Rail Industry News
Editorial: Republicans’ misguided view of Amtrak is off track
(Source: Baltimore Sun, September 19, 2012) BALTIMORE, Md. — Amtrak is attracting record ridership: 30 million passengers last year, and every month in the current fiscal year has been a record-setter, too. Amtrak ridership has increased more than 40 percent over the...
California high-speed rail segment receives federal approval
(Source: Reuters, September 20, 2012) SACRAMENTO, Calif. — The initial segment of California's ambitious $68 billion high speed rail project won the approval of the U.S. Federal Railroad Administration on Wednesday, clearing the way for construction to begin in 2013....
Secret video: Romney tells millionaire donors what he REALLY thinks of Obama voters
(Source: Mother Jones, September 17, 2012) During a private fundraiser earlier this year, Republican presidential candidate Mitt Romney told a small group of wealthy contributors what he truly thinks of all the voters who support President Barack Obama. He dismissed...
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 CP Rail, which fell 2.2 percent, and CN, which rose 0.9 percent. Full story: CBS News
Buffalo-area deal with CSX to pave the way for developers
(Source: Buffalo News, September 18, 2012) NORTH TONAWANDA, N.Y. — After five years of delays and difficulties, the city has made a deal with CSX Corp. to allow an extension of Meadow Drive that will clear the way for developers to build about 60 houses in the city....
DOT awards more than $74 million to further develop southeast high-speed rail corridor in Virginia
(Source: Federal Railroad Administration 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...
Analysts: CP Rail headed for disappointing third quarter
(Source: Financial Post, September 19, 2012) OTTAWA — Canadian Pacific Railway Ltd. may well be heading toward a disappointing third quarter result, but analysts still encouraged investors to keep aboard the railroad. CP’s volumes during the third quarter have been...
Teachers, students return to Chicago public schools as union reaches deal
(Source: Chicago Tribune, September 19, 2012) CHICAGO — More than 350,000 Chicago public school students returned to class this morning after union officials overwhelmingly called off a seven-day teachers strike. Delegates for the Chicago Teachers Union voted Tuesday...
Striking dairy Teamsters standing strong in Maryland
(Source: International Brotherhood of Teamsters press release, September 18, 2012) CUMBERLAND, Md. — Teamsters at Galliker’s Dairy remain out on strike as the fight to receive a fair offer from their employer continues. The 55 workers have been without a contract...
Pennsylvania Supreme Court punts on controversial voter-ID law
(Source: Philadelphia Daily News, September 19, 2012) PHILADELPHIA, Pa. — The political football that is Pennsylvania's voter-ID law was punted by the state Supreme Court on Tuesday back to a lower court for more review. The Supreme Court told Commonwealth Court Judge...
Opinion: GOP takes wrong track on Amtrak
(Source: Albany Times-Union, September 19, 2012) ALBANY, N.Y. — Mitt Romney and the Republicans want to stop paying for train travel. Do we want a country where we heavily subsidize highway travel, but ignore rail — even where it makes the most sense? Full story:...
Amtrak ridership up for 11 consecutive months; July 2012 single best ridership month in Amtrak’s history
(Source: Register-Mail, September 11, 2012) GALESBURG, Ill. — Amtrak ridership is surging this year with 11 consecutive monthly ridership records. In each month of the current fiscal year, Amtrak has posted the highest ridership total ever for that particular month...
Railroad stocks mixed at close of September 17 trading
(Source: Associated Press, September 17, 2012) NEW YORK — Shares of some top railroad stocks were mixed at the close of trading on September 17, including CN, which fell 0.5 percent, and CSX, which rose 0.4 percent. Full story: CBS News
Massachusetts’ purchase of CSX line may lead to improved Springfield-Boston passenger service
(Source: The Republican, September 17, 2012) WEST SPRINGFIELD, Mass. — The state plans to close early next month on the purchase of a CSX railroad line between Framingham and Worcester, something that might lead to improved passenger rail service from Springfield to...
Teamsters laud Obama Administration for action against China’s unfair, illegal protection of its auto industry
(Source: International Brotherhood of Teamsters press release, September 17, 2012) WASHINGTON, D.C. — The Teamsters Union applauded the Obama administration today for challenging China over illegally and unfairly protecting its auto and auto parts industries through...
Railroad stocks up at close of September 14 trading
(Source: Associated Press, September 14, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on September 14, including CSX, which rose 0.5 percent, and Union Pacific, which rose 1.5 percent. Full story: CBS News
NW Indiana’s clogged railroads to get $71 million upgrade
(Source: Associated Press, September 13, 2012) PORTER, Ind. — Northwestern Indiana's congested railroad corridors will see some upgrades with $71 million in federal money to help speed the flow of passenger and freight trains and perhaps help progress on a...
Union Pacific project transforming New Mexico desert area to ‘a Jiffy Lube for trains’
(Source: Omaha World-Herald, September 14, 2012) OMAHA, Neb. — A year ago, the area resembled any 2,000-acre slice of desert in rural New Mexico. Wild sagebrush covered sprawling landscape. Mountains surrounded the dry plateau, also home to a small airport and...
Rail facilities increasing in western North Dakota oil patch
(Source: Minot Daily News, September 14, 2012) MINOT, N.D. — The number of facilities served by rail in the oil patch in western North Dakota is on the rise. Full story: Minot Daily News
Surface Transportation Board calculates rail industry’s cost of capital for 2011
(Surface Transportation Board press release, September 13, 2012) WASHINGTON, D.C. — The Surface Transportation Board announced today that it has issued its decision calculating the railroad industry's cost of capital for 2011. In Railroad Cost of Capital — 2011,...
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