Rail Industry News
Berkshire Hathaway annual meeting attracts protest groups
(Source: Associated Press, May 3, 2012) OMAHA, Neb. — Berkshire Hathaway's annual meeting this weekend is expected to attract more than 30,000 people and two groups of protesters hoping to influence CEO Warren Buffett and his shareholders. One group of protesters from...
Railroad stocks down at close of May 3 trading
(Source: Associated Press, May 3, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on May 3, including UP, which fell 0.9 percent, and NS, which fell 1.0 percent. Full story: CBS News
Influential advisory firm endorses Ackman slate in CP Rail battle
(Full story: Reuters, May 4, 2012) TORONTO/BOSTON — An influential advisory firm on Thursday endorsed Pershing Square Capital Management's entire slate of seven nominees to Canadian Pacific Railway Ltd's board in a major boost to the hedge fund's drive to oust the...
California bullet train board approves environmental studies
(Source: Los Angeles Times, May 4, 2012) LOS ANGELES — State bullet train officials Thursday approved the environmental impact studies for an initial section of high-speed track to be built from Merced to Fresno, a decision that sets the stage for possible legal...
California businessman commits $1 billion to high-speed rail
(Source: Modesto Bee, May 3, 2012) FRESNO, Calif. — California businessman Ed McIntyre, a partner in a proposed train maintenance facility, told the California High Speed Rail Authority’s board today in Fresno that he and his partners are prepared to commit up to $1...
AAR: Railroads report mixed traffic for April 2012
(Source: Association of American Railroads press release, May 3, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail carloads originated in April 2012 totaled 1,113,105, down 64,335 carloads or 5.5 percent, compared with April...
95% of TCRC members give strike mandate at CP Rail
(Source: Teamsters Canada Rail Conference press release, April 26, 2012) LAVAL, Quebec — The general committees of the Teamsters Canada Rail Conference (TCRC) representing the conductors, trainmen, yardmen, locomotive engineers and rail traffic controllers employed by...
Ackman rejects Canadian Pacific ‘peace’ deal that would rule out Harrison as CEO
(Source: Bloomberg News, May 2, 2012) NEW YORK — William Ackman, the investor waging a proxy fight to oust Canadian Pacific Railway Ltd. (CP)’s chief executive officer, ruled out a compromise that eliminates Hunter Harrison as a possible successor. Full story:...
BNSF chemical fire in Kansas causes $75,000 in damages
(Source: Capital-Journal, May 2, 2012) TOPEKA, Kan. — A fire that ignited accidentally as a chemist was testing diesel fuel did an estimated $75,000 damage early Monday afternoon in a laboratory on BNSF Railway property, authorities said. No one was hurt. Full story:...
Rail stocks mixed at close of May 2 trading
(Source: Associated Press, May 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading, including CN, which fell 0.2 percent, and CP Rail, which rose 0.2 percent. Full story: CBS News
State-of-the-art grain terminal planned for central Illinois
(Source: State Journal-Register, May 3, 2012) SOUTH JACKSONVILLE, Ill. — One of the nation’s largest grain companies expects to be shipping train loads of central Illinois corn, soybeans and wheat by the fall of 2013 from a state-of-the-art terminal planned in South...
Norfolk Southern breaks ground on new Charlotte Regional Intermodal Facility
(Source: Norfolk Southern press release, May 2, 2012) CHARLOTTE, N.C. — Norfolk Southern Corporation officially broke ground today on the Charlotte Regional Intermodal Facility at Charlotte Douglas International Airport. The facility, which will transfer trailers and...
MBTA, Homeland Security partner on testing of biological sensors in subway
(Source: MBTA press release, May 1, 2012) BOSTON, Mass. — The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has partnered with the Massachusetts Bay Transportation Authority (MBTA) to test a system of newly developed biological...
MBTA chief wants to know why Amtrak sent train down wrong tracks
(Source: Boston Herald, May 2, 2012) BOSTON, Mass. — The MBTA chief wants Amtrak to explain why one of its dispatchers sent a commuter train down the wrong tracks, a mishap that caused an 18-minute delay for commuters during Monday’s evening rush hour. Full story:...
CP Rail directors offer compromise with activist investor
(Source: Globe and Mail, May 2, 2012) TORONTO — Canadian Pacific Railway's embattled directors are signaling that they want to negotiate a peace accord with activist Bill Ackman as the company draws near to a May 17 proxy shootout. Full story: Globe and Mail
BNSF plans infrastructure improvements in Nebraska
(Source: BNSF Railway press release, May 1, 2012) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $202 million on maintenance and rail capacity improvement and expansion projects in Nebraska this year. BNSF's 2012 capacity enhancement...
Trial opens in Livingston landowners’ lawsuit against BNSF Railway over pollutants
(Source: Associated Press, May 1, 2012) GREAT FALLS, Mont. — Attorneys representing Livingston landowners in a pollution suit against BNSF Railway Co. are asking jurors to consider whether BNSF acted as a good neighbor during decades of Livingston operations. Full...
Warren Buffett warned of BNSF coal train blockade by B.C. activists
(Source: Straight.com, May 1, 2012) VANCOUVER, Wash. — A group of British Columbia climate-change activists says it plans to stop BNSF Railway Company trains loaded with U.S. coal from passing through White Rock for one day. Full story: www.straight.com
Towns debate impact of California-Las Vegas high-speed train
(Source: National Public Radio, April 30, 2012) LOS ANGELES — A bullet train that would deliver tourists from southern California to the Las Vegas strip could be the nation's first high-speed rail system to break ground. The private company, DesertXpress, will soon...
Red Cross attacks workers who help protect blood supply
(Source: International Brotherhood of Teamsters press release, May 1, 2012) LANSING, Mich. — The American Red Cross is viciously attacking its workforce in the Midwest. More than 300 qualified, hardworking unionized blood services workers remain on strike over plans...
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