Rail Industry News
Amtrak CEO: New rail tunnels to New York critical
(Source: Philadelphia Inquirer, April 11, 2012) PHILADELPHIA — As Amtrak continues to set ridership records, chief executive Joseph Boardman said Wednesday that new rail tunnels to New York are "critical" to meeting growing passenger demand. Amtrak is seeking $35...
Ohio commemorates 150th anniversary of Civil War’s Great Locomotive Chase
(Source: Toledo Blade, April 12, 2012) TOLEDO, Ohio — One hundred and fifty years ago, a band of Union soldiers that would come to be known as Andrews' Raiders stole a train and set off on an ill-fated mission that created for them a permanent spot in Civil War...
RRB makes two executive appointments
(Source: Railroad Retirement Board press release, April 10, 2012) CHICAGO — The U.S. Railroad Retirement Board (RRB) has made two appointments related to its senior-level Executive Committee. Keith B. Earley has been appointed as the RRB’s Director of Administration,...
RailAmerica reports March 2012 monthly carloads down 3% from 2011
(Source: RailAmerica press release, April 11, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. today reported that its total freight carloads in March 2012 were 74,414, down 3.0% from 76,732 in March 2011. The Company increased shipments in March 2012 in four out of 12...
FRA heralds groundbreaking of Dearborn intermodal train and bus station
(Source: Federal Railroad Administration press release, April 10, 2012) DEARBORN, Mich. — Federal Railroad Administrator Joseph C. Szabo today joined Senator Carl Levin and Congressman John Dingell to break ground on a new $28.2 million federally-funded intermodal...
Caltrain posts all-time high weekday ridership
(Source: Caltrain press release, April 5, 2012) SAN CARLOS, Calif. — Caltrain’s annual ridership count confirms what riders already know – more people are riding the train than ever before. Initial findings from the annual ridership count presented today at the...
N.J. governor slammed over tunnel cost estimate
(Source: Philadelphia Inquirer, April 10, 2012) PHILADELPHIA, Pa. — When Gov. Christie canceled a rail tunnel linking New Jersey and New York City by citing the burden it could place on New Jersey taxpayers, he overstated the estimated costs associated with the...
Canadian Pacific announces expectations for first-quarter 2012
(Source: Canadian Pacific Railway press release, April 10, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today announced that the Company expects to report first-quarter 2012 diluted earnings per share (EPS) in the range of 80 to 83 cents. This exceeds our...
Meth, cocaine found in locomotive at UP’s Bailey Yard
(Source: Wausau Daily Herald, April 10, 2012) NORTH PLATTE, Neb. — Cocaine and cellophane-wrapped packages of methamphetamine have been found in a locomotive at a western Nebraska rail yard. Authorities say workers in the diesel shop at Union Pacific's Bailey Yard in...
Big no-tax corporations just keep on dodging
(Source: Citizens for Tax Justice press release, April 9, 2012) WASHINGTON, D.C. — Last November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a major study of the federal income taxes paid, or not paid, by 280 big, profitable...
Hoffa supports “Buffett Rule” tax rate on wealthiest Americans
(Source: International Brotherhood of Teamsters press release, April 10, 2012) WASHINGTON, D.C. — The following is a statement by Teamsters General President Jim Hoffa in support of President Obama’s proposal to pass the Buffett Rule: “America’s wealthiest people...
RRB: Legislation to continue payroll tax reduction and extended unemployment benefits will aid railroad workers
(Source: U.S. Railroad Retirement Board press release, March 5, 2012) CHICAGO — Railroad employees will continue to receive the benefit of reduced payroll taxes and access to extended unemployment benefits under legislation signed by the President on February 22. That...
RailAmerica completes acquisition of majority interest in the Wellsboro & Corning Railroad and Industrial Waste Group
(Source: RailAmerica press release, April 9, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro & Corning Railroad (WCOR) and Industrial Waste Group (IWG) from Myles Group...
Alaska Railroad credit rating gets hit after Senate’s $30 million funding cut
(Source: Kansas City Star, April 10, 2012) WASHINGTON — Moody's Investors Service has lowered the outlook for Alaska Railroad bonds from stable to negative, saying the U.S. Senate's move to gut the railroad's budget could leave it short of money to pay off debt. Full...
Report disputes N.J. governor’s basis for halting train tunnel
(Source: New York Times, April 10, 2012) NEW YORK — Gov. Chris Christie of New Jersey exaggerated when he declared that unforeseen costs to the state were forcing him to cancel the new train tunnel planned to relieve congested routes across the Hudson River, according...
Congresswoman Jackson Lee presses for bullet train in Texas
(Source: Houston Chronicle, April 6, 2012) HOUSTON, Texas — Officials in Japan and South Korea told Houston Congresswoman Sheila Jackson Lee that they are interested in helping Texas build a high-speed rail line between Houston and Dallas. Full story: Houston...
Dearborn, Amtrak celebrate construction of new train station near Henry Ford attractions
(Source: Associated Press, April 10, 2012) DEARBORN, Mich. — A Detroit suburb is celebrating construction of a $28 million train station that will provide easy access to Henry Ford Museum and Greenfield Village. Full story: The Republic
No tourists allowed at new 40,000-square-foot hotel in Chattanooga
(Source: Times Free Press, April 10, 2012) CHATTANOOGA, Tenn. — A new hotel that caters specifically to Class 1 railroad employees is under construction in Chattanooga, Tenn. According to the Chattanooga Times Free Press, room quality will be comparable to a Holiday...
Rep. Sanchez ‘quite disappointed’ Anaheim cut from California bullet train plan
(Source: Los Angeles Times, April 9, 2012) LOS ANGELES — Rep. Loretta Sanchez, the Orange County Democrat who has strongly backed the Obama administration’s high-speed rail agenda, said Monday that she is “quite disappointed” by the California bullet train authority’s...
Congressional panel launches probe of California’s high-speed rail project
(Source: Los Angeles Times, April 10, 2012) LOS ANGELES — A congressional committee has launched a wide-ranging examination of the California high-speed rail project, including possible conflicts of interest and how the agency overseeing it plans to spend billions of...
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