Rail Industry News
BNSF plans track improvement projects in South Dakota, Texas
(Source: BNSF Railway press releases, May 23, 2012) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $30 million on maintenance and rail capacity improvement projects in South Dakota this year. BNSF's 2012 capacity enhancement projects in...
Opinion: High-speed rail’s many benefits
(Source: Politio opinion column by Thomas Hart Jr., May 23, 2012) The U.S. needs modern public transportation not dependent on oil or traffic patterns. Most developed nations now have high-speed rail, sleek trains that reach more than 200 mph. Here, this option would...
U.S. Class I workforce expanded in April, STB says
(Source: Progressive Railroading, May 23, 2012) The U.S. Class I workforce expanded slightly in April, growing for the second straight month. As of mid-April, the large roads employed 161,876 people, a 0.8 percent increase compared with March’s level and 3.3 percent...
RailAmerica responds to sale rumors, announces review of strategic alternatives
(Source: RailAmerica press release, May 22, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. today, in response to market rumors, stated that its Board of Directors is considering strategic alternatives, which may include a sale of the Company. In connection with its...
CP Rail strike seen delaying Canada grain shipments
(Source: Reuters Canada, May 23, 2012) WINNIPEG, Manitoba — A strike at Canadian Pacific Railway Ltd., the country's No. 2 railroad, will delay at least 162,000 metric tons (178,574 tons) of grain sold to Canadian Wheat Board buyers, a senior CWB official said on...
Canadian Labour Congress says government interference in CP Rail strike will do ‘irreparable harm’
(Source: Canadian Labour Congress press release, May 23, 2012) OTTAWA, Ontario — The President of the Canadian Labour Congress has written to Labour Minister Lisa Raitt to express “outrage” at her interference in collective bargaining in the strike at Canadian Pacific...
CP Rail announces thousands of temporary layoffs during strike; feds prepare back-to-work legislation
(Source: Canadian Press, May 24, 2012) CALGARY, Alberta — The Canadian Pacific Railway may give temporary layoffs to about 3,400 employees as Canada’s federal labor minister threatened to force an end to a strike by 4,800 running trades employees represented by...
TCRC: We are doing everything we can to find common ground with CP Rail in order to end the strike
(Source: Teamsters Canada Rail Conference press release, May 23, 2012) OTTAWA, Ontario — The Teamsters Canada Rail Conference (TCRC) is still at the negotiating table in an effort to find common ground with Canadian Pacific (CP) in order to end the strike. This...
Anti-labor think tanks have plans to attack Middle Class again
(Source: Mother Jones, May 18, 2012) Five anti-union, anti-worker bills are on the agenda for next year's legislative sessions in the states. They are coming from a couple of anti-union, anti-worker think tanks: Arizona's Goldwater Institute and Michigan's Mackinac...
Rail stocks mixed at close of May 22 trading
(Source: Associated Press, May 22, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 22, including CN, which rose 1.0 percent, and CP Rail, which fell 2.5 percent. Full story: CBS News
Union Pacific shows rising growth as economy recovers
(Source: Investor's Business Daily, May 22, 2012) NEW YORK — While the economic recovery continues to chug along, growth is picking up for Union Pacific. Last month, the nation's largest rail operator delivered its third straight quarter of accelerating profit growth....
LIRR announces $211.5 million in main line infrastructure improvements, including a $55 million facelift for Hicksville Station
(Source: MTA press release, May 20, 2012) LONG ISLAND, N.Y. — MTA Long Island Rail Road customers who travel along one of the busiest corridors of the Railroad will benefit from a series of capital improvements worth $211.5 million over the next five years. Some 40...
High-speed rail work resumes in Illinois along Amtrak line
(Source: State Journal-Register, May 23, 2012) CHATHAM, Ill. — Construction crews are back for a third, and final, season of improvements on the St. Louis-Chicago rail corridor ahead of the scheduled start this fall of test runs for 110-mph passenger trains. Full...
Bullet train plan much improved, but risks remain, panel says
(Source: Los Angeles Times, May 18, 2012) LOS ANGELES — The latest plan to build a California bullet train is a significant improvement over prior plans, but there remain significant risks that should be addressed if the Legislature appropriates money for the project,...
Trains Magazine reports short line operator RailAmerica is for sale
(Source: Trains Magazine, May 14, 2012) According to a report by Fred W. Frailey on the Trains Magazine website, Fortress Investment Group, which took RailAmerica private in 2007, has employed Deutsch Bank to find a buyer for a 56 percent interest in the company. Full...
Striking Teamster Red Cross workers’ life blood on the line
(Source: People's World, May 22, 2012) CLEVELAND — In a unanimous vote May 21 the Cleveland City Council passed a resolution supporting the strike by 400 blood collection workers at Northern Ohio Red Cross. The action followed similar resolutions in Toledo and...
Canada’s commuter trains will run despite CP Rail strike, thanks to TCRC members
(Source: Teamsters Canada Rail Conference press release, May 22, 2012) LAVAL, Ontario — Commuter trains in Vancouver, Toronto and Montréal will run on schedule tomorrow despite the possibility of a strike at Canadian Pacific (CP). The walkout will begin on May 23, at...
TCRC: We have made every reasonable effort to get a settlement
(Source: Teamsters Canada Rail Conference press release, May 23, 2012) OTTAWA, Ontario — The strike at Canadian Pacific began at 0:01 this morning. The parties were unable to reach an agreement despite last minute negotiations right to the strike deadline. "We have...
TCRC begins strike at Canadian Pacific, snarling rail shipments
(Source: Bloomberg News, May 23, 2012) NEW YORK — Teamsters Canada Rail Conference (TCRC) members walked off their jobs at Canadian Pacific Railway Ltd. (CP) today, disrupting cargo shipments and complicating operations for a company trying to replace its chief...
Railroad stocks up at close of May 21 trading
(Source: Associated Press, May 21, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on May 21, including CSX, which rose 2.6 percent, and Norfolk Southern, which rose 3.2 percent. Full story: CBS News
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