Rail Industry News
Caltrain hopes for boost from high-speed rail
(The following story by Michael Cabanatuan appeared on the San Francisco Chronicle website on April 28, 2010.) SAN FRANCISCO, Calif. — Caltrain, the Peninsula's beleaguered commuter railroad, needs a jolt of electricity to assure its long-term survival, the transit...
Trespassing on railroad tracks can be fatal mistake
(The following story by Bryon Saxton appeared on the Standard-Examiner website on April 28, 2010.) CLEARFIELD, Utah — For the past four years, Utah has averaged at least one railroad death per year related to pedestrians trespassing on the rails, based on federal...
Operation Lifesaver provides a firsthand look at close calls with oncoming train
(The following story by Tammy Stables Battaglia appeared on the Detroit Free-Press website on April 29, 2010.) DETROIT, Mich. — For Operation Lifesaver, a bicyclist proved to be the perfect example of what not to do at a train crossing. A camera mounted on the front...
Personal tragedy inspires Union Pacific employee to teach railroad safety
(The following story by Robert Deane appeared on the Hermiston Herald website on April 28, 2010.) HERMISTON, Ore. — A romanticized view of railroad tracks might look like a scene of children walking and playing along the rails, or fishing off trestles. It is a view...
Editorial: BNSF rail cars headed back into service
(The following editorial appeared on the Independent Record website on April 28, 2010.) HELENA, Mont. — Drive between Helena and Great Falls in coming weeks and you might have the nagging feeling that something is missing. Maybe it’s the colorful wildflowers that...
CSX’s Ward: U.S. needs to make ‘aggressive’ commitment to modernize infrastructure
(The following appeared on the Progressive Railroading website on April 28, 2010.) The United States must make a “renewed and aggressive” national commitment to modernize its infrastructure in order to maintain its leading position in the global economy, said CSX...
Oberstar honored for rail safety efforts
(The following appeared on the Progressive Railroading website on April 28, 2010.) House Transportation and Infrastructure Committee Chairman James Oberstar (D-Minn.) will receive the Dr. Gary Burch Memorial Safety Award, which honors individuals who have...
PTC will not provide ‘substantial’ business benefits to railroads, AAR says
(The following appeared on the Progressive Railroading website on April 28, 2010.) Yesterday, the Association of American Railroads (AAR) announced it filed an expert analysis that dispels assertions there will be substantial business benefits to railroads that...
Canadian Pacific announces first-quarter 2010 results
(The Canadian Pacific Railway issued the following on April 28, 2010.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced its first-quarter results today. Net income in the first-quarter was $100 million, an increase of 74 per cent from $57...
Canadian Pacific profit surges 74 percent
(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on April 28, 2010.) WASHINGTON, D.C. — Canadian Pacific Railway boosted profit 74 percent in the first quarter as an improved economy sparked higher revenue and lower expenses. Net...
Norfolk Southern ‘convinced’ US recovery underway
(The Associated Press circulated the following story by Samantha Bomkamp on April 27, 2010.) NEW YORK — Norfolk Southern Corp. is convinced the U.S. economic recovery is well under way. It's just not sure how fast it will happen. The railroad's confidence comes from...
Railroad shares mixed at the close of April 27 trading
(The Associated Press circulated the following on April 27, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $1.28 or 2.2 percent, to $55.72. Canadian National fell $2.32 or 3.7 percent, to $61.09. Canadian Pacific...
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....
Caltrain electrification is ‘essential,’ agency says
(The following appeared on the Progressive Railroading website on April 27, 2010.) New Caltrain budget projections show that electrifying the commuter-rail system is essential to the agency’s survival. Caltrain currently is facing a multi-million-dollar deficit in...
Maine officials, railway agree to mediation
(The following appeared on the Progressive Railroading website on April 27, 2010.) Officials from the state of Maine and officials from Montreal, Maine & Atlantic Railway Ltd. have agreed to mediation conducted by the Federal Surface Transportation Board to discuss...
Transportation head praises Connecticut for rail project
(The Associated Press circulated the following story by Susan Haigh on April 26, 2010.) HARTFORD, Conn. — Transportation Secretary Ray LaHood encouraged Connecticut officials on Monday to work with Massachusetts and the federal government to introduce high-speed...
Norfolk Southern declares quarterly dividend
(Norfolk Southern issued the following on April 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 34 cents per share on its common stock, payable on June 10, to stockholders of record on May 7. Since...
FedEx Freight may put shipments on rail in future
(The following story by William B. Cassidy appeared on The Journal of Commerce website on April 27, 2010.) WASHINGTON, D.C. — Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years...
Norfolk Southern reports first-quarter 2010 results
(Norfolk Southern issued the following on April 27, 2010.) NORFOLK, Va. — For the first quarter of 2010, Norfolk Southern Corporation (NYSE: NSC) reported net income of $257 million, or $0.68 per diluted share, 45 percent higher compared with $177 million, or $0.47...
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....
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