Rail Industry News
As unions decline, pay for workers is under siege
(Source: Buffalo News, June 18, 2012) BUFFALO, N.Y. — Today’s depressed wages can be attributed to a variety of economic trends — from globalization and sending jobs offshore to new technologies and immigrant labor. But economists and scholars also point to the...
Railroad stocks mixed at close of June 20 trading
(Source: Associated Press, June 20, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on June 20, including Kansas City Southern, which fell 1.5 percent, and Norfolk Southern, which rose 0.5 percent. Full story: CBS News
Alaska Railroad to eliminate 52 positions
(Source: Fairbanks Daily News-Miner, June 21, 2012) FAIRBANKS, Alaska — The Alaska Railroad has announced it will eliminate 52 positions statewide as a result of decreased fuel shipments from a North Pole refinery to Ted Stevens International Airport in Anchorage....
New England Central gets federal grant for infrastructure upgrades
(Source: Associated Press, June 20, 2012) MONTPELIER, Vt. — The New England Central Railroad between St. Albans and the Vermont-Quebec border is going to be upgraded with help from a $7.9 million grant from the U.S. Department of Transportation. Full story: CBS News
Regional planning expert calls for CREATE program for southern California
(Source: Journal of Commerce, June 20, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, a regional planning expert called upon goods movement interests in Southern California to develop a CREATE-style public-private infrastructure development program for...
Gov. Jerry Brown scraps idea to soften environmental exceptions for California bullet train
(Source: Los Angeles Times, June 21, 2012) LOS ANGELES — After encountering criticism from environmental groups, Gov. Jerry Brown signaled Wednesday that he plans to withdraw his controversial proposal to protect the California bullet train project from injunctions...
High-speed rail from Atlanta to Jacksonville feasible, study says
(Source: Florida Times-Union, June 20, 2012) ATLANTA — Running high-speed, passenger rail lines between Atlanta and Jacksonville, Louisville and Birmingham is economically feasible, according to a consultant's study presented Wednesday to the State Transportation...
Opinion: OSHA’s ruling tarnishes Norfolk Southern’s reputation
(Source: Virginian Pilot opinion column, June 21, 2012) NORFOLK, Va. — Discouraging reports of injuries doesn't improve safety. Changing that practice might cost Norfolk Southern an award, but it would help the company - and workers - in the long run. Full story:...
OSHA: Norfolk Southern illegally fired workers
(Source: Associated Press, June 18, 2012) WASHINGTON, D.C. — The Occupational Safety and Health Administration is ordering railroad operator Norfolk Southern to pay more than $800,000 for firing three workers after they reported injuries on the job. Full story:...
Federal Railroad Administration proposes seven more environmental procedure exclusions
(Source: Progressive Railroading, June 19, 2012) The Federal Railroad Administration (FRA) has proposed adding seven new categorical exclusions to its environmental procedures to help expedite project delivery nationwide. The agency has determined that the additional...
Railroad stocks mixed at close of June 19, trading
(Source: Associated Press, June 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on June 19, including CP Rail, which rose 0.7 percent, and CSX, which fell 0.2 percent. Full story: CBS News
Railroad raising underway in Devils Lake
(Source: Grand Forks Herald, June 20, 2012) GRAND FORKS, N.D. — BNSF construction crews are installing new ties and laying new rails along a 15-mile stretch of flood-threatened railroad tracks in the Devils Lake Basin. The project calls for raising the tracks an...
KCS to announce 2Q 2012 earnings on July 17
(Source: Kansas City Southern press release, June 19, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) will release its financial results for second quarter 2012 on Tuesday July 17, 2012, before the opening of trading on the New York Stock Exchange. KCS...
CSX to announce 2Q 2012 earnings on July 17
(Source: CSX press release, June 19, 2012) JACKSONVILLE, Fla. — CSX Corporation will release second-quarter financial and operating results on Tuesday, July 17, 2012, after the market close. The company will host an earnings conference call at 8:30 am Eastern Time on...
Detroit light rail won’t get U.S. funding, yet
(Source: Detroit Free Press, June 20, 2012) WASHINGTON, D.C. — As U.S. Transportation Secretary Ray LaHood made clear Tuesday, he's a fan of the proposed Woodward Avenue streetcar line and would love to help fund it, as long as state legislators, local officials and...
Durbin, Quinn announce $10.4 million TIGER grant for Illinois rail improvements
(Source: Press release from the office of Senator Dick Durbin, June 19, 2012) CHICAGO, Ill. — U.S. Senator Dick Durbin (D-IL) and Illinois Governor Pat Quinn today announced that the U.S. Department of Transportation has awarded the State of Illinois a $10.4 million...
Federal grants will help renovate aging SEPTA power substation, fix bridges and highways
(Source: Philadelphia Inquirer, June 20, 2012) PHILADELPHIA, Pa. — The Philadelphia area will get $12.8 million in federal funding that was sought to help renovate an aging SEPTA power substation and repair 11 highway and railroad bridges. The grants from the U.S....
Opinion: Don’t miss high-speed train to future economy
(Source: San Francisco Chronicle opinion column, June 20, 2012) SAN FRANCISCO, Calif. — California's $1.9 trillion economy ranks among the 10 largest in the world. However, the state's infrastructure is straining to keep up with increased demands. Nowhere is this...
While the headlines blare Americans lose 40% of their wealth, income decline is the real horror story
(Source: Economic Populist, June 13, 2012) NEW YORK — The Federal Reserve released a report, the 2010 Survey of Consumer Finances. This is a report on household wealth from 2007-2010, removing effects of inflation. No surprise, median net worth declined by 38.8% from...
These people can’t get enough of trains
(Source: Omaha World-Herald, June 19, 2012) OMAHA, Neb. — With Union Pacific holding celebrations around the country for its 150th anniversary, it's a big year for people who love trains. But most rail enthusiasts don't need a special event to get excited about their...
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