Rail Industry News
A nation looked to Utah’s Golden Spike 141 years ago
(The following story by Brett Prettyman appeared on The Salt Lake Tribune website on May 9, 2010.) GOLDEN SPIKE NATIONAL HISTORIC SITE — Richard Carroll has probably driven enough historic rail spikes to have completed the 1,776 miles of transcontinental railroad on...
Metra executive left legacy — and questions
(The following story by Dan Simmons, Stacy St. Clair and Richard Wronski appeared on the Chicago Tribune website on May 8, 2010. Doug Davidson is a member of Division 96 in Chicago and is the Assistant Director of Arbitration for the BLET National Division.) CHICAGO —...
Floods disrupt Memphis rail service from Chicago, East Coast
(The following story by Wayne Risher appeared on the Memphis Commercial-Appeal website on May 8, 2010.) MEMPHIS, Tenn. — High water and flood damage slowed rail service into Memphis from Chicago and the East Coast this week. Flooding west of Nashville heavily damaged...
CSX Nashville-Memphis line flooded out for weeks
(The following story by John D. Boyd appeared on The Journal of Commerce website on May 7, 2010.) WASHINGTON, D.C. — Last weekend killer storms that flooded out Nashville and other parts of Tennessee and killed at least 30 people in several states will also keep a CSX...
NMB announces rule change for railroad, airline organizing
(The following story by Mike Esterl appeared on the Wall Street Journal website on May 10, 2010.) NEW YORK — The National Mediation Board overhauled a decades-old election rule to make it easier for airline and railway employees to unionize, in a sign that labor is...
Clock ticks on railroad rate reform
(The following story by Tom Lutey appeared on The Billings Gazette website on May 7, 2010.) BILLINGS, Mont. — Time is running out this year for federal railroad reform sought by Montana farmers and other captive shippers who rallied Wednesday in Washington, D.C., to...
California cities, environmental groups aim to reopen high-speed rail suit
(The following story by Jessica Bernstein-Wax and Will Oremus appeared on the San Jose Mercury News website on May 7, 2010.) SAN JOSE, Calif. — Atherton, Menlo Park and three environmental groups Thursday filed a petition in Sacramento County Superior Court asking a...
California high-speed rail hires CEO for $375,000
(The following story by Mike Rosenberg appeared on the San Mateo County Times website on May 6, 2010.) SAN JOSE, Calif. — An executive for the company that built France's bullet trains will lead California's high-speed rail project for a salary of $375,000, making him...
Illinois lawmakers back Chicago-to-St. Louis high-speed train
(The following story by Chris Essig appeared on the The Quad-City Times website on May 6, 2010.) SPRINGFIELD, Ill. — Illinois lawmakers signaled their support for a 220-mph high-speed passenger train that could someday connect Chicago and St. Louis. On Thursday, the...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, May 7 — 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....
Madison location is ‘correct choice’ for new Wisconsin Amtrak station
(The following story by Matthew DeFour appeared on the Wisconsin State Journal website on May 6, 2010.) MADISON, Wisc. — In an announcement that Madison officials hailed as a boon for Downtown, Gov. Jim Doyle said Thursday that the “obvious, correct choice” for an...
KCS holds annual stockholders meeting, elects four directors and announces preferred dividend
(Kansas City Southern issued the following on May 6, 2010.) KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 6, 2010 in Kansas City, Missouri. With over 92% of KCS’ outstanding common and preferred stock represented in...
In Las Vegas, low-speed train proposals clash
(The following story by Richard N. Velotta appeared on the Las Vegas Sun website on May 7, 2010.) LAS VEGAS, Nevada — Southern Nevadans who have been watching the high-speed train story unfold are familiar with the verbal battle between the backers of a...
Memphis rail link to Nashville closed due to flooding
(The following appeared on the Tennessean website on May 7, 2010.) NASHVILLE, Tenn. — The main railroad between Memphis and Nashville has been knocked out of service, as the flood damaged five bridges along the route. The Memphis line has been shut down since Sunday,...
Railroad shares down at the close of May 6 trading
(The Associated Press circulated the following on May 6, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: CSX fell $.69 or 1.3 percent, to $53.13. Canadian National fell $1.53 or 2.7 percent, to $55.97. Canadian Pacific fell...
UP shareholders approve majority voting resolution
(The Associated Press circulated the following on May 6, 2010.) OMAHA, Neb. — Union Pacific shareholders approved a resolution requiring the railroad to decide all ballot issues by majority vote but rejected a measure requiring an independent board chairman. The...
UP boosts dividend, adopts majority voting rule
(The Associated Press circulated the following story by Josh Funk on May 6, 2010.) OMAHA, Neb. — Union Pacific said Thursday it will boost its dividend 22 percent and increase its capital budget by $100 million this year to help the railroad take advantage of the...
Union Pacific announces dividend increase and additional growth capital
(Union Pacific issued the following on May 6, 2010.) OMAHA, Neb. — Union Pacific Corporation announced that its Board of Directors voted today to increase the quarterly dividend on the company's common shares by 22 percent to 33 cents per share. The increased dividend...
UP chief: Railroad stronger
(The following story by Joe Ruff appeared on the Omaha World-Herald website on May 6, 2010.) OMAHA, Neb. — More confidence in the nation's economic recovery and in the strength of Union Pacific Corp., even in a downturn prompted the railroad Thursday to increase its...
As National Train Day approaches, more choose to ride the rails
(The following story by Mike Perrault appeared on The Desert Sun website on May 7, 2010.) PALM SPRINGS, Calif. — At 4:47 a.m. Sunday, David Mince winced at the freight train's lights as it pierced the darkness and rumbled past Amtrak's station on the outskirts of...
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