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Rail Industry News

Unusual meeting of trains delays morning traffic

(The following story by Francine Sawyer appeared on the Sun Journal website on April 12, 2010.) NEW BERN, N.C. — Motorists commuting to downtown New Bern were stalled between 8 and 10 a.m. Monday after two trains from different towns met at the same time in the city....

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Amtrak eyes new high speed route

(The following story by Audrey Dutton appeared on The Bond Buyer website on April 13, 2010.) WASHINGTON, D.C. — Amtrak wants to become a major player in creating a national high-speed rail network, as states continue to jockey for funding from the federal government...

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PTC, re-regulation highlight NARS meeting

(The North American Rail Shippers (NARS) issued the following on April 12, 2010.) WASHINGTON, D.C. — Positive Train Control and re-regulation are two timely topics expected to draw record attendance at the 2010 North American Rail Shippers annual meeting at the...

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Northwest region’s Amtrak routes setting records

(The following appeared on the News Tribune website on April 13, 2010.) TACOMA, 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 largest increase...

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Analyst downgrades shares of Canadian National

(The Associated Press circulated the following on April 12, 2010.) NEW YORK — A Stifel Nicolaus analyst lowered his rating on shares of Canadian National Railway Co. on Monday, saying the stock had gotten too expensive. Analyst John Larkin noted the stock has gained...

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China looks to rails to carry its next economic boom

(The following story by Alan Wheatley appeared on the New York Times website on April 12, 2010.) BEIJING — In southwestern Yunnan Province, giant concrete pillars bestride the fields, tracing the route of one of scores of new rail lines that China is building. In...

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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...

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M&ET goes loco for green engines

(The following story by J.N. Sbranti appeared on the Modesto Bee website on April 12, 2010.) MODESTO, Calif. — The Modesto & Empire Traction Co. is being called the "greenest" short-line railroad in North America because it has replaced all its old locomotives with...

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Gas industry fuels Horseheads train traffic

(The following story by Jeff Murray appeared on the Star-Gazette website on April 10, 2010.) ELMIRA, N.Y. — Some motorists in Horseheads had to do something April 3 that they haven't had to do for a long time — wait for a train. But village officials and others say...

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DOT stimulus payouts hit $10.26 billion

(The following story by John D. Boyd appeared on The Journal of Commerce website on April 9, 2010.) WASHINGTON, D.C. — The Department of Transportation’s payments to states for work done under economic stimulus projects reached $10.264 billion by March 26, up $286...

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Railroad shares mixed at the close of April 9 trading

(The Associated Press circulated the following on April 9, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $.02 or percent, to $52.96. Canadian National fell $.59 or 1.0 percent, to $60.93. Canadian Pacific rose...

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