Rail Industry News
Rockford, Ill., gets $3 million for new Amtrak station
(Source: Rockford Register Star, January 17, 2012) ROCKFORD, Ill. — Gov. Pat Quinn brought $3 million to town today for planning a new rail station along South Main Street near downtown, a stop for Amtrak’s $60 million train route between Chicago and Dubuque, Iowa....
Schumer to CSX: Foot-dragging on high-speed rail is unacceptable
(Source: The Daily News, January 18, 2012) BERGEN, N.Y. — United States Sen. Charles Schumer had a simple message for CSX Railroad Tuesday. “Foot-dragging is unacceptable,” he said during a Tuesday afternoon visit to the village. Schumer was referring to millions of...
Schumer calls for new rail regulations after NS derailment in Elmira, N.Y.
(Source: YNN.com, January 18, 2012) ELMIRA, N.Y. — Last November, a single rail car tumbled into the parking lot of the Hilliard Corporation in Elmira, but nobody knew about it. Norfolk Southern didn't notify local law enforcement of the accident and legally, it...
Nevada to recognize 5 citizens for heroic actions following fatal Amtrak crash in June
(Source: Lahontan Valley News, January 18, 2012) RENO, Nevada — The Nevada Department of Public Safety-Highway Patrol Division will be recognizing five citizens at 1 p.m. on Wednesay for their heroic and unselfish actions following the fatal collision in late June...
DOT announces $77 million in transportation research and education grants
(Source: U.S. Department of Transportation press release, January 17, 2012) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood announced today $77 million in grants to 22 University Transportation Centers (UTCs) to advance research and education programs that...
House Transportation Committee Chair Mica endorses Romney for president
(Source: Progressive Railroading, January 17, 2012) U.S. Rep. John Mica (R-Fla.), chairman of the House Transportation and Infrastructure Committee, has endorsed former Massachusetts Gov. Mitt Romney for president, Romney’s campaign announced yesterday. Full story:...
KCS, railroad industry look to solid 2012
(Source: Investor's Business Daily, January 18, 2012) NEW YORK — The railroad industry is moving full steam ahead into 2012 as it continues to gain speed after getting side-tracked by the recession. David Starling, chief executive of railroad holding company Kansas...
One million citizens petition for the recall of Wisconsin Governor Scott Walker
(Source: PR Watch, January 17, 2012) The petition drive to recall and remove Wisconsin Governor Scott Walker has surpassed all expectations, collecting over one million signatures in just 60 days. Full story: PR Watch
Amtrak plans aggressive expansion in 2012
(Source: The Hill, January 11, 2012) WASHINGTON, D.C. — Amtrak said Wednesday that it would be aggressive in efforts to improve and expand this year with "demand for intercity passenger rail service on the rise as demonstrated by yet another year of record ridership."...
Baby born on PATH train between NJ and NY City
(Source: Associated Press, January 17, 2012) NEW YORK — A New Jersey woman got the morning commute of her life when she gave birth to her first child on a PATH commuter train to New York. In response to the unexpected birth, PATH officials turned the train into an...
Walker recall organizers to submit petitions, but Wisconsin governor will be in New York
(Source: Associated Press, January 17, 2012) MADISON, Wis. — Supporters of an unprecedented effort to oust Wisconsin Gov. Scott Walker from office said they will turn in more than enough signatures Tuesday to force the Republican into a recall election barely a year...
Earnings preview: Union Pacific Railroad
(Source: Associated Press, January 17, 2012) OMAHA, Neb. — Union Pacific's fourth-quarter earnings report (to be released on January 19) will show how the railroad handled last fall's peak shipping season and provide clues about the strength of the U.S. economy. Full...
Lower coal shipments worry railroads again
(Source: Zacks.com, January 16, 2012) NEW YORK — Softer demands for coal have once gain stirred up trouble for the railroads, specifically NS and CSX. Full story: Zacks.com
Railroad stocks are still on track for growth
(Source: Forbes.com, January 16, 2012) NEW YORK — One of the best-performing industry groups since the October 2011 lows has been the railroads, which comes as a positive sign for the economic recovery. Though these stocks are generally considered to be defensive in...
TCRC wants Fred Green out as CEO of CP Rail
(Source: Financial Post, January 17, 2012) OTTAWA — Bill Ackman’s efforts to oust Canadian Pacific Railway Ltd.’s chief executive, Fred Green, received a ringing endorsement Monday from one of the railway’s largest unions. William Brehl, president of Teamsters Canada...
Doubts cast on cost estimates for alternatives to California high-speed rail
(Source: Los Angeles Times, January 17, 2012) LOS ANGELES — As the price tag for California's bullet train has soared to nearly $100 billion, a central argument for forging ahead with the controversial project is an even loftier figure: the $171 billion that promoters...
Schumer pushing for completion of western N.Y. high-speed project
(Source: Associated Press, January 17, 2012) BERGEN, N.Y. — Sen. Charles Schumer plans to be in western New York to call on federal, state and private transportation entities to complete a plan for constructing a high-speed rail line linking Albany and Buffalo. Full...
Welcome back, Congress: A 2012 transportation to-do list
(Source: Politico, January 17, 2012) WASHINGTON, D.C. — The House returns today to a ticking clock on FAA policy, transit advocates clamoring for equality between transit and parking pre-tax benefits and the task of introducing a long-term surface transportation bill...
Shots fired at BNSF train in Kelso, Wash.; No injuries
(Source: The Daily News, January 16, 2012) KELSO, Wash. — A man with a rifle shot at a moving Burlington Northern Santa Fe train in Kelso on Sunday night, police said. Kelso police Sgt. Damon Blain said it was unclear whether the train was hit. No one was injured. An...
Asia-Europe rail operators expect shipping boom
(Source: Journal of Commerce, January 12, 2012) WASHINGTON, D.C. — Rail services linking Asia and Europe are set to boom as shippers take advantage of an operation that is faster than ocean shipping and cheaper than air delivery, rail operators say. Full story:...
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