Rail Industry News
Senate panel grills security officials on 100 percent scanning
(The following story by R.G. Edmonson appeared on The Journal of Commerce website on July 22, 2010.) WASHINGTON, D.C. — The Senate Commerce Committee on Wednesday grilled senior Department of Homeland Security officials for nearly two hours on gaps remaining in the...
Opinion: America’s system of rail freight is the world’s best, but could high-speed passenger trains could ruin it?
(The following editorial appeared on The Economist website on July 22, 2010.) NEW YORK — Union Station in Los Angeles has been restored as a fine example of the Art Deco architecture that typified California in the 1930s. It has served as a backdrop for many Hollywood...
Buffalo FBI doubles reward for train vandalism
(The Associated Press circulated the following on July 22, 2010.) BUFFALO, N.Y. — The FBI doubled its reward Thursday for help in finding whoever tried to derail an Amtrak passenger train traveling through the Cattaraugus Indian Reservation earlier this month. With...
Rail car orders down in 2Q, but deliveries up vs. 1Q
(The following appeared on the Progressive Railroading website on July 22, 2010.) In the second quarter, rail-car orders totaled 4,886 units compared with 2,165 units in second-quarter 2009, according to the Railway Supply Institute’s American Railway Car Institute...
CSX agrees with EPA to pay $11.2 million to clean up Desoto County site
(The following story by Mark Basch appeared on the Florida Times-Union website on July 22, 2010.) JACKSONVILLE, Fla. — Jacksonville-based CSX Transportation Inc. reached an agreement with the U.S. Environmental Protection Agency to pay $11.2 million to clean up a...
Railroad shares up at the close of July 22 trading
(The Associated Press circulated the following on July 22, 2010.) NEW YORK — Shares of some top railroads companies were up at the close of trading: CSX rose $1.70 or 3.4 percent, to $51.72. Canadian National rose $2.19 or 3.7 percent, to $61.29. Canadian Pacific rose...
AAR: Weekly rail traffic reflects sluggish economy
(The Association of American Railroads issued the following on July 22, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that rail traffic continues to reflect the sluggish economy with U.S. railroads originating 282,199 carloads for the...
CN raises forecast as profits jump 38%
(The following appeared on the Calgary Herald website on July 23, 2010.) CALGARY — Canadian National Railway reported a 38 per cent jump in quarterly profit on Thursday and raised its full-year forecast based on its strong results over the past six months and...
CN reports net income of C$534 million, up 38 per cent from 2009 results
(CN issued the following on July 22, 2010.) MONTREAL — CN today reported its financial and operating results for the second quarter and first half ended June 30, 2010. Second-quarter 2010 highlights • Net income and diluted earnings per share (EPS) increased by 38 per...
Union Pacific’s CEO Young says U.S. Congress discouraging rail investment
(Bloomberg News circulated the following story by Theo Keith on July 23, 2010.) NEW YORK — Union Pacific Corp.’s chief executive officer said U.S. lawmakers are discouraging needed investment even as federal transit authorities call for $77.7 billion in rail- and...
Union Pacific says furloughed workers coming back
(The Associated Press circulated the following on July 22, 2010.) NEW YORK — Union Pacific will recall most of its furloughed employees within a year, the CEO of the nation's largest railroad said Thursday. The company currently has about 2,300 furloughed employees,...
Union Pacific net jumps 53 percent to $711 million
(The following story by John D. Boyd appeared on The Journal of Commerce website on July 22, 2010.) WASHINGTON, D.C. — Union Pacific Railroad turned in a second-quarter profit that was up 53 percent from a year earlier to $711 million, and was 17 percent of its $4.182...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, July 22 — 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: Benefit rate increase for Railroad Unemployment and Sickness benefits
(The Railroad Retirement Board issued the following on June 29, 2010.) CHICAGO — The maximum daily benefit rate payable for claims under the Railroad Unemployment Insurance Act increases to $66 from $64 in the new benefit year, which begins July 1, 2010. Benefits are...
Proposed rules would mandate electronic payments for RRB beneficiaries still receiving paper checks
(The U.S. Railroad Retirement Board issued the following on July 12, 2010.) CHICAGO — Paper checks may be a thing of the past for U.S. Railroad Retirement Board (RRB) beneficiaries who still receive them, under a recent initiative announced by the Department of the...
Florida ordered to come up with plan to reduce crossing accidents
(The following story by Michael Turnbell and Dana Williams appeared on the Sun Sentinel website on July 21, 2010.) FORT LAUDERDALE, Fla. — Federal officials have ordered Florida to reduce railroad crossing accidents, even as the number of collisions between trains and...
CAW members approve new Via Rail contract
(Reuters circulated the following on July 21, 2010.) OTTAWA — The Canadian Auto Workers union said Wednesday that its members voted 88 percent in favor of a new, three-year contract with Via Rail. The two sides reached a tentative agreement late last month after...
STB releases speaker list for coal dust public hearing
(The Surface Transportation Board issued the following on July 21, 2010.) WASHINGTON, D.C. — The Surface Transportation Board announced today a schedule of speakers’ appearances and their time allocations for the Board’s July 29, 2010 public hearing on a case...
Amtrak, Concur to provide business travelers with access to nationwide rail content
(Amtrak and Concur issued the following on July 22, 2010.) REDMOND, Wash. — Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, and Amtrak, America's railroad, today announced that Concur® Travel & Expense and Concur®...
Worcester board endorses zoning change as neighbors resist CSX expansion
(The following story by Nick Kotsopoulos appeared on the Telegram & Gazette website on July 22, 2010.) WORCESTER, Mass. — CSX Corp.’s plan to expand its freight yard between Shrewsbury and Franklin streets gained more momentum after the Planning Board last night...
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