Rail Industry News
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....
Memories roll in with arrival of steam engine
(The following story by Lourdes Vazquez appeared on the Victoria Advocate website on April 13, 2010.) VICTORIA, Texas — A.W. Hall sat on a bench at the Bloomington train depot watching the steam locomotive engine arrive. Built for Union Pacific, the No. 844 steam...
NJ Transit moves to enact higher train, bus fares
(The Associated Press circulated the following on April 14, 2010.) NEWARK, N.J. — NJ Transit board members today are due to vote on higher fares and service changes. Effective May 1, rail and intercity bus fares would go up by 25 percent. Local bus and light-rail...
Northwest region’s Amtrak routes setting
(The following story by John Gillie appeared on The Olympian website on April 13, 2010.) OLYMPIA, Wash. — More folks are taking the train in the Northwest, according to Amtrak. Amtrak's Cascades service saw a 16.7 percent rise in ridership in the last six months - the...
CN, Chicago-area community coalition issue court briefs in EJ&E appeal
(The following appeared on the Progressive Railroading website on April 13, 2010.) Last week, CN and The Regional Answer to Canadian National (TRAC) filed opening briefs with the U.S. Court of Appeals for the District of Columbia Circuit that outline their arguments...
Norfolk Southern tests biodiesel fuel
(The following story by John D. Boyd appeared on The Journal of Commerce website on April 13, 2010.) WASHINGTON, D.C. — Norfolk Southern Railway and Electro-Motive Diesel will run “extensive” tests of biodiesel fuel, monitoring the use of two blends in both linehaul...
More aboard! Amtrak weighs long route improvements
(The Associated Press circulated the following story by Matt Leingang on April 13, 2010.) COLUMBUS, Ohio — In many states, travelers who take Amtrak's long-distance trains for vacations or out-of-state business trips board in the middle of the night and return home...
Carloads climb for Genesee & Wyoming, RailAmerica in March
(The following appeared on the Progressive Railroading website on April 13, 2010.) Yesterday, Genesee & Wyoming Inc. (GWI) reported March carloads totaling 74,923 units, a 6.9 percent increase compared with March 2009 volume. The gain primarily was driven by metals...
Septa puts new Silverliner V rail cars on display
(The following story by Dan Geringer appeared on the Philadelphia Daily News website on April 14, 2010.) PHILADELPHIA — Yes, there is a "new train smell." The first three of 120 state-of-the-art Silverliner V regional rail cars that SEPTA plans to put into service in...
It’s not as fast, but this Las Vegas train could hit the rails sooner
(The following story by Richard N. Velotta appeared on the Las Vegas Sun website on April 14, 2010.) LAS VEGAS — As two companies compete to be the first to provide high-speed rail service between Las Vegas and Southern California in the not too distant future, a...
Illinois high-speed rail an improvement, Szabo says
(The following story by Marni Pyke appeared on the Daily Herald website on April 14, 2010.) CHICAGO — Federal Railroad Administrator Joseph Szabo beat the drum for high-speed rail in Illinois Tuesday, acknowledging that while the state won't have the fastest trains in...
U.S., Mexico renew commitment to cross-border transportation goals
(The following appeared on the Progressive Railroading website on April 13, 2010.) Yesterday, U.S. Transportation Secretary Ray LaHood and Mexico’s Secretary of Communications and Transportation Juan Molinar met in Monterrey, Mexico, to discuss a range of cross-border...
Amtrak warns VRE not ready for transfer
(The following story by Uriah A. Kiser appeared on the News and Messenger website on April 13, 2010.) WASHINGTON, D.C. — The new company that will operate and maintain Virginia Railway Express trains is recruiting new employees, despite a warning from Amtrak's top...
CSX announces 22% increase in first quarter earnings per share from continuing operations
(CSX issued the following on April 13, 2010.) JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) today announced first quarter earnings per share from continuing operations of $306 million, or 78 cents per share, versus $254 million, or 64 cents per share, in the same...
CSX 1Q earnings driven by ‘steady’ economic growth
(The Associated Press circulated the following story by Samantha Bomkamp on April 13, 2010.) NEW YORK — CSX, the nation's third largest railroad, said Tuesday that "gradual and steady growth" in the economy drove its first-quarter profit up 20 percent compared with...
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....
A Civil War-era B & O veteran is back
(The following story by Frederick N. Rasmussen appeared on the Baltimore Sun website on April 12, 2010.) BALTIMORE, Md. — The Thatcher Perkins has come a long way since the winter day in 2003 when it lay under tons of snow, slate, wood, cast iron and other debris,...
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