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Rail Industry News

Waves damage BNSF rail line in Washington state

(Source: Associated Press, January 26, 2012) EVERETT, Wash. — A BNSF Railway spokesman says waves crashing over the seawall at four spots between Everett and Mukilteo, Wash., have washed rocks away from one of two sets of mainline tracks in the area. Full story: News...

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KCS announces tender offer and consent solicitation

(Source: Kansas City Southern press release, January 25, 2012) KANSAS CITY, Mo. — Kansas City Southern announced today that its wholly-owned subsidiary, The Kansas City Southern Railway Company, a Missouri corporation (the “Company” or “KCSR”), has commenced a cash...

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Obama calls on Congress to fund infrastructure projects

(Source: Progressive Railroading, January 25, 2012) In his State of the Union Address yesterday, President Obama called on Congress to fund efforts to rebuild the country’s infrastructure. Although the president did not mention rail as he has in previous State of the...

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NS boosts capital spending by 12 percent for 2012

(Source: Progressive Railroading, January 25, 2012) During its fourth-quarter earnings conference call, Norfolk Southern Corp. announced it has budgeted $2.4 billion for capital spending in 2012, up 12 percent compared with 2011’s $2.16 billion budget. Replacement and...

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