Rail Industry News
RRB: Summary of annual financial report to Congress
(The U.S. Railroad Retirement Board issued the following on August 3, 2010.) CHICAGO — The Railroad Retirement Board (RRB) is required by law to submit annual reports to Congress on the financial condition of the railroad retirement system and the railroad...
Railroad shares mixed at the close of September 29 trading
(The Associated Press circulated the following on September 29, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $.17 or .3 percent, to $55.66. Canadian National rose $.26 or .4 percent, to $63.61. Canadian Pacific...
Longshoremen end NY-NJ work stoppage
(The following story by Peter T. Leach appeared on The Journal of Commerce website on September 29, 2010.) WASHINGTON, D.C. — The two-day work stoppage at the six container terminals in the Port of New York and New Jersey ended early Wednesday afternoon when the...
High-speed rail won’t hurt freight, FRA’s Szabo says
(The following story by Joseph Bonney appeared on the Journal of Commerce website on September 29, 2010.) WASHINGTON, D.C. — Federal officials won’t allow freight railroads to be hurt by government investment in high-speed passenger rail infrastructure, Federal Rail...
DOT issues $50 million rail grant in Vermont
(The following story by John D. Boyd appeared on the Journal of Commerce website on September 29, 2010.) WASHINGTON, D.C. — The Department of Transportation issued a $50 million rail grant under the economic stimulus law to upgrade track of a freight short line in...
CSX Corporation announces dividend increase
(CSX issued the following on September 29, 2010.) JACKSONVILLE, Fla. — Today the Board of Directors of CSX Corporation (NYSE: CSX) voted to approve an 8 percent increase in the quarterly dividend on the company’s common stock. The quarterly dividend, which increases...
Acting for impaired Railroad Retirement beneficiaries
(The U.S. Railroad Retirement Board issued the following on September 3, 2010.) CHICAGO — The Railroad Retirement Board’s policy is that every annuitant has the right to manage his or her own benefits. However, when physical or mental impairments make a railroad...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, September 13 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
RRB: Summary of annual financial report to Congress
(The U.S. Railroad Retirement Board issued the following on August 3, 2010.) CHICAGO — The Railroad Retirement Board (RRB) is required by law to submit annual reports to Congress on the financial condition of the railroad retirement system and the railroad...
CTA seeking proposals for new fare-collection system
(The the following appeared on the Progressive Railroading website on September 29, 2010.) CHICAGO — Yesterday, the Chicago Transit Authority (CTA) issued a request for proposals on the design, implementation and operation of an open fare-collection system. The system...
USDOT provides progress report on National Rail Plan
(The the following appeared on the Progressive Railroading website on September 29, 2010.) WASHINGTON D.C. — Yesterday, the U.S. Department of Transportation (USDOT) released an update of the National Rail Plan in a report, titled “Moving Forward: A Progress Report.”...
New California legislation will enable Metrolink to advance PTC implementation
(The following appeared on the Progressive Railroading website on September 29, 2010.) California — California Gov. Arnold Schwarzenegger recently signed Senate Bill 1371, which authorizes the California Transportation Commission to establish a Letter of No Prejudice...
Will Canadian bureaucrats derail Seattle-B.C. train service?
(The the following column by Joel Connelly appeared on the Seattle Post Intelligencer website on September 28, 2010.) SEATTLE — Amidst copious politician self-congratulation, Gov. Gregoire and British Columbia Premier Campbell came together in Seattle last year to...
Union Pacific unveils Pink Ribbon Locomotive to support Susan G. Komen for the Cure
(Union Pacific issued the following on September 28, 2010.) OMAHA, Neb. — Union Pacific Railroad today unveiled its Pink Ribbon Locomotive, UP No. 7400, created as a tribute to the company's support of Susan G. Komen for the Cure(R) and the many lives -- employees,...
Teamsters Canada Rail Conference review CN’s train crew offers
(The following story by John D. Boyd appeared on The Journal of Commerce website on September 28, 2010.) WASHINGTON, D.C. — Canadian National Railway offered new contract terms that include cutting the crew size on some trains, said a spokesman for the Teamsters...
TCRC union says doesn’t want strike at CN
(Reuters circulated the following on September 28, 2010.) VANCOUVER, British Columbia — The union representing 2,700 train conductors and other workers at Canadian National Railway Co Ltd will not serve strike notice unless the company is intent on making drastic...
Philadelphia Longshoremen shut down NY-NJ terminals
(The following story by Peter T. Leach appeared on The Journal of Commerce website on September 28, 2010.) WASHINGTON, D.C. — Picket lines by longshoremen from Philadelphia caused work stoppages at all six container terminals in the Port of New York and New Jersey...
Chrysler says thanks to Union Pacific
(The following story by Joe Ruff appeared on the World-Herald website on September 28, 2010.) OMAHA — On the heels of a fatal accident in Upstate New York this past weekend, a double-decker coach owned by Coach USA based Megabus was involved in a minor accident with a...
Amtrak Sets $118 Billion Cost on High-Speed Rail Route
(The the following column by Angela Greiling Keane appeared on the Seattle Post Intelligencer website on September 28, 2010.) WASHINGTON D.C. — Amtrak, the U.S. long-distance passenger railroad, estimated that building a high-speed train link between Washington and...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, September 28 — The U.S. Railroad Retirement Board will hold free informational conferences throughout 2010 for elected officers of all railroad labor unions. The following is a list of informational conferences that have been scheduled thus far for 2010....
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