Rail Industry News
Spain’s high-speed rail system offers lessons for California
(Source: Fresno Bee, January 16, 2012) FRESNO, Calif. — According to the Fresno Bee, there are lessons that California can learn from Spain's 20-year history with high-speed trains. Top among them is how hard it is to be self-sufficient, even when conditions seem...
CN and Pershing Square clash over retired executive Hunter Harrison
(Source: Calgary Herald, January 13, 2012) CALGARY — Canadian National has stoked the increasingly public battle over whether its former CEO will be installed as the head of rival Canadian Pacific, warning Friday that Hunter Harrison may be in breach of non-compete...
Sides entrench in battle over future of Canadian Pacific
(Source: Globe and Mail, January 16, 2012) TORONTO — Bill Ackman was just fastening in when his pilot shouted someone was blocking his private jet. Standing on the tarmac at Montreal’s Pierre Elliott Trudeau Airport was the man with whom he had just met. John...
The story behind the all-out war to control CP Rail
(Source: Globe and Mail, January 14, 2012) TORONTO — There comes a moment in every corporate battle when the first cannon is fired. In the unfolding power struggle at Canadian Pacific Railway Ltd., that moment came at 7:22 a.m. on Jan. 4, when the send button was...
Right to work fight may hit Michigan
(Source: Detroit News, January 16, 2012) DETROIT — Supporters and opponents of making Michigan a right-to-work state are closely watching Indiana's lawmakers debate the issue and gearing up for a possible battle in Lansing this year. Full story: Detroit News
Norfolk Southern’s Pier 6 handles largest coal loading in its 50-year history
(Source: Norfolk Southern press release, January 13, 2012) NORFOLK, Va. — Norfolk Southern has loaded the largest volume cargo in the history of its Pier 6 coal transloading facility at Lamberts Point in Norfolk. Early yesterday morning, Norfolk Southern finished...
Genessee & Wyoming reports traffic for December 2011, fourth quarter 2011
(Source: Genessee & Wyoming press release, January 13, 2012) GREENWICH, Conn. — Genesee & Wyoming Inc. reported traffic volumes for December 2011 and the fourth quarter of 2011. GWI’s traffic in December 2011 was 82,009 carloads, an increase of 524 carloads, or 0.6...
Wisconsin, Minnesota ponder expanding Amtrak service
(Source: Milwaukee Journal Sentinel, January 15, 2012) MILWAUKEE, Wisc. — Wisconsin, Minnesota and Amtrak officials have started talks that could lead to expanding the current passenger train service between Chicago, Milwaukee and Minneapolis-St. Paul. Full story:...
Amtrak CEO Boardman statement on expedited high-speed rail improvements
(Source: Amtrak press release (PDF), January 13, 2012) WASHINGTON, D.C. — Today, the White House Council on Environmental Quality and the U.S. Department of Transportation announced a pilot program to expedite environmental review of Northeast Corridor high-speed...
White House will speed approval of improvements to Northeast rails
(Source: Associated Press, January 13, 2012) WASHINGTON, D.C. — The White House said Friday it will grant expedited environmental approvals for high-speed rail improvements to the heavily traveled Northeast corridor between Boston, New York and Washington. Full story:...
Teamsters honor legacy, celebrate contributions of Martin Luther King Jr.
(Source: International Brotherhood of Teamsters press release, January 13, 2012) WASHINGTON, D.C. — Teamsters across the country will honor the legacy of civil rights and labor leader Martin Luther King Jr. on Jan. 16, 2012. King devoted his life to securing rights...
Hunter Harrison sees ‘long-term’ role as Ackman’s pick to lead CP Rail
(Source: Bloomberg News, January 11, 2012) NEW YORK — Hunter Harrison, William Ackman’s choice to lead Canadian Pacific Railway Ltd., said he would be willing to stay in the job for as long as it takes to turn around the least efficient railroad in North America....
Union Pacific to announce fourth quarter earnings on January 12
(Source: Union Pacific press release, January 12, 2012) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation's fourth quarter and full year 2011 earnings release presentation that will be broadcast live over the Internet or via teleconference on...
California high-speed rail will stop in Lancaster, Palmdale, not Grapevine
(Source: Contra Costa Times, January 12, 2012) LOS ANGELES — The California High Speed Rail Authority board announced today that a Los Angeles-to-San Francisco high-speed train would run north to Bakersfield through the Antelope Valley cities of Palmdale and...
Canadian National stock downgraded at JPMorgan
(Source: Financial Post, January 13, 2012) OTTAWA — Canadian National Railway Co. was downgraded to neutral from outperform at JPMorgan due to an expected slowdown in earnings growth and market share. Full story: Financial Post
Stock bonuses headwind on Q4 CN, CP earnings
(Source: Financial Post, January 12, 2012) OTTAWA — One possible offshoot of all the interest in Canadian Pacific Railway stemming from the proxy battle brewing between the management of Canadian Pacific Railway and activist investor Bill Ackman is the impact on the...
Memphis gives Canadian National the green light for $300 million logistics park
(Source: Commercial Appeal, January 13, 2012) MEMPHIS, Tenn. — The Memphis-Shelby County Port Commission voted unanimously to grant Canadian national a 10-year option to buy up to 800 acres in Frank C. Pidgeon Industrial Park in southwest Memphis.The logistics park...
Hoffa: Congress must pass jobs legislation now
(Source: Column by Teamsters General President James P. Hoffa, January 11, 2012) WASHINGTON, D.C. — The latest news about jobs was good, but it wasn't good enough. America created 200,000 jobs in December, the sixth month in a row the economy added at least 100,000...
Chief executive of California high-speed rail project steps down
(Source: Los Angeles Times, January 12, 2012) LOS ANGELES — The political and management challenges facing California's bullet train project grew more complicated Thursday, when the chief executive of the $98.5-billion effort suddenly announced his resignation, just...
AAR: Railroads report rail traffic down 3.7 percent in first week of 2012
(Source: Association of American Railroads press release, January 12, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported a decrease in weekly rail traffic for the week ending January 7, 2012, with U.S. railroads originating 274,862...
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