Rail Industry News
Lawsuits in Nevada Amtrak mishap claim crossing defects
(Source: Associated Press, July 2, 2012) RENO, Nev. — Four lawsuits filed on behalf of victims of last year's Amtrak-truck crash in northern Nevada claim railroad crossing gates either came down late or not at all. The children of an Amtrak conductor killed in the...
Union Pacific CEO sees slow, steady economy
(Source: Reuters, July 2, 2012) NEW YORK — Union Pacific Corp's chief executive said the steep slump in coal shipments has likely bottomed out and overall peak-season shipping volumes this year should be a little higher than in 2011. Full story: CNBC
Union Pacific CEO: Another record year on track for 2012
(Source: CNBC, July 2, 2012) NEW YORK — Union Pacific should post positive volumes by the end of the year in spite of a major downturn in coal shipments, the railroad's CEO told CNBC's "Closing Bell" on Monday, July 2. In fact, the railroad is projecting another...
Teamsters file for representation elections at Allegiant Air
(Source: International Brotherhood of Teamsters press release, July 2, 2012) WASHINGTON, D.C. — On July 2, the Airline Division of the International Brotherhood of Teamsters announced it has made an application to the National Mediation Board (NMB) for a...
Hoglander named National Mediation Board Chairman
(Source: National Mediation Board press release, July 2, 2012) WASHINGTON, D.C. — The National Mediation Board (NMB) is pleased to announce that Harry R. Hoglander has been named Chairman of the National Mediation Board, effective July 1, 2012 through June 30, 2013....
House hikes Amtrak budget
(Source: Associated Press, June 30, 2012) WASHINGTON, D.C. — The GOP-controlled House on Friday passed legislation boosting Amtrak's budget for updating rail lines and increasing funding for community development grants to local governments. The $107 billion measure...
Opinion: America’s long slope down
(Source: Reuters opinion column, June 20, 2012) NEW YORK — The Bush tax cuts utterly failed, the Fed’s artificially low-interest rate policies under presidents Bush and Obama do far more damage than good (especially to savers), and that the United States is harmed...
New poll shows strong support for unions
(Source: Global Midwest Initiative, June 20, 2012) CHICAGO — Midwesterners generally favor unions, public and private, and overwhelmingly support the right of workers to organize for collective bargaining rights. So says a new poll that indicates that pro-union...
Union Pacific electronic book chronicles 150-year history
(Source: Union Pacific press release, June 21, 2012) OMAHA, Neb. — Union Pacific's 150-year historical timeline comes to life with the Union Pacific Timeline e-book, available for free in the Apple iTunes Store under Books. To mark its 150th anniversary this year,...
UP to announce 2Q 2012 earnings on July 19
(Source: Union Pacific press release, June 21, 2012) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation's second quarter 2012 earnings release presentation that will be broadcast live over the Internet or via teleconference on Thursday, July 19,...
BNSF plans capital improvement programs in Colorado, Wyoming
(Source: BNSF Railway press releases, June 19, 2012) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $80 million on maintenance and rail capacity improvement and expansion projects in Colorado this year. BNSF's 2012 capacity enhancement...
Union Pacific to make infrastructure improvements in Nebraska
(Source: Union Pacific press release, June 21, 2012) OMAHA, Neb. — Union Pacific Railroad is enhancing Nebraska's transportation infrastructure by investing more than $22 million in the rail line that runs between O'Fallons and the Wyoming border. The project is in...
DOT announces assistance for veterans seeking jobs in transportation
(Source: Department of Transportation press release, June 21, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood and U.S. Veterans Affairs Secretary Eric Shinseki today unveiled a new portal on their departments’ websites designed to help military...
Railroad stocks down at close of June 21 trading
(Source: Associated Press, June 21, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on June 21, including CSX, which fell 1.6 percent, and Union Pacific, which also fell 1.6 percent. Full story: CBS News
Raleigh gets $21 million federal grant for train station plans
(Source: News Observer, June 21, 2012) RALEIGH, N.C. — The city has landed a $21 million federal grant to begin work on a Grand Central-style train station planned in downtown’s warehouse district. The TIGER grant means the city can begin track and signal upgrades...
Ferrari train driving high-speed rail renaissance
(Source: CNN, June 22, 2012) ROME, Italy — As chairman of Ferrari, Luca di Montezemolo is used to making things that move at breakneck speed. But rather than flashy sports cars for wealthy motor enthusiasts, the Italian businessman's latest high-velocity project aims...
AAR: Railroads report intermodal volume up 5.2 percent over same week of 2011
(Source: Association of American Railroads press release, June 21, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending June 16, 2012, with U.S. railroads originating 287,036 carloads, down...
Farm bill study of captive rail shippers passes Senate
(Source: Journal of Commerce, June 21, 2012) WASHINGTON, D.C. — The pricing complaints of captive agriculture shippers, or railroad customers dependent on a single carrier, could gain a wider audience through a recently approved amendment to the Farm bill, according...
DOT announces funding for 47 TIGER 2012 projects as overwhelming demand for TIGER dollars continues
(Source: U.S. Department of Transportation press release, June 22, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today announced that 47 transportation projects in 34 states and the District of Columbia will receive a total of almost $500 million...
UP, NS, CSX and BNSF accused of illegal price fixing in lawsuit
(Source: Reuters, June 21, 2012) NEW YORK — A lawsuit alleging that major U.S. freight railroads conspired to drive up shipping costs by fixing fuel surcharges, generating billions of dollars in extra revenue, can move forward as a class action case, a judge ruled on...
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