Rail Industry News
NJ Transit seeks federal fix for aging rails
(Source: Wall Street Journal, March 16, 2012) NEW YORK — NJ Transit officials said they will respond to the railroad’s aging infrastructure and crippling delays by meeting with federal leaders to plead for more money. The New Jersey Department of Transportation will...
NS slow order bogs down high-speed Amtrak service in Michigan
(Source: Chicago Tribune, March 15, 2012) CHICAGO — A slow order imposed by Norfolk Southern is adding as much as 90 minutes to the total scheduled trip time of 5-1/2 hours for Amtrak trains traveling between Chicago and Detroit. NS cited safety concerns for imposing...
FRA helps kick-off Seattle-Portland rail project
(Source: Federal Railroad Administration (FRA) press release, March 15, 2012) SEATTLE, Wash. — Federal Railroad Administrator Joseph C. Szabo today visited King Street Station in Seattle to celebrate the Pacific Northwest Passenger Rail Corridor construction project,...
U.S. poised for passenger rail boom
(Source: Forbes.com, March 15, 2012) CHICAGO — Of planes, trains, and automobiles, only one can accommodate America’s growing need for urban and intercity transportation, according to a panel of transportation officials who gathered in Chicago Wednesday. Full story:...
Railroads, Republicans muscling out Amtrak
(Source: Forbes.com, March 15, 2012) CHICAGO — America’s leading freight railroads are plotting their return to passenger service as Amtrak faces a threat from privatizing politicians in Congress, a former Amtrak CEO said in Chicago Wednesday. Full story:...
Indiana company denies governor’s claim it is adding jobs because of new right-to-work law
(Source: Associated Press, March 15, 2012) INDIANAPOLIS — The lone company being held out as an example of how Indiana's right-to-work law is bringing more business to the state says the new labor law had nothing to do with its decision to expand its Indiana...
Hoffa pledges continued support of effort to turn green jobs into good jobs
(Source: International Brotherhood of Teamsters press release, March 15, 2012) LOS ANGELES — On March 15, Teamsters General President Jim Hoffa reinforced the union’s support of building a sustainable, green supply chain that also provides jobs with good wages and...
Railroad stocks up at close of March 15 trading
(Source: Associated Press, March 15, 20102) NEW YORK — Shares of some top railroad companies were up at the close of trading, including CSX, which rose 8.5 percent, and Union Pacific, which rose 5.0 percent. Full story: CBS News
Canadian National sees solid first quarter
(Source: Reuters, March 15, 2012) OTTAWA — First-quarter financial results at Canadian National Railway will be better than those of the year-before quarter, when operations were hit by severe winter conditions, the chief financial officer of the Canada's biggest...
CSX sees record earnings despite coal slump
(Source: Reuters, March 15, 2012) NEW YORK — CSX Corp. projected record first-quarter earnings thanks to strong intermodal and merchandise business that will more than offset slumping coal consumption caused by warm winter weather and low natural gas prices, the...
AAR: Railroads report intermodal traffic up 4.2 percent over 2011
(Source: Association of American Railroads press release, March 15, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending March 10, 2012, with U.S. railroads originating 278,728 carloads, down...
Short line operator Genesee & Wyoming reports decrease in February 2012 traffic
(Source: Genessee & Wyoming press release, March 13, 2012) GREENWICH, Conn. — On March 13, Genesee & Wyoming Inc. reported traffic volumes for February 2012. GWI’s traffic in February 2012 was 72,245 carloads, a decrease of 442 carloads, or 0.6 percent, compared with...
RailAmerica reports 9.9 percent gain in total freight carloads during February 2012
(Source: RailAmerica press release, March 7, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. reported that its total freight carloads in February 2012 were 69,590, up 9.9% from 63,347 in February 2011. The Company increased shipments in February 2012 in ten out of twelve...
Amtrak future explored in Pueblo, Colo.
(Source: Pueblo Chieftain, March 15, 2012) PUEBLO, Colo. — Since 1821, a route across Kansas, Colorado’s Eastern Plains and over Raton Pass into northern New Mexico has carried countless travelers to the American Southwest, from ox carts to stagecoaches to the...
Railroad stocks down at close of March 14 trading
(Source: Associated Press, March 14, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on March 14, including CSX, which fell 2.9 percent, and Norfolk Southern, which fell 3.1 percent. Full story: CBS News
Even after record 3-month stretch, customers continue to rail on NJ Transit over delays
(Source: Newark Star-Ledger, March 15, 2012) NEWARK, N.J. — NJ Transit just had the best three-month stretch of train on-time performance in the history of the agency, but some riders continue to complain of delays. Full story: Newark Star-Ledger
California high-speed rail panel promises changes
(Source: San Francisco Chronicle, March 15, 2012) SAN FRANCISCO, Calif. — When the California High-Speed Rail Authority finishes tweaking its business plan in a few weeks, expect the cost to drop, the construction time to be shortened and improvements along the...
KCS CEO Starling paid $3.35 million in 2011
(Source: Kansas City Business Journal, March 14, 2012) KANSAS CITY, Mo. — According to a report in the Kansas City Business Journal, Kansas City Southern CEO David Starling received compensation valued at $3.35 million last year. Full story: Kansas City Business...
Senate transportation bill far from transformative, despite soaring gas prices and rising transit ridership
(Source: Huffington Post, March 14, 2012) WASHINGTON, D.C. — Gas prices are up. More people are relying on mass transit instead of driving their own cars. But the transportation bill the Senate will consider on Tuesday does very little to help shift Americans away...
Hoffa: Sign petition to protect bargaining rights of Michigan’s workers
(Source: Message from International Brotherhood of Teamsters General President James P. Hoffa, March 14, 2012) WASHINGTON, D.C. — In the entire history of the United States, there was only one era when working-class wages rose by as much as the incomes of...
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