Rail Industry News
After 35-year hiatus, passenger rail returns to Norfolk, Va.
(Source: Washington Post, August 30, 2012) WASHINGTON, D.C. — Thirty-five years after the last train left the station in Norfolk, passenger rail service will return to Virginia’s second largest city in December, linking it to Washington and the rest of Amtrak’s...
Berkshire Hathaway evolving as importance of its railroad, other firms grows
(Source: Associated Press, August 31, 2012) OMAHA, Neb. — Warren Buffett’s birthday this week was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha’s leadership. But the milestone also reminded shareholders they need to...
Railroads bracing for increased pre-holiday shipments
(Source: Bloomberg News, August 31, 2012) NEW YORK — North American railroads from Warren Buffett’s Burlington Northern Santa Fe to CSX Corp. are bracing for limited increases in pre-holiday shipments as weak consumer sentiment exacerbates shrinking corn and coal...
Railroad stocks mixed at close of August 29 trading
(Source: Associated Press, August 29, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on August 29, including CP Rail, which fell 0.4 percent, and CSX, which rose 0.2 percent. Full story: CBS News
Amtrak rolls out ticket prices for new service out of Norfolk, Va.
(Full story: Virginian Pilot, August 30, 2012) NORFOLK, Va. — Seats on the first Amtrak trains out of the city in December will go on sale at 6 a.m. today, with non-holiday prices ranging from $38 for a one-way trip to Washington to $73 to Boston. Full story:...
Norfolk Southern’s intermodal terminal formally dedicated in Toledo
(Source: Toledo Blade, August 29, 2012) TOLEDO, Ohio — Public and railroad officials formally completed $12.4 million in improvements to Norfolk Southern’s Toledo Intermodal Terminal with a ribbon-cutting ceremony today at the University of Toledo’s nearby Scott Park...
CSX and Microsoft woo Republicans with baseball, trains
(Source: Bloomberg News, August 30, 2012) TAMPA, Fla. — With pitched baseballs and idled rail cars, companies such as Microsoft Corp., CSX Corp. and AT&T Inc. this week put their names, representatives and issues in front of the elected officials, senior aides and...
Senate Democrats call for rail safety review after derailments
(Source: The Hill, August 29, 2012) WASHINGTON, D.C. — A trio of Democratic lawmakers said Wednesday that the Government Accountability Office should review the safety of the national rail system after a string of recent accidents. Sens. Jay Rockefeller (D-W.Va.),...
Biden to appear at National Railroad Museum in Green Bay
(Source: Milwaukee Journal Sentinel, August 29, 2012) MILWAUKEE, Wisc. — As part of a road tour to the Democratic National Convention in Charlotte, N.C., Vice President Joe Biden will be coming to Green Bay on Sunday for a campaign stop at the National Railroad Museum...
Greed and debt: The true story of Mitt Romney and Bain Capital
(Source: Rolling Stone magazine, August 29, 2012) By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a...
Paul Ryan’s brazen lies: His Republican National Convention speech was stunning for its dishonesty
(Source: Salon.com, August 20, 2012) Paul Ryan gave a feisty anti-Obama speech that will have fact-checkers working for days. His most brazen lie accused President Obama of “raiding” Medicare by taking the exact same $716 billion that Ryan and the House GOP...
KCS announces 12th annual Holiday Express schedule
(Source: Kansas City Southern press release, August 28, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today its schedule for the 12th Annual Holiday Express. At each scheduled stop, visitors can board the train, visit with Santa and his elves and tour...
Railroad stocks mixed at close of August 28 trading
(Source: Associated Press, August 28, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of August 28 trading, including Canadian Pacific, which fell 0.2 percent, and Norfolk Southern, which rose 0.4 percent. Full story: CBS News
New $66 million PATH control center expected to improve train service
(Source: The Star-Ledger, August 28, 2012) NEWARK, N.J. — Half a century after the Port Authority of New York and New Jersey took over the old Hudson and Manhattan Railroad and renamed it the PATH, the bi-state agency unveiled a new $66 million control center intended...
Runaway rail car rolls undetected across bridge from N.Y. to Niagara Falls, Ont.
(Source: Toronto Star, August 28, 2012) TORONTO — No one noticed the rogue rail car cross the border from Niagara Falls, N.Y. to Niagara Falls, Ont., in the wee hours of Aug. 12. Somehow, the rail car left the CSX rail yard on American soil and rolled across the...
Revolt of the rich: Financial elites are the new secessionists
(Source: The American Conservative, August 27, 2012) The rich disconnect themselves from the civic life of the nation and from any concern about its well being except as a place to extract loot. Our plutocracy now lives like the British in colonial India: in the place...
OSHA again fines Norfolk Southern for whistleblower violations, illegally terminating injured workers
(Source: Occupational Safety and Health Administration (OSHA) press release, August 28, 2012) CHICAGO — The U.S. Department of Labor's Occupational Safety and Health Administration has found that Norfolk Southern Railway Co. violated the whistleblower protection...
Union Pacific unveils experimental locomotive to test emissions-reduction technology
(Source: Union Pacific press release, August 22, 2012) ROSEVILLE, Calif. — Union Pacific Railroad today unveiled an advanced experimental locomotive at its J.R. Davis Yard in Roseville that will test three emissions-reducing technologies including exhaust gas...
Railroad stocks down at close of August 27 trading
(Source: Associated Press, August 27, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on August 27, including CSX, which fell 0.9 percent, and Kansas City Southern, which fell 0.7 percent. Full story: CBS News
DOT announces creation of Freight Policy Council
(Source: U.S. Department of Transportation press release, August 23, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today announced the launch of the Freight Policy Council which will focus on improving the condition and performance of the national...
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