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Rail Industry News

UP opens $24 million yard in Wyoming

(The following appeared on the Progressive Railroading website on May 20, 2011.) On May 19, Union Pacific Railroad held a ceremony to officially open a new $24 million yard about 20 miles west of Green River, Wyo. Construction began on the Blacks Fork Rail Yard in...

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Hampton Roads would benefit from CSX rail expansion

(The following appeared on The Virginian-Pilot website on May 22, 2011.) NORFOLK, Va. — CSX Corp., the nation's third-largest railroad, is investing an additional $160 million to complete its National Gateway project, a planned double-stack rail route connecting...

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Amtrak’s City of New Orleans back on track

(The Associated Press circulated the following on May 20, 2011.) CHICAGO — The Amtrak train that runs from Chicago to New Orleans is about to be back in business, weeks after being shut down because flooding made part of the route impassable. Amtrak says it'll resume...

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All aboard! Amtrak sees surge in ridership

(The following appeared on the MSNBC website on May 20, 2011.) NEW YORK — With gas prices hovering around $4 a gallon and this summer shaping up to be the most expensive ever for air travel, some vacationers may be turning to another method of transportation: train...

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Q&A: The future of freight railroading

(The following appeared on the Wall Street Journal website on May 23, 2011.) NEW YORK — Once a dying industry, railroads have made a strong comeback and are poised to become busier places in the years ahead. Forecasts for freight growth are substantial, prompting...

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New technology is transforming freight rail

(The following appeared on the Wall Street Journal website on May 23, 2011.) NEW YORK — The digital revolution is coming to freight rail. Major railroads are installing digital communications, global positioning receivers, sensors and computerized controls on their...

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Norfolk Southern issues $400 million of century bonds

(The following appeared on the Toronto Star website on May 18, 2011.) TORONTO — Taking advantage of historically low interest rates and strong demand from fixed-income investors, Norfolk Southern today issued $400 million of 100-year notes. The deal was increased from...

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