Rail Industry News
Wisconsin kills maintenance contract with Talgo; lawsuit threatened
(Source: Milwaukee Journal-Sentinel, April 15, 2012) MILWAUKEE, Wisc. — State officials have canceled a $116 million maintenance contract with a Spanish-owned train manufacturer, escalating a political and legal dispute over two brand-new trains that already have cost...
Amtrak says Kansas rail service could move by 2016
(Source: Associated Press, April 13, 2012) HUTCHINSON, Kan — If money to upgrade and maintain Amtrak's Southwest Chief route through Kansas isn't promised by 2014, the passenger rail service will start the process of moving the route out of the state by 2016, Amtrak...
Opinion: An economic recovery that leaves workers further behind
(Source: Washington Post, April 10, 2012) WASHINGTON, D.C. — Why is this recovery different from all other recoveries? What really sets the current recovery apart from all its predecessors is this: Almost three years after economic growth resumed, the real value of...
Amtrak on pace to set new ridership record
(Source: Amtrak press release (PDF), April 11, 2012) WASHINGTON, D.C. — Amtrak is on pace to set another new annual ridership record as passenger counts across its national network for the first six months of fiscal year 2012 (October 2011 – March 2012) are up 3.7...
CP Rail upgraded to buy as annual meeting looms
(Source: Financial Post, April 12, 2012) OTTAWA — With just over a month to go until its annual meeting, Canadian Pacific Railway Ltd. was upgraded to buy from neutral by an analyst at Bank of America Merrill Lynch. Full story: Financial Post
Union Pacific to announce first quarter 2012 results on April 19
(Source: Union Pacific press release, April 12, 2012) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation's first quarter 2012 earnings release presentation that will be broadcast live over the Internet or via teleconference on Thursday, April 19,...
First quarter 2012 earnings preview: CSX
(Source: Forbes, April 12, 2012) NEW YORK — Analysts have become increasingly bearish on CSX in the month leading up to the company’s first quarter earnings announcement schedule for Tuesday, April 17, 2012. The consensus analyst estimate has moved from 40 cents a...
Amtrak ridership rises 15.8% in Tampa
(Source: Tampa Tribune, April 13, 2012) TAMPA, Fla. — Amtrak is chugging toward an annual ridership record, and Tampa is moving at four times the national rate. Ridership from October through March grew 3.7 percent nationwide compared with the same period last year....
AAR: Railroads intermodal volume up 1.1 percent for week ending April 7, 2012
(Source: Association of American Railroads press release, April 12, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending April 7, 2012, with U.S. railroads originating 270,974 carloads, down...
Southern California toll group drivers join Teamsters in historic organizing win
(Source: Journal of Commerce, April 12, 2012) LOS ANGELES — The Journal of Commerce reported that employee drivers who work for the Toll Group logistics company in Southern California won an historic election Wednesday to become one of the few harbor trucking fleets...
California bullet train plan approved by state rail agency
(Source: Los Angeles Times, April 12, 2012) SAN FRANCISCO — A formal plan to build a California bullet train that would become partially operational in 10 years was approved by the state rail agency Thursday, though the blueprint was amended at the last minute to...
First Lady Michelle Obama visit KCS yard in Shreveport
(Source: The News Star, April 12, 2012) MONROE, La. — First Lady Michelle Obama is at Kansas City Southern Railways in Shreveport to mark a milestone as well as an anniversary for the Joining Forces initiative. Full story: The News Star
OSHA orders CSX to pay more than $186,000 to illegally fired track worker
(Source: Albany Times-Union, April 12, 2012) ALBANY, N.Y. — CSX Transportation, Inc., must pay more than $186,000 to a worker who was illegally fired after he raised safety issues, the U.S. Labor Department's Occupational Safety and Health Administration announced...
BLET member helps make Omaha rail crossings safer
(Source: Omaha World-Herald, April 13, 2012. Chris Dittus is a member of BLET Division 183 in Omaha, Neb.) OMAHA, Neb. — When you’re at the gears of a locomotive and you see a car or a person on the tracks, you think about hitting the brakes. But you also know the...
Union Pacific to make track and infrastructure improvements in Kansas
(Source: Union Pacific press release, April 22, 2012) OMAHA, Neb. — Union Pacific Railroad is enhancing Kansas' transportation infrastructure by investing $14.4 million in the rail line that runs between Kansas City and just east of Topeka. The project is in progress...
Decision expected by end of month on shutting down Chicago rail liness during NATO
(Source: Chicago Sun-Times, April 12, 2012) CHICAGO — Commuters getting a bit antsy about whether their ride to and from work will be disrupted during next month’s NATO Summit will get some answers by the end of the month, Metra said Wednesday. That’s when the U.S....
Good news for CP may be bad for Ackman
(Source: Globe and Mail, April 11, 2012) TORONTO — The drawn-out proxy fight between Pershing Square’s Bill Ackman and Canadian Pacific Railway Ltd. management may become more complicated when the railway announces upbeat first-quarter results on April 20, says...
California state senators say they won’t rush bullet train plans
(Source: Los Angeles Times, April 12, 2012) LOS ANGELES — The plan to build the California bullet train is almost certain to be approved Thursday by the state's high-speed rail authority at a board meeting in San Francisco, but the project is facing a less certain...
GE, Caterpillar face off in hot locomotive market
(Source: Wall Street Journal, April 12, 2012) NEW YORK — Caterpillar is trying to catch up with General Electric in the locomotive market amid a surge in demand. According to the Wall Street Journal, rising profits are allowing railroad companies to upgrade their...
NJ Transit spends $408 million on locomotives built specially for scuttled tunnel
(Source: The Record, April 12, 2012) WOODLAND PARK, N.J. — Governor Christie killed the Hudson River rail tunnel nearly two years ago, but New Jersey taxpayers will still pay more than $408 million for locomotives built specially for the project. Full story: The...
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