Rail Industry News
Genesee & Wyoming Inc. reports traffic for April 2012
(Source: Genesee & Wyoming press release, May 11, 2012) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) reported traffic volumes for April 2012. GWI’s traffic in April 2012 was 77,626 carloads, a decrease of 4,564 carloads, or 5.6 percent, compared with April 2011....
Amtrak: Bomb-sniffing dogs to check passengers during NATO
(Source: Chicago Tribune, May 11, 2012) CHICAGO — Bomb-sniffing dogs will be checking passengers and trains at Amtrak's Homewood and Union stations during the NATO summit at McCormick Place later this month, Amtrak said Thursday. Full story: Chicago Tribune
UP loads fewer Powder River Basin coal trains in April
(Source: Progressive Railroading, May 10, 2012) Last month, Union Pacific Railroad loaded 723 coal trains in the Southern Power River Basin compared with 940 trains in April 2011. In the Colorado/Utah region, the Class I loaded 199 coal trains versus 201 a year...
Union Pacific Corporation declares quarterly dividend
(Source: Union Pacific press release, May 10, 2012) OMAHA, Neb. — The Board of Directors of Union Pacific Corporation has declared a quarterly dividend of 60 cents per share on its common stock, payable July 2, 2012, to stockholders of record May 31, 2012. Union...
Amtrak service between Pontiac and Chicago returning, getting faster
(Source: Detroit Free Press, May 10, 2012) DETROIT — After several weeks of service disruptions due to track work on the line, the Wolverine service between Pontiac and Chicago is returning to normal and should even get faster, says the Michigan Department of...
Railroad stocks mixed at close of May 10 trading
(Source: Associated Press, May 10, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 10, including CSX, which rose 0.1 percent, and Norfolk Southern, which fell 0.3 percent. Full story: CBS News
Group aims to raise $10 billion for high-speed rail in Texas
(Source: Fort Worth Star-Telegram, May 9, 2012) FORTH WORTH, Texas — A group led by Central Japan Railway Co. that includes notable Texans such as former Harris County Judge Robert Eckels is seeking roughly $10 billion in private investment to fund a high-speed rail...
How railroads changed American businesses
(Source: Bloomberg News, May 10, 2012) NEW YORK — As the nation's first big businesses, railroad companies were pioneers in a host of fields including corporate organization, accounting practices, labor relations, competitive practices and government regulation. And...
AAR: Railroads report intermodal volume up 3 percent as of May 5, 2012
(Source: Association of American railroads press release, May 10, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending May 5, 2012, with U.S. railroads originating 276,136 carloads, down 2...
Norfolk Southern primed for more growth, CEO tells stockholders
(Source: Norfolk Southern press release, May 10, 2012) NORFOLK, Va. — Saying "we can look back with a lot of satisfaction" on 2011's record performance by Norfolk Southern Corporation, CEO Wick Moorman told stockholders at the company’s 30th annual meeting, held today...
BNSF increased revenue, income in Q1 2012
(Source: Progressive Railroading, May 10, 2012) In the first quarter, BNSF Railway Co. generated total operating revenue of about $5 billion, up 10 percent compared with first-quarter 2011, according to a U.S. Securities & Exchange Commission-filed 10-Q form and a...
Heroic BLET member helps avert potential tragedy in Texas
(Source: Longview News-Journal, May 10, 2012. BLET Editor's Note: T.D. Hellen is a member of Division 857 in Tyler, Texas.) LONGVIEW, Texas — The Longview News Journal reports Longview resident and Union Pacific Railroad locomotive engineer Tom Hellen got a different...
LaHood warns California lawmakers on high-speed rail funds
(Source: Los Angeles Times, May 10, 2012) LOS ANGELES — In a series of meetings with key lawmakers in Sacramento, Transportation Secretary Ray LaHood said that the recent proposal by state Senate leaders to delay a $2.7-billion decision on the high-speed rail project...
May 12 is Amtrak’s National Train Day
(Source: Forbes, May 11, 2012) NEW YORK — Come this weekend, National Train Day will bring celebrations and exhibits to communities all across the country to honor the 143rd anniversary of the U.S.’s first transcontinental railway. Major events — with entertainment,...
Hoffa: Romney shows his true colors with latest attack on working Americans
(Source: International Brotherhood of Teamsters press release, May 8, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa rebutted Mitt Romney's attack today on working families by noting he made his millions as a vulture capitalist who closed factories and...
Why CP’s old-time bondholders have a big say in the future
(Source: Globe and Mail, May 10, 2012) TORONTO — Canadian Pacific Railway Ltd. has a problem over a century in the making. As the company’s war for control with activist investor Bill Ackman rages into its ninth month, obscure bonds issued as far back as 1889 are...
CSX Corporation declares quarterly dividend
(Source: CSX press release, May 9, 2012) JACKSONVILLE, Fla. — Earlier today, the board of directors of CSX Corporation (NYSE: CSX) approved a nearly 17 percent increase in the quarterly dividend on the company’s common stock to $0.14 per share. The dividend is payable...
Railroad stocks down at close of May 9 trading
(Source: Associated Press, May 9, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on May 9, including CP Rail, which fell 0.8 percent, and UP, which fell 1.1 percent. Full story: CBS News
CP Rail says improved metrics show its plan is working
(Source: Canadian Pacific Railway press release, May 9, 2012P CALGARY, Alberta — Canadian Pacific Railway Limited today reported further improvements to the Company’s operating metrics during the month of April, 2012, which were driven by the continued successful and...
Chicago gets central role in National Train Day
(Source: Chicago Sun-Times, May 9, 2012) CHICAGO — Americans of all ages have an ongoing love affair with trains, which isn’t surprising when one considers the role trains have played in our collective history — particularly in Chicago, the nation’s leading railway...
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