Rail Industry News
Boxer, Mica call on conference committee to forge agreement on transportation bill
(Source: Progressive Railroading, May 9, 2012) Failure to produce long-term legislation that would fund the nation’s surface transportation programs is “not an option,” Sen. Barbara Boxer (D-Calif.) said yesterday in her opening statement at the congressional Surface...
Teamster-endorsed gubernatorial candidate in Wisconsin will fight for return of collective bargaining rights
(Source: International Brotherhood of Teamsters press release, May 9, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa today said Wisconsin voters are demanding change after a year of Gov. Scott Walker's job-killing policies. Hoffa’s statement followed...
May 10, 1869: First transcontinental railroad is completed
(Source: The Tennessean, May 10, 2012) NASHVILLE, Tenn. — The “golden spike” was driven at Promontory Summit, Utah Territory, May 10, 1869, by Central Pacific Railroad President Leland Stanford, completing the first transcontinental railroad connecting the West Coast...
NS to display equipment at National Train Day in Chicago
(Source: Norfolk Southern press release, May 9, 2012) CHICAGO, Ill. - A vintage F7 locomotive in Southern Railway’s “tuxedo” paint scheme, a Heritage locomotive in Pennsylvania Railroad livery, and Norfolk Southern’s Exhibit Car will represent Norfolk Southern’s past,...
Los Angeles to mark National Train Day at Union Station
(Source: Los Angeles Times, May 9, 2012) LOS ANGELES — Train tracks carry a lot of history. In 1862, President Lincoln inked the Pacific Railroad Act to fund construction of a transcontinental rail route. Seven years later it was completed with the symbolic golden...
Columbia River Gorge featured in BNSF, GE television commercial
(Source: The Columbian, May 8, 2012) VANCOUVER, Wash. — When General Electric wanted to put its work on display, the showcase included a stretch of the Columbia River Gorge a few miles east of Washougal. Full story: The Columbian
Ackman’s Pershing Square wins two more endorsements before CP Rail meeting
(Source: Reuters, May 9, 2012) NEW YORK — Two more proxy advisory firms backed activist investor William Ackman in his bid to shake-up Canadian Pacific Railway Ltd, a further boost for Ackman's Pershing Square Capital Management in its proxy fight with Canada's No. 2...
BNSF, Montana landowners reach $36 million settlement in pollution lawsuit
(Source: Livingston Enterprise, May 9, 2012) GREAT FALLS, Mont. — Livingston landowners who filed a pollution suit against BNSF Railway Company will receive $36 million through a preliminary settlement agreement reached this week in Great Falls. Full story: Livingston...
Railroad stocks down at close of May 8 trading
(Source: Associated Press, May 8, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on May 8, including CN, which fell 2.7 percent, and Kansas City Southern, which fell 0.1 percent. Full story: CBS News
New Amtrak station to relieve rush-hour crowds at Penn Station in first phase of project
(Source: NorthJersey.com, May 8, 2012) The time it takes New Jersey’s rail commuters to exit Penn Station will be cut in half as a result of a long-stalled construction project that will finally begin later this year, officials said Tuesday. Full story:...
STB approves Michigan rail line assets transfer, enabling high-speed rail service
(Source: Surface Transportation Board press release, May 8, 2012) WASHINGTON, D.C. — The Surface Transportation Board announced today that the Michigan Department of Transportation (MDOT) does not need Board approval to acquire certain physical assets of a Norfolk...
Amtrak’s “basic training” for veterans
(Source: Mineola Monitor, May 9, 2012) MINEOLA, Texas — An East Texas transportation committee is attempting to make life easier for veterans traveling to the VA Hospital in Dallas. The project could lead the way to helping the general public make use of rail travel...
Fastest auto sales since 2008 help boost to UP, NS
(Source: Bloomberg News, May 9, 2012) NEW YORK — Union Pacific Corp. and Norfolk Southern Corp. are piggybacking off a resurgence in U.S. auto sales that’s generating the most business for railroads in four years. Full story: Bloomberg News
BNSF boosts profit 16 percent on mild volume gain
(Source: Journal of Commerce, May 8, 2012) WASHINGTON, D.C. — The Journal of Commerce is reporting that BNSF Railway boosted its first quarter 2012 profit nearly 16 percent year-over-year to $701 million, as higher pricing and a 3 percent volume rise pushed revenue up...
Ackman CEO win seen without full CP Rail slate
(Source: Bloomberg News, May 8, 2012) NEW YORK — William Ackman’s push to oust the chief executive officer of Canadian Pacific Railway Ltd. (CP) may succeed even if some of the hedge-fund manager’s board nominees lose in a proxy vote. Source: Bloomberg News
High-speed rail cited as critical issue to downtown Springfield, Ill.
(Source: State Journal-Register, May 8, 2012) SPRINGFIELD, Ill. — Increased traffic from high-speed passenger and freight trains is the big unknown for the future of downtown Springfield, local officials told a team of urban-design specialists from across the country...
Railroad stocks mixed at close of May 7 trading
(Source: Associated press, May 7, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 7 including CSX, which fell 0.7 percent, and Norfolk Southern, which rose 0.5 percent. Full story: CBS News
Metrolink chief executive will leave to take Florida job
(Source: Los Angeles Times, May 8, 2012) LOS ANGELES — Metrolink Chief Executive John Fenton, who worked to improve the service and safety of the struggling commuter line following the deadly Chatsworth crash, announced his resignation Monday to head a Florida-based...
Insiders pessimistic about House, Senate highway bill talks
(Source: The Hill, May 7, 2012) WASHINGTON, D.C. — The committee of lawmakers appointed to negotiate a new federal highway bill will meet for the first time Tuesday, beginning their talks amid low expectations for a deal in a charged election-year environment. Many...
Bomb threat halts Amtrak train in Harwood
(Source: Gonzales Inquirer, May 4, 2012) GONZALEZ, Texas — According to a report from the Gonzales County Sheriff’s Office, at 1:50 a.m. Friday, May 4, the sheriff’s department received a 911 call from a cell phone saying there was a bomb on an Amtrak train near...
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