Rail Industry News
Investors should climb on transportation comeback
(The following story by Scott Deveau appeared on the Financial Post website on March 25, 2010.) OTTAWA — With the economy back on track, it's high time investors become bullish on Canada's transportation sector, according to National Bank Financial. "What we know is...
GOP challenges send health bill back to House
(The following story by Lori Montgomery and Shailagh Murray appeared on the Washington Post website on March 25, 2010.) WASHINGTON, D.C. — Senate Republicans have successfully identified two minor violations of reconciliation rules in the final piece of the...
Warren Buffett sees strong rail system as key to U.S. growth
(The following story by Dan Reed appeared on the USA Today website on March 25, 2010.) WASHINGTON, D.C. — In Matt Rose's 10 years at the helm of BNSF Railway, he'd heard plenty of investors talk about quarterly performance. A few would even talk about the railroad's...
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....
Minnesota, Wisconsin officials push for high-speed rail
(The following story bBy Brett Boese appeared on The Post-Bulletin website on March 24, 2010.) ROCHESTER, Minn. — More than 50 elected officials from Minnesota and Wisconsin gathered in La Crosse recently to drum up support for high-speed rail along a river route that...
They’ve been working on the railroad – to make the tracks smoother
(The following story by Ashley Gebb appeared on the Appeal-Democrat website on March 23, 2010.) MARYSVILLE, Calif. — Sparks have been flying along Yuba-Sutter railroad tracks in the last few days. Loram Maintenance of Way Inc. wrapped up its periodic grinding of area...
Denver’s RTD to pay BNSF $144 million for FasTracks land
(The following story by Jeffrey Leib appeared on The Denver Post website on March 24, 2010.) DENVER, Colo. — RTD's board agreed Tuesday night to pay the BNSF Railway Co. about $144 million for land acquisition, relocation and engineering support — tasks needed before...
Union Pacific worker killed by Metrolink train was 20-year veteran
(The following story by Thomas Himes appeared on the Pasadena Star-News website on March 22, 2010.) PASADENA, Calif. — Authorities said a man killed by a Metrolink train over the weekend was a 20-year Union Pacific maintenance employee. Coroner's workers identified...
Lessors note more freight-car usage since 2009’s end, Longbow Research says
(The following appeared on the Progressive Railroading website on March 23, 2010.) In February, the average rail-car utilization rate reached 85 percent, up slightly from 82 percent in December and 83 percent in November, according to Longbow Research’s latest survey...
Second daily Amtrak train to B.C. extended through September
(The following story by Jared Paben appeared on The Bellingham Herald website on March 23, 2010.) BELLINGHAM, Wash. — The second daily Amtrak train service between Seattle and Vancouver, B.C., will be extended through September, state and British Columbia officials...
Railroad projects gaining steam in Vancouver
(The following story by Erik Robinson appeared on The Columbian website on March 23, 2010.) COLUMBIA, Wash. — A slew of west Vancouver railroad construction projects appear to be on the fast-track to begin construction this spring. Washington transportation Secretary...
BNSF, CSX drive first gain in Class I workforce since July
(The following story by John Boyd appeared on the Journal of Commerce website on March 22, 2010.) WASHINGTON, D.C. — Employment grew slightly in February among the seven largest U.S. railroads, for the first time since last July and only the second time since October...
CSX swaps debt for $800 million in new notes and cash; new notes don’t come due until 2040
(The Associated Press circulated the following on March 23, 2010.) JACKSONVILLE, Fla. — Railroad operator CSX Corp. said Monday that it has accepted some of the notes tendered under a debt exchange that expired last week. The company will deliver $660 million in new...
Amtrak seeks $446 million to replace aging rail fleet
(Bloomberg News circulated the following story by Angela Greiling Keane on March 23, 2010.) WASHINGTON, D.C. — Amtrak, the U.S. long-distance passenger railroad, asked Congress for $446 million to begin replacing locomotives and passenger cars as President Barack...
CN’s Hunter Harrison: Couldn’t he just take the train?
(The following story by Boyd Erman appeared on the Globe and Mail website on March 24, 2010.) TORONTO — It appears Canadian National Railway Co.'s former chief executive, Hunter Harrison, didn't much like taking the train. The railroad's proxy materials are out and...
13 attorneys general sue over health care overhaul
(The Associated Press circulated the following story by Brendan Farrington on March 23, 2010.) TALLAHASSEE, Fla. — Attorneys general from 13 states sued the federal government Tuesday, claiming the landmark health care overhaul is unconstitutional just seven minutes...
Teamsters applaud enactment of health care reform
(The International Brotherhood of Teamsters issued the following on March 23, 2010.) WASHINGTON, D.C. — Teamsters General President Jim Hoffa today applauded President Obama and Congress for enacting historic health care reform, providing health insurance to millions...
FRA launches new train simulator safety tool
(The Federal Railroad Administration issued the following on March 23, 2010.) WASHINGTON, D.C. — Efforts to prevent train accidents caused by human error took a giant leap forward today with the installation of a technologically advanced train simulator, Federal...
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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