Rail Industry News
Oakland port hopes to double container traffic by 2020
(The following story by Kelly Rayburn appeared on the Oakland Tribune website on March 25, 2010.) OAKLAND, Calif. — As the Port of Oakland continues to navigate a rough economy, government, business and labor leaders are looking to the future and laying the groundwork...
Amtrak offers another opportunity for Nebraska rail car company
(The following appeared on the Lincoln Journal Star website on March 25, 2010.) LINCOLN, Neb. — Earlier this week, details of another opportunity for the Kawasaki's Lincoln rail-car builder emerged when Amtrak, the long-distance passenger railroad, asked Congress for...
CN reaches three-year agreement with rail traffic controllers union
(The Canadian Press circulated the following on March 25, 2010.) MONTREAL — Canada's largest freight hauler says it has reached a tentative three-year labour agreement with the union representing 200 rail traffic controllers across the country. Canadian National says...
Outlook for railways strengthening, but CP rail still remains cautious
(The Canadian Press circulated the following story by Lauren Krugel on March 25, 2010.) CALGARY — The volume of goods being transported across North America by rail is expanding, an investment bank says, but Canada's second-biggest railway is still cautious about the...
Railroad shares mixed at the close of March 25 trading
(The Associated Press circulated the following on March 26, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.08 or .2 percent, to $51.18. Canadian National rose $1.07 or 1.8 percent, to $59.82. Canadian Pacific...
Fourth straight week of gains reported on U.S. freight railroads
(The Association of American Railroads issued the following on March 25, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that for the fourth consecutive week, freight traffic on U.S. railroads was up compared with the same period a year...
One killed, one injured in North Dakota train derailment
(The following story by Leann Eckroth appeared on the Bismarck Tribune website on March 26, 2010.) WASHBURN, N.D. — One man was killed and another injured in a train derailment along an embankment south of Washburn on Thursday. The train derailed about 11:46 a.m., and...
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, March 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....
Public hearings begin today on NJ Transit commuter fare hikes and service cuts
(The following appeared at www.NorthJersey.com on March 25, 2010.) WOODLAND PARK, N.J. — NJ Transit will conduct a public hearing Thursday in Paterson on its proposal to cut service and raise fares system wide. The hearing, to take place 5:30-8:30 p.m. at the theater...
2nd Amtrak Cascades train to run through September
(The Associated Press circulated the following on March 24, 2010.) BELLINGHAM, Wash. — Washington state and British Columbia officials say the second daily Amtrak train between Seattle and Vancouver will continue to run through September. The second Amtrak Cascades...
Union Pacific to announce first quarter results on April 22
(Union Pacific issued the following on March 25, 2010.) OMAHA, Neb. — In conjunction with Union Pacific Corporation's First Quarter 2010 Earnings Release, you are invited to listen to its presentation that will be broadcast live over the Internet or via teleconference...
Amtrak ridership higher than expected on route to Puget Sound
(The following story by Mike Irwin appeared on the Wentachee World website on March 24, 2010.) WENATCHEE, Wash. — Amtrak ridership between Leavenworth and Puget Sound shattered the railroad company’s estimates for the route’s first four months of operation,...
CSX highlights achievements in 2009 annual report
(CSX issued the following on March 24, 2010.) JACKSONVILLE, Fla. — CSX Corporation today announced that proxy materials for its 2010 Annual Shareholders Meeting are now available to shareholders via the Internet under the Securities and Exchange Commission's Notice...
New Amtrak web site goes to national parks
(The following article from the International Herald Tribune appeared on the New York Times website on March 25, 2010.) NEW YORK — Amtrak’s new Web site, amtraktoparks.com, allows users to see the nearest Amtrak route to national park sites in the United States, each...
Union Pacific chugs along with track improvements
(The following story by Betty Beard appeared on The Arizona Republic website on March 25, 2010.) TUCSON, Ariz. — As it waits for the economy to improve, Union Pacific Railroad's construction plans are heading in two directions. Although it has postponed plans to...
Supreme Court to decide cargo liability
(The following story by R.G. Edmonson appeared on The Journal of Commerce website on March 24, 2010.) WASHINGTON, D.C. — The Supreme Court may have to decide whether or not ocean carriers will be considered “railroads” for cargo liability purposes after oral arguments...
Key to Central Florida’s high speed rail’s success is in the details
(The following story by Tom Palmer appeared on The Ledger website on March 24, 2010.) LAKELAND, Fla. — If high-speed rail and all of the planned transit connections that will make it work effectively are to succeed, Central Florida's leaders have to get the details...
CSX CEO’s compensation was $7 million in 2009
(The Associated Press circulated the following story by Samantha Bomkamp on March 24, 2010.) NEW YORK — The chairman, president and CEO of railroad operator CSX Corp. saw his total compensation fall 4 percent last year from the year before, according to an Associated...
CN says first quarter profit forecast still on track
(Reuters circulated the following on March 24, 2010.) TORONTO — Canadian National Railway Co. is on track to meet the profit forecast it issued at the beginning of the year, but the stronger Canadian dollar is not helping, the company's chief financial officer said on...
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