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Rail Industry News

BNSF derailment blamed on faulty train track brace

(The following story by Chris Paschenko appeared on The Daily News website on March 21, 2010.) SANTA FE — A 22-car derailment, which spilled oil and prompted evacuations, was caused by a faulty underground railroad track brace, a Burlington Northern Santa Fe official...

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Railroad shares mixed at the close of March 19 trading

(The Associated Press circulated the following on March 19, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX fell $.34 or .7 percent, to $51.51. Canadian National rose $.39 or .7 percent, to $58.88. Canadian Pacific fell...

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Rail freight industry seems poised for a rebound

(The following story by Michael Pound appeared on the Beaver County Times website on March 21, 2010.) BRIGHTON TWP., Pa. — A year ago, the symbol of the state of the rail freight industry was the lines of empty cars parked along tracks across the country — including...

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Union Pacific worker killed in Metrolink train crash

(The following story by Brian Day appeared on the San Gabriel Valley Tribune website on March 20, 2010) INDUSTRY, Calif. — A Union Pacific employee died Saturday when his pickup truck was struck by a Metrolink commuter train, authorities said. The crash occurred about...

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Health care reform now faces Senate challenge

(The following story by Ed Hornick appeared at CNN.com on March 22, 2010.) WASHINGTON, D.C. — Now that the House has passed the Senate's health care reform bill and a package meant to reconcile differences between the House and Senate bills, the next step is for...

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Investigation rules engineer’s death a suicide

(The following story by Mark Baker appeared on The Register-Guard website on March 19, 2010. Ronald Leo Langlois was a member of BLET Division 416 in Salem, Ore.) EUGENE, Ore. — After an almost six-week investigation, the violent crimes unit of the Eugene Police...

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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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J.P. Morgan sees better profits for railroads

(The following story by Steve Gelsi appeared at MarketWatch.com on March 19, 2010.) NEW YORK — J.P. Morgan analysts on Friday raised their 2010 and 2011 profit outlooks for the major railroads in the U.S. and Canada, including Canadian National Railway Co., Canadian...

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Design contract signed for Moynihan Station

(The following story by Robin Pogrebin appeared on the New York Times website on March 18, 2010.) NEW YORK — The architecture firm Skidmore, Owings & Merrill has signed a contract with the Moynihan Station Development Corporation to start design work on the first...

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Teamsters laud Obama for signing jobs bill

(The International Brotherhood of Teamsters issued the following on March 18, 2010.) WASHINGTON, D.C. — Teamsters General President Jim Hoffa commended President Obama for taking action to create jobs. President Obama signed the “Hiring Incentives to Restore...

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Historic drop: NAFTA trade fell 23 percent in 2009

(The following story by Thomas L. Gallagher appeared on The Journal of Commerce website on March 18, 2010.) WASHINGTON, D.C. — Surface trade with Canada and Mexico in 2009 took the steepest dive in the 15 year history of the North American Free Trade Agreement. Trade...

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