Rail Industry News
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
Norfolk Southern touts exhibit car, heritage locomotives
(Source: Norfolk Southern press release, May 21, 2012) NORFOLK, Va. — Educating and entertaining audiences of all ages with a nod to the company’s heritage on its 30th anniversary, the Norfolk Southern Exhibit Car has launched a 10-state, 15-city public tour....
GO Transit disruptions possible if CP Rail strike takes place
(Source: Toronto Star, May 21, 2012) TORONTO — GO Transit is warning Milton line and Hamilton station commuters that service could be cancelled Wednesday if a Canadian Pacific Rail strike takes place. The Teamsters Canada Rail Conference issued a strike notice...
LIRR’s Grand Central Terminal access cost soars $1 billion over budget
(Source: New York Post, May 22, 2012) NEW YORK — The MTA’s plan to bring the Long Island Rail Road into Grand Central is now nearly $1 billion dollars over budget, officials revealed yesterday. Full story: New York Post
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