Rail Industry News
Potential presidential candidate Romney would cut Amtrak, foreign aid, arts, public broadcasting
(Source: Washington Post, November 4, 2011) WASHINGTON, D.C. — If elected president, one of Mitt Romney's top goals would be to strip Amtrak of federal subsidies, which could threaten the survival of the popular rail network. According to the Washington Post, he would...
Norfolk Southern plans to hire 500 employees in eight states
(Source: Norfolk Southern press release, November 3, 2011) NORFOLK, Va. — Norfolk Southern Corporation plans to hire 500 employees in eight states by the end of 2011 to meet the growing demand for freight rail service and to replace employees retiring in coming...
Norfolk Southern plans to hire 500 employees in eight states
(Source: Norfolk Southern press release, November 3, 2011) NORFOLK, Va. — Norfolk Southern Corporation plans to hire 500 employees in eight states by the end of 2011 to meet the growing demand for freight rail service and to replace employees retiring in coming...
Pershing’s Ackman in talks with CP management
(Source: Globe and Mail, November 3, 2011) TORONTO — Shareholder activist William Ackman has entered discussions with the senior management and board of Canadian Pacific Railway Ltd. as part of a broad review of the underperforming railway’s governance, financial...
Pershing’s Ackman in talks with CP management
(Source: Globe and Mail, November 3, 2011) TORONTO — Shareholder activist William Ackman has entered discussions with the senior management and board of Canadian Pacific Railway Ltd. as part of a broad review of the underperforming railway’s governance, financial...
CSX closes $173 million deal with Florida for 61 miles of track
(Source: Lakeland Ledger, November 3, 2011) TALLAHASSEE, Fla. — On November 3, the Florida Department of Transportation closed on the $173 million purchase of 61 miles of CSX railroad track that will be used by the Orlando commuter rail SunRail. Full story: Lakeland...
CSX closes $173 million deal with Florida for 61 miles of track
(Source: Lakeland Ledger, November 3, 2011) TALLAHASSEE, Fla. — On November 3, the Florida Department of Transportation closed on the $173 million purchase of 61 miles of CSX railroad track that will be used by the Orlando commuter rail SunRail. Full story: Lakeland...
Editorial: LA Times still on board with California’s bullet train
(Source: Los Angeles Times editorial, November 4, 2011) LOS ANGELES — California is expected to add 17 million people by 2040. The state has little choice but to build transportation infrastructure to meet the growing demand; the only question is whether it should...
Editorial: LA Times still on board with California’s bullet train
(Source: Los Angeles Times editorial, November 4, 2011) LOS ANGELES — California is expected to add 17 million people by 2040. The state has little choice but to build transportation infrastructure to meet the growing demand; the only question is whether it should...
California High-Speed Rail Authority asks for billions to start construction
(Source: Los Angeles Times, November 4, 2011) LOS ANGELES — Yesterday, California's bullet train agency formally requested a multibillion-dollar appropriation to start construction next year on the $98 billion project's cost. Full story: Los Angeles Times
California High-Speed Rail Authority asks for billions to start construction
(Source: Los Angeles Times, November 4, 2011) LOS ANGELES — Yesterday, California's bullet train agency formally requested a multibillion-dollar appropriation to start construction next year on the $98 billion project's cost. Full story: Los Angeles Times
STB says only UP posted adequate revenue in 2010
(Source: Journal of Commerce, November 3, 2011) WASHINGTON, D.C. — The U.S. Surface Transportation Board (STB), which regulates economic issues between railroads and shippers, issued its annual "revenue adequacy" calculations yesterday indicating that Union Pacific...
STB says only UP posted adequate revenue in 2010
(Source: Journal of Commerce, November 3, 2011) WASHINGTON, D.C. — The U.S. Surface Transportation Board (STB), which regulates economic issues between railroads and shippers, issued its annual "revenue adequacy" calculations yesterday indicating that Union Pacific...
Senate rejects Obama transportation spending bill
(Source: Journal of Commerce, November 3, 2011) WASHINGTON, D.C. — The Senate narrowly rejected a $60 billion transportation spending bill proposed by President Obama on Thursday, as many Republicans said they supported improving the nation’s infrastructure but balked...
Senate rejects Obama transportation spending bill
(Source: Journal of Commerce, November 3, 2011) WASHINGTON, D.C. — The Senate narrowly rejected a $60 billion transportation spending bill proposed by President Obama on Thursday, as many Republicans said they supported improving the nation’s infrastructure but balked...
AAR: Latest weekly carloads highest since 2008
(Source: Association of American Railroads, November 3, 2011) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported gains in October 2011 rail traffic compared with the same month last year, with U.S. railroads originating 1,215,627 carloads,...
AAR: Latest weekly carloads highest since 2008
(Source: Association of American Railroads, November 3, 2011) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported gains in October 2011 rail traffic compared with the same month last year, with U.S. railroads originating 1,215,627 carloads,...
Railroad stocks down as labor deadline nears
(Source: Associated Press, November 4, 2011) DALLAS — Shares of major freight railroads fell in afternoon trading Friday ahead of the weekend deadline for a Presidential Emergency Board to propose a settlement of labor talks between the industry and unions. Full...
Railroad stocks down as labor deadline nears
(Source: Associated Press, November 4, 2011) DALLAS — Shares of major freight railroads fell in afternoon trading Friday ahead of the weekend deadline for a Presidential Emergency Board to propose a settlement of labor talks between the industry and unions. Full...
Amtrak riders in Pa. break down door to catch train
(Source: Lancaster Online, November 2, 2011) LANCASTER, Pa. — Frustrated and angry commuters broke through a door at the Amtrak train station Wednesday to get to the platform after they found a dark, locked station upon arriving before 5:30 a.m. Because of what Amtrak...
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