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Rail Industry News

Q&A with Wick Moorman, CEO of Norfolk Southern

(Source: Virginian Pilot, June 4, 2012) NORFOLK, Va. — Wick Moorman began his railroad career at Southern Railway as an 18-year-old co-op student at Georgia Tech. That was in 1970, a dozen years before the merger that created Norfolk Southern Corp. He recently...

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Port expansion leads to KCS speed increases

(Source: Sun Herald, June 1, 2012) GULFPORT, Miss. — Kansas City Southern Railway will increase train speed from 10 miles per hour to 25 mph along segments of its rail line from Gulfport to Hattiesburg. Track upgrades funded for port expansion are allowing KCSR to...

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Railroad stocks up close of May 31 trading

(Source: Associated Press, May 31, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on May 31, including CSX, which rose .01 percent, and Union Pacific, which rose 1.4 percent. Full story: CBS News

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For sale: Rusty relics of a doomed rail project

(Source: New York Times, May 31, 2012) GLENVILLE, N.Y. — On sagging train tracks in an industrial park sit four rusting passenger trains, once the cornerstone of an ambitious plan to create a high-speed rail line between New York City and Albany. Full story: New York...

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