Rail Industry News
Railroad stocks up at close of April 25 trading
(Source: Associated Press, April 25, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on April 25, including CN, which rose 2.3 percent, and Norfolk Southern, which rose 3.8 percent. Full story: CBS News
EPA settles with BNSF for improperly handling contaminated soil in North Portland
(Source: Environmental Protection Agency press release, April 25, 2012) PORTLAND, Ore. — The BNSF Railway Company has settled with the U.S. Environmental Protection Agency for mishandling and transportation of contaminated soil from a construction project near the...
BNSF hauls cleaner coal, sidesteps ugly downturn
(Source: Forbes, April 24, 2012) NEW YORK — Berkshire Hathaway’s BNSF Railway unit is suffering least from the dramatic decline in the demand for coal among the nation’s power generators, further evidence that Warren Buffett chose the right railroad to buy. Full...
STB: U.S. Class I workforce grew in March
(Source: Progressive Railroading, April 25, 2012) After shrinking in February, the U.S. Class I workforce grew a bit bigger last month. As of mid-March, the large roads employed 160,523 people, a 0.8 percent increase compared with February’s level and 3 percent gain...
Workers’ Memorial Day Statement by General President Hoffa
(Source: Statement by International Brotherhood of Teamsters General President James P. Hoffa (PDF), April 28, 2012) WASHINGTON, D.C. — In the United States, Canada, and many other countries worldwide, Workers’ Memorial Day is when we remember and honor our fallen...
Al Qaeda’s 2008 plan to hit Long Island Rail Road revealed
(Source: CNN, April 24, 2012) NEW YORK — New details emerged in federal court in Brooklyn on Monday of a plan al Qaeda hatched in the summer of 2008 to bomb the Long Island Rail Road. Bryant Neal Vinas, a confessed American al Qaeda operative who joined the terrorist...
Amtrak’s Gateway proposal includes ‘Bergen Loop’ to N.Y.C.
(Source: The Record, April 24, 2012) Bergen and Passaic county commuters could have a direct ride into New York if Amtrak’s proposed Gateway project is built, an official said Tuesday. Full story: The Record
UP making infrastructure improvements in Idaho, Colorado
(Source: Union Pacific press releases, April 24, 2012) OMAHA, Neb. — The Union Pacific Railroad is making infrastructure improvements to its Colorado rail line that runs between Grand Junction and Cameo. The project is in progress and is scheduled to be completed by...
Railroad stocks up at close of April 24 trading
(Source: Associated Press, April 24, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on April 24, including CP Rail, which was up 2.4 percent, and Kansas City Southern, which was up 6.0 percent. Full story: CBS News
Opinion: High-speed rail a part of the American ethic
(Source: Merced Sun-Star, April 25, 2012) MERCED, Calif. — We know what makes cities and regions successful and what makes them decline. The record shows that the following are requirements: stable government, active trade between regions, connectivity between urban...
Norfolk Southern declares quarterly dividend
(Source: Norfolk Southern press release, April 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 47 cents per share on its common stock, payable on June 11, to stockholders of record on May 4. Since its inception...
Profits rise at Kansas City Southern, Norfolk Southern
(Source: Reuters, April 24, 2012) NEW YORK — Railroads Kansas City Southern and Norfolk Southern each reported higher quarterly profit that beat Wall Street estimates, as automotive and intermodal shipments more than offset weakness in coal volume. Full story:...
Teamsters: NLRB vote in Senate shows who is on the side of middle-class workers
(Source: International Brotherhood of Teamsters press release, April 24, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa today said he is pleased a majority of U.S. senators voted to uphold National Labor Relations Board reforms that make union...
Senate votes down motion to block NLRB union election rule
(Source: The Hill, April 24, 2012) WASHINGTON, D.C. — The Senate on Tuesday voted down a Republican-backed motion intended to block a National Labor Relations Board (NLRB) rule to speed up union elections. In a largely party-line vote, the Senate, as expected, voted...
Railroad Retirement benefits for spouses
(Source: U.S. Railroad Retirement Board press release, March 6, 2012) CHICAGO — In addition to the retirement annuities payable to employees, the Railroad Retirement Act, like the Social Security Act, also provides annuities for the spouses of retired employees....
Hoffa: America’s recovery depends on good, green jobs
(Statement by Teamsters General President James P. Hoffa, April 22, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa issued the following statement as part of the union’s observance of Earth Day. “As we prepare to celebrate Earth Day this year, I am...
DOT seeks bidders for double-decker Amtrak rail cars
(Source: Associated Press, April 23, 2012) GRAND RAPIDS, Mich. — The Obama administration is putting out a $551 million request for bids for 130 new U.S.-made double-deck passenger railcars to serve Amtrak routes in Michigan and other states. Full story: Battle Creek...
Study says California bullet train authority underestimates operating costs
(Source: Los Angeles Times, April 24, 2012) LOS ANGELES — The state rail authority has grossly underestimated future operating costs of California's proposed bullet train, meaning taxpayers potentially will have to provide billions of dollars annually once the system...
Railroad stocks mixed at close of April 23 trading
(Source: Associated Press, April 23, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on April 23, including CN, which fell 0.9 percent, and Union Pacific, which rose 1.6 percent. Full story: CBS News
Transcript of CN first quarter 2012 earnings call now available
(Source: Seeking Alpha, April 24, 2012) A transcript of CN's earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
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