Rail Industry News
Planned Union Pacific yard near Arizona’s Picacho Peak gains steam
(Source: The Republic, September 24, 2012) TUCSON, Ariz. — The Arizona State Land Department cleared the path Monday for a land sale that could bring a massive rail yard to farmland near Picacho Peak, but that path could be a long and bumpy one with more challenges to...
Study: U.S. spends $59 billion on social welfare… $92 billion on corporate welfare
(Source: We Party Patriots, September 25, 2012) The GOP has attempted to turn the political discussion surrounding the upcoming election into a debate about President Obama and social welfare, while progressives have done the same with Mitt Romney and corporate...
Acela run expected to match U.S. rail speed record of 165 mph
(Source: Baltimore Sun, September 24, 2012) BALTIMORE, Md. — Sometime after 8 p.m. Thursday, an Acela Express will come roaring out of the north from Delaware toward Perryville at 165 miles per hour, matching the fastest speed ever attained on a U.S. rail line. Full...
VP Biden visits Teamsters in New Hampshire
(Source: Teamster Nation, September 24, 2012) Vice President Joe Biden and his wife Dr. Jill Biden got a warm welcome from New Hampshire Teamsters at Local 633 on Saturday, September 22. Full story: Teamster Nation
Union Pacific to announce 3Q 2012 financials on October 18
(Source: Union Pacific press release, September 20, 2012) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation's third quarter 2012 earnings release presentation that will be broadcast live over the Internet or via teleconference on Thursday, October...
CSX to announce 3Q 2012 financials on October 16
(Source: CSX press release, September 20, 2012) JACKSONVILLE, Fla. — CSX Corporation will release third-quarter financial and operating results on Tuesday, October 16, 2012, after the market close. The company will host an earnings conference call at 8:30 am Eastern...
Port of Tampa prepares to unveil new railroad line to boost cargo, ethanol markets
(Source: Tampa Bay Times, September 24, 2012) TAMPA — According to the Tampa Bay Times, the Port of Tampa is nearing completion of the $11 million Tampa Gateway Rail Terminal, a 2-mile rail loop that will speed the unloading of ethanol-bearing trains and cargo-bearing...
Study on Union Pacific rail project in Ariz. says potential for industrial development limited
(Source: Associated Press, September 24, 2012) PHOENIX, Ariz. — There would be limited potential to develop state trust land near the southern Arizona landmark of Picacho Peak as an industrial park if Union Pacific Corp. is allowed to buy some of the property for a...
NTSB releases reports in fatal Nevada Amtrak-truck crash
(Source: Associated Press, September 21, 2012) CARSON CITY, Nev. — A witness to the fatal crash involving a semi-truck and an Amtrak train in the Nevada desert said the truck driver seemed unaware of the approaching passenger train despite flashing lights and a...
DOT awards more than $74 million to further develop southeast high-speed rail corridor in Va.
(Source: U.S. Department of Transportation press release, September 19, 2012) WASHINGTON, D.C. – U.S. Transportation Secretary Ray LaHood today awarded more than $74.8 million to the Commonwealth of Virginia to continue development of the Southeast High-Speed Rail...
Seniors boo VP candidate Paul Ryan at Medicare speech
(Source: The Hill, September 21, 2012) WASHINGTON, D.C. — Paul Ryan met loud boos and taunts, as well as deep skepticism, as he attacked President Obama's healthcare law at an AARP event Friday. The unwelcome reception was a clear sign of just how big a challenge...
T&I Democrats: Enough with the Amtrak hearings, already
(Source: Politico, September 21, 2012) WASHINGTON, D.C. — Democrats are sick and tired of Transportation & Infrastructure Chairman John Mica’s hearings on the passenger railroad. But before they could even complain at a Thursday hearing, the third in a series, Mica...
Amtrak to run test trains at 165 mph in Northeast
(Source: Associated Press, September 25, 2012) TRENTON, N.J. — Amtrak is going to break the speed limit in the Northeast Corridor. The rail service announced Monday that it will operate test trains overnight at 165 m.p.h. in four stretches from Maryland to...
Watch full secret video of private Romney fundraiser
(Source: Mother Jones, September 18, 2012) On September 17 and 18, Mother Jones published exclusive video that captured Mitt Romney speaking to donors at a May 17 fundraiser. The GOP presidential nominee told attendees of this $50,000-a-plate dinner that 47 percent of...
Railroad stocks mixed at close of September 19 trading
(Source: Associated Press, September 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on September 19, including Kansas City Southern, which fell 0.8 percent, and CP Rail, which rose 2.0 percent. Full story: CBS News
Anacostia Rail Holdings announces key management changes
(Source: Anacostia Rail Holdings press release, September 19, 2012) CHICAGO — Anacostia Rail Holdings announced John K. Secor is retiring as president of the Louisville & Indiana Railroad at the end of October 2012. Succeeding Mr. Secor is Michael D. Stolzman,...
Norfolk Southern expects third quarter results to be below third quarter 2011
(Source: Norfolk Southern press release, September 19, 2012) NORFOLK, Va. — Norfolk Southern Corporation announced that third quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, primarily due to volume declines in certain markets...
CN says rival CP Rail will eventually catch up after Hunter Harrison fixes shortcomings
(Source: Canadian Press, September 19, 2012) MONTREAL — The head of Canadian National Railway says rival Canadian Pacific Railway will eventually catch up to its industry-leading performance with new CEO Hunter Harrison at the helm and it will benefit the entire...
GE engines to lose steam if high-speed rail judged too slow
(Source: Bloomberg News, September 19, 2012) WASHINGTON, D.C. — U.S. taxpayers have spent $1.5 billion to allow Union Pacific Corp.’s tracks between Chicago and St. Louis to carry faster passenger trains, one of the biggest projects in President Barack Obama’s...
Teamsters blast Romney for telling millionaires he regrets that unions would stop deep federal workforce cuts
(Source: International Brotherhood of Teamsters press release, September 19, 2012) WASHINGTON, D.C. — The Teamsters Union blasted Republican presidential nominee Mitt Romney today for saying that he wishes labor unions didn’t prevent him from slashing the federal...
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