Rail Industry News
AAR: Broad gains in weekly U.S. rail freight traffic
(The Association of American Railroads issued the following on April 15, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that freight traffic on U.S. railroads was once again up sharply for the week ended April 10, 2010 compared with the...
CSX workers bring smile to boy’s face with new bike
(The following story by Rick McCrabb appeared on the Middletown Journal website on April 16, 2010.) MIDDLETOWN, Ohio — They came to town to repair our railroad tracks. And in the process, they fixed our beliefs in humanity. On Wednesday, April 14, Levi Hensley, a...
Benefits under Railroad Retirement and Social Security
(The U.S. Railroad Retirement Board issued the following on March 3, 2010.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 12 — 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....
Kansas man convicted in conspiracy to defraud BNSF
(The following story by Eric Torbenson appeared on The Dallas Morning News website on April 14, 2010.) DALLAS, Texas — A federal jury in Fort Worth has convicted Robert Steele, 64, of Gardner, Kan., on seven counts of wire fraud and conspiracy to commit wire fraud...
Opinion: Railroads are keen to gather steam
(The following column by Christopher Barker appeared on the Motley Fool website on April 14, 2010.) NEW YORK — If you have never journeyed across a continent by train, it could make an excellent addition to your bucket list. I can think of few experiences that provide...
New York City to improve freight shipping capabilities
(The following appeared on the Progressive Railroading website on April 14, 2010.) Yesterday, New York City officials unveiled a new waterfront plan. To be implemented during the next decade, the plan calls for turning the waterfront into a central shipping hub and...
Effort under way to repeal California high-speed rail bond measure
(The following story by Mike Rosenberg appeared on the San Mateo County Times website on April 14, 2010.) SAN JOSE, Calif. — Officials in five cities will consider whether to throw their weight behind an effort to ask California voters to repeal the bond measure that...
Illinois governor derails Genoa’s dreams for Amtrak
(The following story by Dave Gathman appeared on the Courier-News website on April 15, 2010.) CHICAGO — An unexpected about-face on the route to be used for new Chicago-Dubuque Amtrak train service leaves Genoa- and South Elgin-area leaders feeling bewildered. But the...
Newly minted Maine law provides funds to purchase rail line
(The following appeared on the Progressive Railroading website on April 14, 2010.) Earlier this week, Maine Gov. John E. Baldacci signed a job creation investment bill into law that includes funds to purchase a Montreal, Maine & Atlantic Railway Ltd. line that’s...
Maine, federal officials moving on rail plan
(The following story by Nick Sambides Jr. appeared on the Bangor Daily News website on April 14, 2010.) BANGOR, Maine. — Voters will have the final say, but state and federal officials are working now to save about 240 miles of northern Maine rail lines slated for...
KCS declares preferred stock dividend
(Kansas City Southern issued the following on April 14, 2010.) KANSAS CITY, Mo. — The Executive Committee of Kansas City Southern’s (KCS) (NYSE: KSU) Board of Directors has declared a cash dividend of $12.8125 per share on the outstanding 5.125% Cumulative Convertible...
Urban railroading presents grade crossing hazards
(The following story by Tom Fontaine appeared on the Pittsburgh Post-Gazette website on April 14, 2010.) PITTSBURGH — Trains struck more than five vehicles and pedestrians a day at U.S. railroad crossings on average last year, killing or injuring 936 people, federal...
Operation Lifesaver helps reduce accidents at railroad crossings
(The following story by Jon Schmitz appeared on the Pittsburgh Post-Gazette website on April 15, 2010. J.J. Trimble is a member of BLET Division 335 in Elrama, Pa.) PITTSBURGH, Pa. — Jimmy Trimble loosed four blasts of the whistle on his Norfolk Southern locomotive as...
Andy Stern to step down as chief of politically active Service Employees International Union
(The following story by Steven Greenhouse appeared on the New York Times website on April 13, 2010.) NEW YORK — Andy Stern, the nation’s most politically influential union president, will announce plans this week to resign, several union officials said, in a move that...
CSX shares rise on stronger-than-forecast profit report
(The following story by Shawn Langlois appeared at MarketWatch.com on April 14, 2010.) SAN FRANCISCO — CSX Corp. shares chugged higher on Wednesday after the railroad operator posted a first-quarter profit improvement that bodes well for the rest of the industry. CSX...
CSX rates to rise 4 to 5 percent in 2010
(The following story by John D. Boyd appeared on the Journal of Commerce website on April 14, 2010.) WASHINGTON, D.C. — First quarter rates increased at top of range for 2010 core price gain CSX Transportation is sticking with its earlier guidance to see core pricing...
CSX CEO expects ‘strong, double-digit’ EPS growth In 2010
(Dow Jones Newswires circulated the following story by Bob Sechler on April 14, 2010.) NEW YORK — CSX Corp. (CSX) executives said Wednesday that with economic recovery picking up steam, they expect "strong, double-digit" profit growth for the railroad in 2010. Chief...
Benefits under Railroad Retirement and Social Security
(The U.S. Railroad Retirement Board issued the following on March 3, 2010.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...
Railroad Retirement Board 2010 informational conferences
CLEVELAND, April 12 — 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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