Rail Industry News
The fight for control of Canadian Pacific Railway
(Source: Globe and Mail, November 27, 2011) TORONTO — Should the Canadian Pacific Railway seek to rebuff an activist investor from proposing changes, the railway could face the prospect of a very public and noisy power struggle that could redefine the boundaries of...
The fight for control of Canadian Pacific Railway
(Source: Globe and Mail, November 27, 2011) TORONTO — Should the Canadian Pacific Railway seek to rebuff an activist investor from proposing changes, the railway could face the prospect of a very public and noisy power struggle that could redefine the boundaries of...
STB: U.S. Class I workforce continued to widen in October
(Source: Progressive Railroading, November 23, 2011) The U.S. Class I workforce grew a bit larger last month. As of mid-October, the large roads employed 160,251 people, up 0.1 percent from September’s level and 3.9 percent from October 2010’s count, according to...
STB: U.S. Class I workforce continued to widen in October
(Source: Progressive Railroading, November 23, 2011) The U.S. Class I workforce grew a bit larger last month. As of mid-October, the large roads employed 160,251 people, up 0.1 percent from September’s level and 3.9 percent from October 2010’s count, according to...
California bullet train project advances amid cries of boondoggle
(Source: New York Times, November 26, 2011) SACRAMENTO — California's elected leaders, including Gov. Jerry Brown, are rallying around a plan to build a 520-mile high-speed rail line from Los Angeles to San Francisco, cutting the trip from a six-hour drive to a train...
California bullet train project advances amid cries of boondoggle
(Source: New York Times, November 26, 2011) SACRAMENTO — California's elected leaders, including Gov. Jerry Brown, are rallying around a plan to build a 520-mile high-speed rail line from Los Angeles to San Francisco, cutting the trip from a six-hour drive to a train...
Arizona utility takes on big railroads, wins $63 million
(Source: Associated Press, November 27, 2011) PHOENIX, Ariz. — A small power cooperative in Arizona has won a major victory over two big railroads it accused of gouging it on coal-shipping rates. BNSF Railway and Union Pacific Railroad will have to issue refunds or...
Arizona utility takes on big railroads, wins $63 million
(Source: Associated Press, November 27, 2011) PHOENIX, Ariz. — A small power cooperative in Arizona has won a major victory over two big railroads it accused of gouging it on coal-shipping rates. BNSF Railway and Union Pacific Railroad will have to issue refunds or...
Railroad retiree earnings limits to rise in 2012
(Source: U.S. Railroad Retirement Board press release, October 20, 2011) CHICAGO — Those railroad retirement annuitants subject to earnings restrictions can earn more in 2012 without having their benefits reduced, as a result of increases in earnings limits indexed to...
Railroad retiree earnings limits to rise in 2012
(Source: U.S. Railroad Retirement Board press release, October 20, 2011) CHICAGO — Those railroad retirement annuitants subject to earnings restrictions can earn more in 2012 without having their benefits reduced, as a result of increases in earnings limits indexed to...
Railroad Retirement Board announces 2012 benefit increases
(Source: U.S. Railroad Retirement Board press release, October 20, 2011) CHICAGO — Most railroad retirement annuities, like social security benefits, are scheduled to increase in January 2012 on the basis of the rise in the Consumer Price Index (CPI) from the third...
Railroad Retirement Board announces 2012 benefit increases
(Source: U.S. Railroad Retirement Board press release, October 20, 2011) CHICAGO — Most railroad retirement annuities, like social security benefits, are scheduled to increase in January 2012 on the basis of the rise in the Consumer Price Index (CPI) from the third...
RRB: Medicare Part B premiums for 2012
(Source: U.S. Railroad Retirement Board press release, November 1, 2011) CHICAGO — The standard Medicare Part B monthly premium will be $99.90 in January 2012, an increase of $3.50 for most beneficiaries. For the past 2 years, most beneficiaries continued to pay a...
RRB: Medicare Part B premiums for 2012
(Source: U.S. Railroad Retirement Board press release, November 1, 2011) CHICAGO — The standard Medicare Part B monthly premium will be $99.90 in January 2012, an increase of $3.50 for most beneficiaries. For the past 2 years, most beneficiaries continued to pay a...
Opinion: How Occupy Wall Street can restore clout of the 99%
(Source: Bloomberg News opinion column, November 20, 2011) WASHINGTON, D.C. — Now that the Occupy Wall Street protesters have been driven from many of their encampments, I have an unusual suggestion for how they should next deploy their considerable energies: work...
Opinion: How Occupy Wall Street can restore clout of the 99%
(Source: Bloomberg News opinion column, November 20, 2011) WASHINGTON, D.C. — Now that the Occupy Wall Street protesters have been driven from many of their encampments, I have an unusual suggestion for how they should next deploy their considerable energies: work...
BNSF posts nine-month revenue of $14.3 billion in SEC filing
(Source: Progressive Railroading, November 22, 2011) In 2011’s first nine months, BNSF Railway Co. generated revenue of $14.3 billion, up 35 percent compared with the period between Feb. 13 (when the Class I became a private company owned by Berkshire Hathaway Inc.)...
BNSF posts nine-month revenue of $14.3 billion in SEC filing
(Source: Progressive Railroading, November 22, 2011) In 2011’s first nine months, BNSF Railway Co. generated revenue of $14.3 billion, up 35 percent compared with the period between Feb. 13 (when the Class I became a private company owned by Berkshire Hathaway Inc.)...
Amtrak Downeaster dodges the congressional bullet
(Source: Foster’s Daily Democrat, November 23, 2011) DOVER, N.H. — The fate of the Amtrak Downeaster remains safe, at least for a while. A spending agreement reached between the House of Representatives and the Senate will preserve at least some funding for the Amtrak...
Amtrak Downeaster dodges the congressional bullet
(Source: Foster’s Daily Democrat, November 23, 2011) DOVER, N.H. — The fate of the Amtrak Downeaster remains safe, at least for a while. A spending agreement reached between the House of Representatives and the Senate will preserve at least some funding for the Amtrak...
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