Rail Industry News
Railroad stocks mixed at close of July 5 trading
(Source: Associated Press, July 5, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on July 5, including Kansas City Southern, which rose 2.4 percent, and Union Pacific, which fell 0.6 percent. Full story: CBS News
Canadian Pacific board member Tony Ingram resigns
(Source: Reuters, July 6, 2012) TORONTO — Canadian Pacific Railway board member Tony Ingram resigned on Friday, seven weeks after a bitter proxy battle led to the resignations of the top executives at Canada's second-largest railroad company. Full story: Reuters.com
Union Pacific’s PRB coal train loadings lagged in June
(Source: Progressive Railroading, July 5, 2012) Last month, Union Pacific Railroad loaded 820 coal trains in the Southern Powder River Basin compared with 982 trains in June 2011. Full story: Progressive Railroading
CN to construct five long sidings in 2012 on B.C. North Line to handle rising traffic in Edmonton-Prince Rupert corridor
(Source: CN press release, July 5, 2012) EDMONTON — CN announced today that it plans to construct five extended sidings on its B.C. North Line in 2012 as part of a multi-year capital program to expand freight train capacity to handle growing freight volumes along its...
Car carrying two bodies found under debris from derailed coal train on bridge
(Source: Chicago Tribune, July 6, 2012) CHICAGO — Seventeen hours after salvage crews started to dig through tons of spilled Wyoming coal, derailed freight hoppers and twisted ruins of a collapsed railroad bridge, authorities on Thursday discovered an automobile...
Rail shipping sees revival as oil prices rise
(Source: Associated Press, July 5, 2012) NEW YORK — A railroad company is renovating rusty, overgrown tracks to get at millions of tons of waste rock at an abandoned iron and titanium mine near the source of New York's Hudson River and the highest peaks of the...
Class I railroads appeal class certification in price-fixing lawsuit
(Source: Bloomberg News, July 5, 2012) NEW YORK — Four U.S. railroad companies appealed a ruling that turned a price-fixing lawsuit against them into a class action of as many as 30,000 shippers, arguing it could unfairly push them into settlements. Full story:...
AAR: Railroads report intermodal volume up 5.2 percent over June 2011
(Source: Association of American Railroads press release, July 5, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail carloads originated in June 2012 totaled 1,140,271, down 1.3 percent compared with June 2011. Intermodal...
Fate of California high-speed rail rests with state Senate
(Source: San Francisco Chronicle, July 5, 2012) SACRAMENTO, Calif. — Four years after California voters approved $9.9 billion in bonds to build the nation's first high-speed rail system, the fate of the bullet train now rests with state lawmakers. State senators will...
BNSF dredging wraps up in Whitefish
(Source: The Daily Inter Lake, July 4, 2012) WHITEFISH, Mont. — A dredging project in Whitefish Lake to remove petroleum-laden sediment left by a 1989 train derailment has been completed ahead of schedule. The U.S. Environmental Protection Agency said contractors for...
CSX locomotive catches fire in Lynchburg
(Source: Nelson County Times, July 4, 2012) LYNCHBURG, Va. — A Norfolk Southern locomotive engine burst into flames at the Lynchburg yard, located on Woodall Road near River Ridge mall, Wednesday evening, creating a sight not many firefighters or railroad workers have...
Derailed BNSF coal train illustrates environmental concern in Pacific Northwest
(Source: Los Angeles Times, July 3, 2012) LOS ANGELES — A derailed Spokane-bound train interrupted an interstate railroad thoroughfare for more than 24 hours, but the tracks were to reopen Tuesday night, BNSF Railway Co. officials said. The derailment remains under...
Norfolk Southern to announce 2Q 2012 earnings on July 24
(Source: Norfolk Southern press release, July 3, 2012) NORFOLK, Va. — Norfolk Southern Corporation will present its second-quarter 2012 earnings on Tuesday, July 24, 2012, at 4:30 p.m. EDT via teleconference and live Internet webcast. The company will issue its...
Freight train derails, bridge collapses in Chicago’s northern suburbs
(Source: Chicago Sun-Times, July 4, 2012) CHICAGO — A freight train derailed and its crossing bridge collapsed Wednesday near the Glenview and Northbrook border, officials said. The accident happened at 1:45 p.m. on the bridge along the Union Pacific tracks, causing...
Canadian Pacific confirms former rival Hunter Harrison as its new CEO
(Source: Canadian Press, June 29, 2012) CALGARY, Alberta — Canadian Pacific Railway has named Hunter Harrison as its new president and chief executive officer, the result of changes pushed through by the company's largest shareholder. Harrison's appointment was widely...
California high-speed rail funding poised for approval
(Source: Los Angeles Times, July 3, 2012) LOS ANGELES — Even though Gov. Jerry Brown and Democratic lawmakers failed this week to reach a deal on public worker pensions, the Legislature may be ready to approve billions of dollars in spending on high-speed rail and...
Union Pacific crews help fight 13,300-acre wild fire in Colorado
(Source: Denver Post, July 2, 2012) GRAND JUNCTION, Colo. — Crews fought gusty winds, near three-figure temperatures and lightning Monday while holding the Pine Ridge Fire to 13,360 acres and keeping it from jumping Interstate 70. On-the-ground crews had help from the...
BNSF coal train derails in Washington state
(Source: Tri-City Herald, July 3, 2012) KENNEWICK, Wash. — A loaded BNSF coal train passing through Mesa derailed Monday evening, knocking about 30 cars off the track and sparking a major cleanup effort well into today. There were no injuries to the two-person crew as...
Truck driver faces third surgery after collision with Amtrak’s Texas Eagle
(Source: Fort Worth Star-Telegram, July 2, 2012) FORT WORTH, Texas — A Kennedale truck driver remained in critical condition Monday, three days after his flatbed truck and an Amtrak Texas Eagle collided at a private crossing in west Arlington. Full story: Fort Worth...
Final glance: Railroad stocks mixed at close of July 2 trading
(Source: Associated Press, July 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading, including CSX, which fell 0.8 percent, and CN, which rose 0.2 percent. Full story: CBS News
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