Rail Industry News
The importance of a current connection for Railroad Retirement benefits
(Source: U.S. Railroad Retirement Board press release, October 3, 2011) CHICAGO — Under the Railroad Retirement Act, a “current connection with the railroad industry” is one of the eligibility requirements for occupational disability annuities and supplemental...
Genesee & Wyoming reports record results in 3Q 2011
(Source: Genesee & Wyoming press release, November 1, 2011) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) reported net income in the third quarter of 2011 of $32.9 million, compared with net income of $24.8 million in the third quarter of 2010. GWI's diluted...
Genesee & Wyoming reports record results in 3Q 2011
(Source: Genesee & Wyoming press release, November 1, 2011) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) reported net income in the third quarter of 2011 of $32.9 million, compared with net income of $24.8 million in the third quarter of 2010. GWI's diluted...
CP Rail open to talks with activist investor
(Source: Globe and Mail, October 31, 2011) TORONTO — Canadian Pacific Railway Ltd. is opening the door to talks with an activist hedge fund, saying it had already embarked on an efficiency drive before being approached by the U.S. financial manager. Full story: Globe...
CP Rail open to talks with activist investor
(Source: Globe and Mail, October 31, 2011) TORONTO — Canadian Pacific Railway Ltd. is opening the door to talks with an activist hedge fund, saying it had already embarked on an efficiency drive before being approached by the U.S. financial manager. Full story: Globe...
Senate approves $15 million for won on proposed Amtrak tunnel between NY, NJ
(Source: Newark Star-Ledger, November 2, 2011) NEWARK, N.J. — On November 1, the U.S. Senate approved $15 million for design and engineering work on Amtrak’s proposed tunnel project between Secaucus, N.J., and New York's Penn Station. Full story: Star-Ledger
Senate approves $15 million for won on proposed Amtrak tunnel between NY, NJ
(Source: Newark Star-Ledger, November 2, 2011) NEWARK, N.J. — On November 1, the U.S. Senate approved $15 million for design and engineering work on Amtrak’s proposed tunnel project between Secaucus, N.J., and New York's Penn Station. Full story: Star-Ledger
Amtrak’s high-speed rail chief resigns as railroad reorganizes NE Corridor efforts
(Source: Philadelphia Inquirer, November 2, 2011) PHILADELPHIA, Pa. — As part of a reorganization of Amtrak's Northeast Corridor planning efforts, the railroad's high-speed rail chief is leaving. Al Engel, who was named vice president of high-speed rail in September...
Amtrak’s high-speed rail chief resigns as railroad reorganizes NE Corridor efforts
(Source: Philadelphia Inquirer, November 2, 2011) PHILADELPHIA, Pa. — As part of a reorganization of Amtrak's Northeast Corridor planning efforts, the railroad's high-speed rail chief is leaving. Al Engel, who was named vice president of high-speed rail in September...
Amtrak revamps NE Corridor business approach
(Source: Railway Age, November 1, 2011) NEW YORK — Railway Age is reporting that by year’s end, Amtrak is expected to release an update to its Northeast Corridor vision plan, which will integrate planned improvements to the existing Corridor with the proposed...
Amtrak revamps NE Corridor business approach
(Source: Railway Age, November 1, 2011) NEW YORK — Railway Age is reporting that by year’s end, Amtrak is expected to release an update to its Northeast Corridor vision plan, which will integrate planned improvements to the existing Corridor with the proposed...
Bullet train’s $98 billion cost could be its biggest obstacle
(Source: Los Angeles Times, November 2, 2011) LOS ANGELES — The ambitious plan to connect Anaheim and San Francisco with high-speed trains has encountered plenty of obstacles, including intensifying resistance from wealthy and poor communities lying in the track's...
Bullet train’s $98 billion cost could be its biggest obstacle
(Source: Los Angeles Times, November 2, 2011) LOS ANGELES — The ambitious plan to connect Anaheim and San Francisco with high-speed trains has encountered plenty of obstacles, including intensifying resistance from wealthy and poor communities lying in the track's...
California High-Speed Rail Authority releases new business plan
(Source: California High-Speed Rail Authority press release, November 1, 2011) SACRAMENTO, Calif. — The California High-Speed Rail Authority today released a new business plan that lays the foundation for an economically viable high speed rail system that will create...
California High-Speed Rail Authority releases new business plan
(Source: California High-Speed Rail Authority press release, November 1, 2011) SACRAMENTO, Calif. — The California High-Speed Rail Authority today released a new business plan that lays the foundation for an economically viable high speed rail system that will create...
Analyst: Railroad stocks poised for long-term growth
(Source: CNBC, November 1, 2011) NEW YORK — An analyst said Tuesday that while he believes railroad stocks are poised to grow in the long run, investors should tread lightly in the near term. Full story: www.cnbc.com
Analyst: Railroad stocks poised for long-term growth
(Source: CNBC, November 1, 2011) NEW YORK — An analyst said Tuesday that while he believes railroad stocks are poised to grow in the long run, investors should tread lightly in the near term. Full story: www.cnbc.com
Progress Rail shows off U.S.-built locomotives during open house
(Source: The Star Press, October 29, 2011) MUNCIE, Ind. — A year after the announcement that Progress Rail Services, an Alabama-based division of Caterpillar, would build railroad locomotives in the former in Muncie, Ind., the company held an open house and showed off...
Progress Rail shows off U.S.-built locomotives during open house
(Source: The Star Press, October 29, 2011) MUNCIE, Ind. — A year after the announcement that Progress Rail Services, an Alabama-based division of Caterpillar, would build railroad locomotives in the former in Muncie, Ind., the company held an open house and showed off...
Amtrak adds free Wi-Fi to more trains
(Source: Amtrak press release (PDF), October 31, 2011) WASHINGTON, D.C. — Responding to strong passenger interest, Amtrak is launching today a major expansion of its free AmtrakConnectSM Wi-Fi service to 12 East Coast routes. As a result, trains that carry nearly 60...
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