sept. 27, and both sides are hoping they can settle their...
Railroad stocks up at close of October 5 trading
(Source: Associated Press, October 5, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on October 5, including CSX, which rose 0.6 percent, and Union Pacific, which rose 0.5 percent. Full story: CBS News
Amtrak says book early for Thanksgiving travel
(Source: Amtrak press release (PDF), September 27, 2012) WASHINGTON, D.C. — In anticipation of its busiest travel week of the year, Amtrak is encouraging passengers to plan ahead for Thanksgiving travel and book their tickets early for best availability and pricing....
Oklahoma to sell 350 miles of track to Union Pacific
(Source: Associated Press, October 8, 2012) OKLAHOMA CITY, Okla. — Oklahoma transportation officials are to conclude a deal with Union Pacific railroad that was 30 years in the making, which would give Union Pacific ownership of 350 miles of rail lines in the state....
In Missouri, Amtrak ridership up 74% in five years
(Source: Associated Press, October 8, 2012) JEFFERSON CITY, Mo. — Missouri transportation officials say ridership on Amtrak passenger trains in the state has grown by 74 percent over five years. Full story: St. Louis Post-Dispatch
Looming fund cuts endanger Amtrak’s Keystone line
(Source: Philadelphia Inquirer, October 7, 2012) PHILADELPHIA — The popular Keystone rail service between Philadelphia and Harrisburg, Amtrak's fourth-busiest route, could face serious cutbacks next year because of reduced federal subsidies. Amtrak will end its $8...
Future railport will open Clinton County to the world
(Source: Quad City Times, October 7, 2012) DAVENPORT, Iowa — For better than a decade, economic development and community leaders here have held tight to a plan for growing jobs in the region by connecting to one of Union Pacific’s busiest rail lines, which runs...
Berkshire’s short-line surprise raises question about legality of BNSF acquisition
(Source: Lincoln Journal Star, October 6, 2012) LINCOLN, Neb. — Berkshire Hathaway's recent discovery that it owned a couple of short-line railroads in Iowa and Oregon has led to questions about the legality of its acquisition of BNSF Railway. Full story: Lincoln...
Could NW Louisiana get Amtrak high-speed rail to Dallas?
(Source: Associated Press, October 7, 2012) SHREVEPORT, La. — A passenger train between Shreveport-Bossier City and Dallas-Fort Worth would be great for quality of life and for the economy, says Bossier City Mayor Lorenz Walker. Full story: Lubbock Avalanche-Journal
Amtrak to operate qualifying trains for new Norfolk service
(Source: Amtrak press release (PDF), October 5, 2012) RICHMOND, Va. — Starting Friday, October 5, Amtrak will begin operating trains to serve as training for locomotive engineers and conductors to learn the tracks and territory between Petersburg and Norfolk, Va....
Texas farmers fear they’ll be railroaded by Union Pacific
(Source: San Antonio Express-News, October 8, 2012) HEARNE, Texas — Gathan Reistino pointed to the seemingly endless field of cotton, the same land his father farmed for decades. There, he said, is where one of the largest rail yards in Texas would go. Omaha,...
Railroad Retirement annuities and pensions from work not covered by Social Security or Railroad Retirement
(Source: U.S. Railroad Retirement Board press release, September 6, 2012) CHICAGO — Employee annuities paid under the Railroad Retirement Act are subject to dual benefit reductions when social security benefits are also payable, and they may be subject to reduction...
Letter to the Editor: Ryan’s budget makes false claims about Railroad Retirement
(Source: Mansfield News Journal, October 4, 2012. BLET Editor's note: James R. Blum is Legislative Representative of BLET Division 526 in Willard, Ohio.) MANSFIELD, Ohio — In the Paul Ryan budget, which passed the U.S. House of Representatives, there is a resolution...
2012 CP Holiday Train is making its list and checking it twice; Schedule now available
(Source: Canadian Pacific Railway press release, October 3, 2012) CALGARY, Alberta — Canadian Pacific is proud to announce that the 2012 Holiday Train program will be riding the rails to raise money and awareness about hunger issues in Canada and the US, one stop at a...
Railroad stocks up at close of October 4 trading
(Source: Associated Press, October 4, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on October 4, including Norfolk Southern, which rose 0.9 percent, and Union Pacific, which rose 0.8 percent. Full story: CBS News
Amtrak offering virtual online assistance
(Source: GateHouse News Service, October 4, 2012) WASHINGTON, D.C. — Amtrak customers have an additional resource for information with the launch of the new intelligent virtual online assistant, “Ask Julie,” on Amtrak.com. “Ask Julie” provides answers to customer...
Norfolk Southern to increase maximum speeds for Amtrak trains between Norfolk and Petersburg
(Source: Norfolk Southern press release, October 4, 2012) NORFOLK, Va. — In preparation for the start of Amtrak passenger rail service between Norfolk and Richmond in December, Amtrak will begin operating trains to qualify train crews at 79 mph beginning in...
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