Rail Industry News
Report urges delay in California bullet-train funding decisions
(Source: Los Angeles Times, April 18, 2012) LOS ANGELES — The plan to build a bullet train has so many funding uncertainties and so many other details that remain unclear that the state should delay any decision this year to commit billions of dollars to the project,...
NTSB to hold Board meeting on 2011 BNSF rear-end accident
(Source: National Transportation Safety Board press release, April 17, 2012) WASHINGTON - The National Transportation Safety Board (NTSB) will hold a Board meeting on April 24, 2012, to determine the probable cause of the 2010 collision of the passenger ferry the...
Amtrak security program recognized as ‘Gold Standard’ by TSA
(Source: Amtrak press release (PDF), April 17, 2012) WASHINGTON, D.C. — Amtrak is being recognized by the Transportation Security Administration (TSA) today for earning the federal agency’s highest rating of Gold Standard on the railroad’s most recent Baseline...
CSX gets first quarter 2012 boost from higher rates
(Source: Associated Press, April 17, 2012) JACKSONVILLE, Fla. -- Higher rates helped freight railroad CSX Corp. boost profits by 14 percent despite a drop in coal shipments. CSX said Tuesday that it earned $449 million, or 43 cents per share, in the first quarter, up...
Higher merchandise, intermodal help CSX top Wall Street expectations
(Source: Reuters, April 17, 2012) NEW YORK — CSX Corp reported higher first quarter earnings that beat Wall Street forecasts, as increased merchandise and intermodal shipments more than offset weakness in the coal segment and expenses declined. Full story: Reuters
Canadian Pacific comments on Pershing Square letter to shareholders
(Source: Canadian Pacific Railway press release, April 16, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today issued the following statement in response to Pershing Square's letter to shareholders: "As evidenced by the Company's last three consecutive...
Commuter lines increase number of quiet cars
(Source: USA Today, April 16, 2012) NEW YORK — Riders on New York's Long Island Railroad and Metro-North will have an easier time finding a quiet car now that the busiest commuter rail lines in North America increased the number of quiet spaces this month. Full story:...
CSX profit growth seen slowing as coal demand falls
(Investor's Business Daily, April 16, 2012) NEW YORK — Analysts are expecting CSX Corp. (CSX) to report increases in profit and revenue, as the company leads the way for railroads reporting first-quarter results after the market closes on April 17. Full story:...
Norfolk Southern to expand key yard facility in Bellevue, Ohio
(Source: Norfolk Southern press release, April 16, 2012) BELLEVUE, Ohio — Norfolk Southern this month will begin a $160 million project to expand its Bellevue rail yard in Northern Ohio, a project that will double the yard’s capacity in order to meet rising demand for...
Public transit ridership rises nationwide, thanks to young commuters and high gas prices
(Source: Philadelphia Inquirer, April 17, 2012) PHILADELPHIA — High gas prices and the changing habits of young people are driving a influence budget battles in Washington and state capitals. Nationwide last year, buses, subways, and trains had their second-highest...
Taxpayers would pay $426 to make up for corporate tax haven abuse, small businesses $2,116
(Source: U.S. Public Interest Research Group (PIRG) press release, April 12, 2012) WASHINGTON, D.C. — With Tax Day approaching, a new U.S. Public Interest Research Group (PIRG) report found the average tax filer in 2011 would have to pay $426 to make up for revenue...
House expected to vote today on transportation bill extension
(Source: Journal of Commerce, April 16, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, the House is expected to vote today (April 17) on another 90-day funding extension for surface transportation programs, giving Democratic members the option to begin...
CP Rail pushes full steam ahead on proxy fight
(Source: Globe and Mail, April 16, 2012) TORONTO — Canadian Pacific Railway Ltd. is hoping to gather momentum in a proxy fight when it releases its first-quarter results on Friday, counting on shareholders to warm up to the freight carrier’s turnaround strategy. Full...
Plans in the works for Galesburg to host Amtrak summit this summer
(Source: Galesburg Register-Mail, April 13, 2012) GALESBURG, Ill., — On the heels of recent news that ridership on state-supported Amtrak trains increased 85 percent since 2006, state Rep. Don Moffitt and other officials are trying to build on that momentum. During a...
Kansas City Southern switches release date of first quarter 2012 results to April 24
(Source: Kansas City Southern press release, April 13, 2012) KANSAS CITY, Mo. — Kansas City Southern (KCS) is revising the time that it will release its financial results for first quarter 2012 to Tuesday April 24, 2012, before the opening of trading on the New York...
Lawsuit alleges Union Pacific police officer choked, beat woman
(Source: Muskogee Phoenix, April 15, 2012) MUSKOGEE, Okla. — A Muskogee woman is suing Union Pacific Railroad after one of its employees, a railroad police officer, allegedly choked and beat her. Full story: Muskogee Phoenix
Amtrak says track work to disrupt Michigan trains
(Source: Associated Press, April 15, 2012) KALAMAZOO, Mich. — Amtrak says there will be some train cancellations and delays for three days starting Monday on the routes from Chicago to Port Huron and Pontiac. Full story: Detroit News
Metra pressing Secret Service for decision on security for NATO summit
(Source: Chicago Tribune, April 15, 2012) CHICAGO — As the countdown continues to next month's NATO summit in Chicago and commuters' concerns rise, Metra's top official said Friday the agency is pressing the U.S. Secret Service to determine whether train service will...
Florida’s SunRail studies who might ride commuter rail
(Source: Orlando Sentinel, April 15, 2012) ORLANDO, Fla. — With locomotives on order and tons of new track delivered, SunRail is now trying to figure who might ride the $1.2 billion commuter train. Full story: Orlando Sentinel
Progress slow but stead on UP’s new intermodal facility in New Mexico
(Source: Las Cruces Sun-News, April 14, 2012) LAS CRUCES, N.M. — As you wend your way to El Paso, have you noticed the construction taking place at the $400-million Union Pacific facility near Santa Teresa? No? Well, you're not alone. Full story: Las Cruces...
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