Rail Industry News
Buffett’s salary unchanged, but cost of his security goes up
(The Associated Press circulated the following story by Josh Funk on March 11, 2010.) OMAHA, Neb. — Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these...
Norfolk Southern ordered to plant bushes, stock fish as part of $4 million settlement
(The following story by Sarita Chourey appeared on the Bluffton Today website on March 11, 2010.) COLUMBIA, S.C. — The Norfolk Southern Railway Co. must make a series of environmental improvements to the Graniteville area and pay a $4 million penalty, according to...
Performance improvement program pays off, Amtrak says
(The following appeared on the Progressive Railroading website on March 10, 2010.) Ridership on Amtrak’s long-distance trains continues to rise as the national intercity passenger railroad continues to implement the multi-year Route Performance Improvement (RPI)...
US Forest Service recovers $102 million in lawsuit against Union Pacific
(The following appeared at LawyersandSettlements.com on March 10, 2010.) WASHINGTON, D.C. — The United States Forest Service sued Union Pacific Railroad for damages incurred as a result of a wildfire in 2000 that was caused by negligence on the part of the railroad....
Crossing collisions, injuries and fatalities fall to record lows in ’09
(The following appeared on the Progressive Railroading website on March 10, 2010.) Newly released preliminary data from the Federal Railroad Administration (FRA) shows the number of highway-rail grade crossing injuries and fatalities dropped to record lows in 2009,...
Railroad shares mixed at the close of March 10 trading
(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: CSX rose $.37 or .7 percent, to $49.89. Canadian National fell $.28 or .5 percent, to $56.02. Canadian Pacific fell...
CSX sees double-digit earnings growth this year
(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Railroad operator CSX Corp. said Wednesday that it expects double-digit growth in earnings per share for 2010 driven by higher sales and shipping volume. Speaking at the JPMorgan Aviation,...
KCS sees first quarter sales increase 20 percent
(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Railroad operator Kansas City Southern said Wednesday it expects first-quarter sales to grow by more than 20 percent compared with the same period a year ago. In the first quarter of 2009,...
Senate holds FAA bill over FedEx-union issue
(The following story by John D. Boyd appeared on The Journal of Commerce website on March 10, 2010.) WASHINGTON, D.C. — Tennessee’s two U.S. senators are fighting legislation that would reauthorize and fund the Federal Aviation Administration, to make sure it does not...
AAR: Monthly carload declines slow in February 2010
(The Association of American Railroads issued the following on March 10, 2010.) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported that in February 2010, U.S. freight railroads saw a 1.5 percent decline in carloads compared with the same...
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...
Former Greeley mayor sends waves of support to passing trains
(The following story by Chris Casey appeared on the Greeley Tribune website on March 10, 2010.) GREELEY, Colo. — She's Greeley's version of Radar O'Reilly, the clerk on the “M*A*S*H” TV show with the sixth sense for incoming helicopters. Dorothy Martin Zabka has an...
Derailed CSX freight cars in Philadelphia righted
(The following story by Tom Avril appeared on the Philadelphia Inquirer website on March 10, 2010.) PHILADELPHIA — Sometimes, getting back on track requires heavy lifting. Five freight railcars that jumped the track at 23d and Race Streets near the Schuylkill needed...
Broken rail blamed for UP derailment in Iowa
(The Associated Press circulated the following on March 9, 2010.) JEFFERSON, Iowa — Union Pacific says a broken rail caused 30 cars loaded with coal to derail near Jefferson in west central Iowa. Spokesman Mark Davis says Tuesday that the railroad doesn't know why...
Railroad taxi company moving 62 jobs from Bismarck to Dallas
(The Associated Press circulated the following on March 10, 2010.) BISMARCK, N.D. — A company that operates a taxi service and a crew transportation service for railroad workers is moving 62 positions from Bismarck to its Dallas headquarters. Gary Schumacher, head of...
Genesee & Wyoming’s February traffic falls 9 percent
(The Associated Press circulated the following on March 10, 2010.) NEW YORK — Short line and regional railroad operator Genesee & Wyoming Inc. said Wednesday its traffic fell 9 percent last month from February 2009, mostly due to lower shipments of coal, coke and...
USDOT to help keep Maine line open for shippers, Sen. Collins says
(The following appeared on the Progressive Railroading website on March 9, 2010.) On March 4, Sen. Susan Collins (R-Maine) announced the U.S. Department of Transportation agreed to work with state and local officials to maintain service on a Montreal, Maine & Atlantic...
New study to outline feasibility of expanding Amtrak services to Kansas, other states
(The Associated Press circulated the following on March 9, 2010.) TOPEKA, Kan. — State transportation officials are preparing to release a feasibility study that looks at the potential for expanding Amtrak rail service through Kansas. The study is scheduled to be...
Goldman Sachs sued by Electrical Workers union for overpaying its executives
(Reuters issued the following on March 10, 2010.) NEW YORK — Goldman Sachs Group Inc (GS.N) was sued on Monday by a large union pension fund that accused the Wall Street investment bank of overpaying its executives. The International Brotherhood of Electric Workers...
SEIU to focus funds on state races in upcoming elections
(The following story by Joe Garofoli appeared on the San Francisco Chronicle website on March 10, 2010.) SAN FRANCISCO, Calif. — The leader of one of the nation's top campaign donors - the 2.2 million-member Service Employees International Union - said Tuesday the...
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