Rail Industry News
Pipeline’s end puts U.S. at disadvantage, Union Pacific CEO says
(Source: CNBC, January 19, 2012) NEW YORK — The end of the Keystone Pipeline project puts the U.S. at a competitive disadvantage, the chief executive of the Union Pacific Railroad told CNBC. Source: CNBC
Union Pacific’s export coal business nearly quadruples
(Source: Platts, January 19, 2012) WASHINGTON, D.C. — Class I railroad Union Pacific said Thursday its US export coal volume jumped to 5.2 million st in 2011, a 271.4% increase over its 2010 total of 1.4 million. Full story: Platts
Union Pacific rises to highest level since 1980s
(Source: Bloomberg News, January 19, 2012) NEW YORK — Union Pacific Corp. rose to the highest price in at least 31 years after the biggest U.S. railroad’s profit topped estimates amid shipment-volume gains. The shares increased 2.2 percent to $112.18 at 4 p.m. in New...
AAR: Railroad report intermodal volume up 7.4 percent over 2011
(Source: Association of American Railroads press release, January 19, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported an increase in weekly rail traffic for the week ending January 14, 2012, with U.S. railroads originating 298,560...
U.S. Class I T&E workforce grew slightly in December
(Source: Progressive Railroading, January 19, 2012) As 2011 drew to a close, the U.S. Class Is employed fewer people than they did in November. As of mid-December, the large railroads’ workforce stood at 159,717, down 0.3 percent from November’s level, according to...
Scrap metal thieves steal toilet parts from Amtrak station bathroom
(Source: KTVU.com, January 18, 2012) OAKLAND, Calif. — Scrap metal thieves in Oakland have apparently sunk to a new low, ransacking the bathroom at the Jack London Square Amtrak train station of brass and chrome fixtures and leaving the rail company with a hefty...
Canadian Pacific announces new five year contract with Canadian Tire
(Source: Canadian Pacific Railway press release, January 19, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced today an agreement with Canadian Tire Corporation Limited, which extends to early 2017 and awards the railway with the vast majority of...
Canadian Pacific streamlines locomotive repair system with opening of latest locomotive ‘super shop’ in Toronto
(Source: Canadian Pacific Railway press release, January 18, 2012) CALGARY, Alberta — Canadian Pacific today announced the completion of the capital investments made to enhance the Locomotive Reliability Centre (LRC) in Toronto. This now completes the second phase of...
Harrison: ‘I don’t know why they don’t like me’
(Source: Financial Post, January 19, 2012) OTTAWA — Hunter Harrison says he would be willing to present a more detailed proposal to Canadian Pacific Railway Ltd.’s board for improving the railway’s operations — he just needs to be asked. According to the Financial...
Norfolk passenger rail service to begin by end of 2012
(Source: Virginian-Pilot, January 19, 2012) NORFOLK, Va. — Amtrak passenger trains from Norfolk's Harbor Park to Richmond, Va., and beyond will begin rolling nearly a year earlier than planned, by December 31. Full story: Virginian-Pilot
Heroism awards presented to citizens for assisting after Nevada Amtrak crash
(Source: Lahontan Valley News, January 18, 2012) RENO, Nevada — The Nevada Department of Public Safety-Highway Patrol Division recognized four individuals with a Citizen Commendation certificate, while two others received a Medal of Valor award, for their bravery...
First NS double-stack trains begin to traverse ‘Heartland Connector’ in Ohio
(Source: Progressive Railroading, January 18, 2012) On Jan. 15, Norfolk Southern Railway, the Ohio Rail Development Commission (ORDC), Ohio-Kentucky-Indiana Council of Governments and Ohio Department of Transportation marked the first double-stack intermodal train to...
California governor lashes out at high-speed rail foes in State of the State address
(Source: San Jose Mercury News, January 18, 2012) SAN JOSE, Calif. — During his State of the State address on January 18, California Gov. Jerry Brown defended California's high-speed rail plan despite the pummeling it's taken in recent months. Brown took on critics in...
Union Pacific reports record fourth quarter and full year 2011 results
(Source: Union Pacific press release, January 19, 2012) OMAHA, Neb. — Union Pacific Corporation today reported 2011 fourth quarter net income of $964 million, or $1.99 per diluted share, compared to $775 million, or $1.56 per diluted share, in the fourth quarter 2010....
As rail tragedies fade from memory, resistance to Positive Train Control rule gains steam
(Source: FairWarning.org, January 19, 2012) Less than four years after a California train disaster spurred passage of major safety legislation, railroad companies are pushing hard to relax the law’s chief provision. They have won over key Republicans, and extracted a...
NJ Transit widening seats on new double decker train cars
(Source: Huffington Post, January 17, 2012) New Jersey Transit passengers with increasing waistlines can find respite in a new plan to install 100 double decker trains equipped with 2.5 inches in extra width. The current 17.55 inch seats have apparently caused...
BNSF freight train derails after hitting semi on Montana Hi-Line
(Source: Associated Press, January 18, 2012) HELENA, Mont. — A BNSF freight train with its whistle blowing derailed Tuesday in northeastern Montana after colliding with a semitrailer that had pulled across tracks at a private crossing between Bainville and Culbertson,...
BNSF wants Amtrak to pay for Southwest Chief track improvements
(Source: La Junta Tribune Democrat, January 18, 2011) LA JUNTA, Colo. — According to the La Junta Tribune Democrat, the Otero County Commissioners heard a report on Monday concerning the state of the controversy regarding Amtrak and the Burlington Northern Santa Fe....
CP executing on clear plan to achieve low 70s Operating Ratio as quickly and efficiently as possible
(Source: Canadian Pacific Railway press release, January 9, 2012) CALGARY, Alberta — On January 9, Canadian Pacific sent a letter to its shareholders from John Cleghorn, Chairman of the Board of Directors. Highlights of the letter include: • CP has a Multi-Year Plan...
Canadian Pacific Railway announces 2012 capital plan
(Source: Canadian Pacific Railway press release, January 17, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced that, as part of the Company’s Multi-Year Plan, CP will invest between $1.1 billion and $1.2 billion for infrastructure renewal, network...
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