Rail Industry News
Trains still carry lethal cargo through Dallas-Fort Worth
(The following story by Gordon Dickson appeared on the Fort Worth Star-Telegram website on April 29, 2010.) FORT WORTH, Texas — Railroads continue to haul chlorine, ammonia and other hazardous materials through major metropolitan areas such as Fort Worth and Dallas...
Analysts praise Canadian Pacific results
(The following story by David Pett appeared on the Financial Post website on April 30, 2010.) OTTAWA — Shares in Canadian Pacific Railway Ltd. are on the move, as the Street shower's the country's second-biggest railroad with praise following better-than-expected...
Metra may launch inquiry into exec’s ‘bonus’
(The following story by Richard Wronski appeared on the Chicago Tribune website on April 28, 2010.) CHICAGO — Phil Pagano, Metra's boss of commuter rail operations for the past 20 years, is under scrutiny for possible financial irregularities involving an alleged...
One on one with Burlington Northern CEO Matthew Rose
(The following story from Nightly Business Report appeared at PBS.org on April 29, 2010) SUSIE GHARIB: Investors from around the world will head to Omaha this weekend to see Warren Buffett. The billionaire CEO of Berkshire Hathaway will headline its annual meeting...
Buffett: Economy showing signs of big improvement
(The Associated Press circulated the following on April 30, 2010.) OMAHA, Neb. — Billionaire Warren Buffett says the economy is finally starting to show signs of significant improvement. Berkshire Hathaway's CEO told the Fox Business Network on Thursday that reports...
‘Cadillac of steam’ to ride the rails again
(The following story by Scott Gold appeared on the Los Angeles Times website on April 30, 2010.) LOS ANGELES — About 25 years ago, a group of Southern California train enthusiasts made either the best or the worst investment of their lives, depending on how you look...
Millions of dollars at stake as Colton Crossing deal remains unresolved
(The following story by Dug Begley appeared on The Press-Enterprise website on April 29, 2010.) RIVERSIDE, Calif. — Southern California officials have one week to come to agreement on the public benefits of a planned railroad overpass in Colton, or risk losing $125...
Teamsters target FedEx workers, urge change in FAA authorization act
(The following story by R.G. Edmonson appeared on The Journal of Commerce website on April 29,2 010.) WASHINGTON, D.C. — The International Brotherhood of Teamsters on Wednesday launched a multimedia blitz to push Congress to rescind a portion of a 1996 law that gives...
NAFTA trade soars record 24.1 percent
(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on April 29, 2010.) WASHINGTON, D.C. — Surface trade with Canada and Mexico rose for the third consecutive month in February, surging a record 24.1 percent compared with the...
Amtrak service, repairs at risk without new fleet, chief says
(Bloomberg News circulated the following story by Angela Greiling Keane on April 29, 2010.) WASHINGTON, D.C. — Amtrak, the U.S. long-distance passenger railroad, may face worse service and mounting mechanical woes unless it begins replacing its aging fleet next year,...
Amtrak to invest $1 billion in capital program
(The following appeared on the Progressive Railroading website on April 29, 2010.) Amtrak is launching a $1 billion construction program to fund capital projects designed to rebuild, upgrade and modernize its tracks, bridges, stations and other infrastructure along...
U.S. Class I workforce enlarges again in March, STB data shows
(The following appeared on the Progressive Railroading website on April 29, 2010.) In March, U.S. Class Is employed slightly more workers, marking the second-straight month they posted a small workforce gain. As of mid-March, the large roads' workforce stood at...
AAR: Rail freight traffic continues to gain strength
(The Association of American Railroads issued the following on April 29, 2010.) WASHINGTON, D.C. — The Association of American Railroads said today that rail freight traffic is continuing to gain strength as weekly carload volume was at its highest level since the...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 26 — 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....
CP Rail’s strong results bring analysts aboard
(The following story by Eric Lam appeared on the Financial Post website on April 29, 2010.) OTTAWA — Strong first-quarter results this week from Canada's two biggest railways, Canadian National Railway Co. and Canadian Pacific Railway Ltd., have analysts excited about...
Canadian Pacific’s profits rise 74 per cent profit, but cautious on outlook
(The Canadian Press circulated the following story by Lauren Krugel on April 28, 2010.) CALGARY — Canadian Pacific Railway Ltd. (TSX:CP; NYSE:CP) saw a 74 per cent bump in first-quarter profits as the economy began to recover from last year's deep downturn, but the...
LIRR to get new, lighter diesel trains
(The Associated Press circulated the following on April 29, 2010.) NEW YORK — About a dozen new, smaller diesel trains have been approved for the Long Island Rail Road. The Metropolitan Transportation Authority gave the green to spend $78 million to buy the trains for...
Genesee & Wyoming Reports Results for the First Quarter of 2010
(Genesee & Wyoming issued the following on April 29, 2010.) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) reported net income in the first quarter of 2010 of $16.0 million, compared with net income of $13.9 million in the first quarter of 2009. GWI's diluted...
Editorial: High-speed rail is an idea whose time has come
(The following editorial appeared on the Salt Lake Tribune website on April 28, 2010.) SALT LAKE CITY, Utah — You, too, can be the envy of air and auto travelers, whisking along at more than 200 mph, arriving faster and more refreshed in a high-speed train. But you'll...
Feds chastise CN for undercounting rail crossing delays
(The following report by Richard Wronski appeared on the Chicago Tribune website on April 28, 2010.) WASHINGTON, D.C. — Federal regulators on Wednesday scoffed at Canadian National Railway's assertion that its locomotive-size undercount of delays at suburban railroad...
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