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Rail Industry News

Rosekind, Weener sworn in as NTSB members

(The following is based on National Transportation Safety Board press releases issued on June 30, 2010.) WASHINGTON, D.C. — Mark R. Rosekind, Ph.D., and Earl F. Weener, Ph.D., took the oath of office today as a Members of the National Transportation Safety Board....

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Amtrak adds three board members

(The following appeared on the Progressive Railroading website on June 30, 2010.) Amtrak recently announced that three new board members — Anthony Coscia, Bert DiClemente and Jeffrey Moreland — were nominated by President Obama and confirmed by the Senate. Coscia is...

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Railroad shares down at the close of June 30 trading

(The Associated Press circulated the following on June 30, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $.32 or .6 percent, to $49.63. Canadian National fell $.53 or .9 percent, to $57.38. Canadian Pacific fell...

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BLET member talks about close calls, accidents

(The following report by Wayne Freedman appeared at ABC7News.com on June 30, 2010. Kevin Gniadek is an Amtrak locomotive engineer and a member of BLET Division 144 in Oakland, Calif.) OAKLAND, Calif. — In the East Bay two of the nation's largest railroad entities are...

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Railroader marks 105th birthday

(The following report appeared on the KETV website on June 29, 2010.) OMAHA, Neb. — A group of retired Union Pacific workers got together Tuesday morning near downtown Omaha to catch up, which is usual -- but this time they were celebrating an unusual birthday. One of...

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BNSF derailment in Montana traced to heavy rain

(The following story by Canda Harbaugh appeared on The Western News website on June 29, 2010.) LIBBY, Mont. — Heavy rain caused the rock slide that derailed a train and blocked the track for two days last week about 30 miles southeast of Libby, according to Burlington...

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Louisiana police ticket KCS conductor

(The following story by Vickie Welborn appeared on the Shreveport Times website on June 29, 2010.) MANSFIELD, La. — Mansfield police today issued a ticket to Kansas City Southern for blocking the city’s main railroad crossing for an extended period. The KCS train...

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Equity firm downgrades Union Pacific stock

(Zacks Equity Research circulated the following on June 29, 2010.) NEW YORK — We are downgrading our recommendation on Union Pacific Corp. from Outperform to Neutral, implying that the stock will perform mostly in line with the broader market. This move is based on...

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Railroad shares down at the close of June 29 trading

(The Associated Press circulated the following on June 29, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $2.41 or 4.6 percent, to $49.95. Canadian National fell $2.41 or 4.0 percent, to $57.91. Canadian Pacific...

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