Rail Industry News
Ackman’s Pershing boosts Canadian Pacific stake
(Source: Bloomberg News, February 15, 2012) NEW YORK — Pershing Square Capital Management LP, the hedge fund run by William Ackman, boosted its stake in Canadian Pacific Railway Ltd. (CP) to about 14 percent of the company’s stock and cut its holding in Kraft Foods...
Amtrak party for high-speed rail today in Michigan
(Source: Kalamazoo Gazette, February 15, 2012) KALAMAZOO, Mich. — A special Amtrak train will come into Kalamazoo today to celebrate the increase to 110 mph. The train arrives in Kalamazoo at 10:10 a.m. and departs 11:05 a.m. Full story: Kalamazoo Gazette
Norfolk Southern signs deal with renewable diesel fuel companies
(Source: Norfolk Southern press release, February 14, 2012) NORFOLK, Va. — Dynamic Fuels, LLC and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation, one of the nation’s largest transporters of coal and industrial...
Union Pacific to invest in Oregon, California infrastructure improvements
(Source: Union Pacific Railroad press releases, February 13, 2012) OMAHA, Neb. — Union Pacific Railroad is enhancing the Oregon transportation infrastructure by investing $6.5 million in its Kenton and Graham Lines in the Portland Metropolitan area. The project...
Union Pacific to expand south Louisiana operations
(Source: Associated Press, February 15, 2012) ADDIS, La. — Union Pacific Railroad says it will spend $200 million to expand its operations in South Louisiana to meet expected higher customer demand from petrochemical plants along the Mississippi River. The plans call...
California rail yard clean-up plan prompts contempt allegation
(Source: Press-Enterprise, February 15, 2012) RIVERSIDE, Calif. — Railroad officials have asked a federal judge to find Southern California’s air quality chief Barry Wallerstein and other air district officials in contempt of court in a long-running legal dispute over...
DOT recommends $2.2 billion to strengthen rail, bus transit projects
(Source: U.S. Department of Transportation press release, February 14, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today recommended $2.2 billion in funding to begin or advance construction of 29 significant rail and bus rapid transit projects in...
RailAmerica’s carloads rose, Genesee & Wyoming’s fell in January
(Source: Progressive Railroading, February 14, 2012) RailAmerica Inc. reported January carloads totaling 71,737, up 4 percent compared with January 2011. Same-railroad carloads increased 3.2 percent. Meanwhile, Genesee & Wyoming Inc. (GWI) yesterday reported January...
California High-Speed Rail Authority may team with Caltrain
(Source: Huffington Post, February 14, 2012) LOS ANGELES — Under a new plan currently being negotiated between the California High-Speed Rail Authority and a number of regional transit agencies, the proposed high-speed linkage between San Francisco and San Diego would...
House GOP plan would bankrupt Highway Trust Fund, report says
(Source: Journal of Commerce, February 13, 2012) WASHINGTON, D.C. — An analysis by the Congressional Budget Office estimates the Republican-backed surface transportation plan would cause a $9.4 billion shortfall in Highway Trust Fund expenditures by the end of fiscal...
NTSB issues final report on fatal 2009 CN derailment in Illinois
(Source: National Transportation Safety Board press release, February 14, 2012) WASHINGTON, D.C. — The National Transportation Safety Board (NTSB) today determined that the washout of a track structure and the failure to notify an oncoming train of the washout in...
Teamsters celebrate, remember James R. Hoffa
(Source: International Brotherhood of Teamsters press release, February 13, 2012) WASHINGTON, D.C. — Each year in February, Teamsters take a moment to reflect upon and remember a leader who changed the course of history for working men and women in America. James R....
Maglev asset auction scheduled for March 6
(Source: Pittsburgh Post-Gazette, February 14, 2012) PITTSBURGH, Pa. — Harry Davis & Co. announced plans Monday to auction off the assets of Maglev Inc., a McKeesport-based high-speed rail developer that filed for bankruptcy in July. Full story: Pittsburgh...
KCS sues city of Lewisville after tractor-trailer collides with train
(Source: Southeast Texas Record, February 13, 2012) SHERMAN, Texas — Kansas City Southern Railway Co. filed a lawsuit against the city of Lewisville after a city employee drove a tractor-trailer into the path of an oncoming train and caused a collision on May 3, 2010....
GE Transportation invests in cleaner Evolution locomotive
(Source: Erie Times-News, February 12, 2012) ERIE, Pa. — The Evolution series locomotive, touted as the most environmentally friendly locomotive ever built, has to get even cleaner. Full story: Erie Times-News
EGT, ILWU finalize contract for Longview grain terminal
(Source: Oregon Live, February 10, 2012) PORTLAND, Ore. — EGT LLC and union longshore workers on Friday inked a collective bargaining agreement for staffing the company's new grain export terminal in Longview, Wash. Full story: Oregon Live
Obama budget contains nearly $35 billion for passenger rail
(Source: Los Angeles Times, February 13, 2012) LOS ANGELES — The Obama administration, which has been urging California to push through growing opposition to its high-speed rail project, asked Congress on Monday for nearly $35 billion in passenger rail funding over...
DOT’s proposed budget invests $74 billion in safe, efficient, and innovative transportation programs
(Source: U.S. Department of Transportation press release, February 13, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today praised President Obama’s $74 billion budget for the U.S. Department of Transportation. These funds will lay a new foundation...
Obama budget proposal gives $476 billion to transportation over 6 years
(Source: Journal of Commerce, February 13, 2012) WASHINGTON, D.C. — Under a $3.8 trillion budget released Monday, President Barack Obama directs Congress to spend $476 billion over the next six years on transportation infrastructure, or roughly $80 billion annually....
Union Pacific 150th anniversary: Railroad expands Abraham Lincoln’s vision
(Source: Union Pacific press release, February 10, 2012) OMAHA, Neb. — When Abraham Lincoln signed the Pacific Railway Act of July 1, 1862, creating the original Union Pacific, his vision for the transcontinental railroad was to connect a nation from east to west....
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