Rail Industry News
Canadian Pacific says forecast guarded, not gloomy
(Reuters circulated the following on February 11, 2010.) OTTAWA — Canadian Pacific Railway Ltd (CP.TO) (CP.N) says its view of the economy is no "gloomier" than other carriers and instead reflects management's focus on preparing for an eventual recovery. Last month,...
NTSB to meet on “Most Wanted” safety improvements for federal agencies
(The National Transportation Safety Board issued the following on February 12, 2010.) WASHINGTON, D.C. — The National Transportation Safety Board will hold a public Board meeting Thursday, February 18, at 9:30 a.m., in its Board Room and Conference Center, 429...
California public awareness campaign aims to reduce train-related pedestrian deaths, injuries
(Operation Lifesaver issued the following on February 11, 2010.) OAKLAND, Calif. — California leads the nation in pedestrian-train fatalities and in the past 12 months, the Bay Area has experienced an upward trend in deadly train incidents. In an effort to reduce the...
Winter storms sharply cut coal stockpiles
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 11, 2010.) WASHINGTON, D.C. — The strong winter storms hitting the country this winter are sharply cutting stockpiles of coal held by electrical utilities, said Matthew K....
Snow hampered CSX, NS operations across broad parts of eastern U.S.
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 11, 2010.) WASHINGTON, D.C. — The two major eastern-U.S. railroads – CSX Transportation and Norfolk Southern Railway – were starting to dig out late on Feb. 10 and on Feb. 11...
Stockholders OK sale of BNSF to Berkshire Hathaway
(The following story by Bob Cox appeared on the Fort Worth Star-Telegram website on February 11, 2010.) FORT WORTH, Texas — Stockholders of Burlington Northern Corp. on Thursday voted to approve the sale of the railroad company to Warren Buffett's Berkshire Hathaway....
Buffett acquisition of BNSF at final stage
(The Associated Press circulated the following story by Samantha Bomkamp on February 12, 2010.) NEW YORK — BNSF Railway shareholders have approved the railroad's sale to Warren Buffett's Berkshire Hathaway, paving the way for the Oracle of Omaha to complete his...
AAR: Rail traffic tops 2009 during most recent week
(The Association of American Railroads issued the following on February 11, 2010.) WASHINGTON, D.C. — Freight traffic on U.S. railroads registered small gains in comparison with 2009 levels during the week ended February 6, but continued to trail levels reported in...
Eugene probes homicide of engineer
(The following appeared on the Democrat-Herald website on February 11, 2010.) EUGENE, Ore. — Detectives of the Eugene Police Department are continuing their investigation into the homicide Saturday of an engineer of the Portland & Western Railroad. Ronald Leo...
Federal income tax and Railroad Retirement benefits
(The U.S. Railroad Retirement Board issued the following on February 3, 2010.) The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement beneficiaries...
New York artist sculpts life-size locomotive out of snow
(The following story by Sarah Hagen appeared on the News10Now website on February 11, 2010. For images of the snow locomotive, visit: http://tinyurl.com/y9cathb) NORWOOD, N.Y. -- One tiny North Country village is being reminded, in a big way, of its history. "This...
Rail line would link inland areas to Mississippi ports
(The following appeared on the Hattiesburg American website on February 11, 2010.) HATTIESBURG, Miss. — The Jackson County Port Authority will provide $35,000 for a study on creating a rail line linking east-central Mississippi to coastal ports. The Regional Railroad...
Potash deal with China reassures industry
(The following story by Dina O'Meara appeared on the Calgary Herald website on February 10, 2010.) CALGARY — Increased demand for fertilizer in the global market harkens better days for Canadian potash producers and the railways transporting the product, according to...
NS sees ‘weak’ international box traffic in 2010
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 10, 2010.) WASHINGTON, D.C. — The international part of the U.S. intermodal market will be “weak” for most of 2010 because U.S. consumer spending is still too slow to generate...
New report shows benefits of long-term commitment to high speed rail in N.J.
(The following appeared on the New Jersey News Room website on February 10,2 010.) TRENTON, N.J. — The Obama administration's recent decision to award $38.5 million in high speed rail funds to New Jersey is the first step towards a stronger, faster rail system that...
FDOT officials lay out plan for high-speed rail project
(The following story by Donna Kelly appeared on the News Chief website on February 11, 2010.) WINTER HAVEN, Fla. — Members of the Chamber of Commerce listened intently Wednesday afternoon as officials from the Florida Department of Transportation discussed the future...
BNSF buyout set to be completed today
(The following story by Bob Cox appeared on the Fort Worth Star Telegram website on February 11, 2010.) FORT WORTH, Texas — Shortly after 9 a.m. today, Burlington Northern Corp., the parent company of the vast BNSF Railway Co., will become a part of the Warren Buffett...
BNSF shareholders to vote on sale to Berkshire
(The Associated Press circulated the following on February 11, 2010.) OMAHA, Neb. — Burlington Northern Santa Fe Corp. shareholders are getting ready to vote on selling their railroad to Warren Buffett's company. The Thursday morning vote is the last major hurdle for...
Fitch cuts Berkshire Hathaway ratings on BNSF deal
(The Associated Press circulated the following on February 11, 2010.) CHICAGO — Fitch Ratings on Wednesday cut its key rating of Berkshire Hathaway Inc. two notches within investment-grade territory, citing risks that Warren Buffett's company is taking on in acquiring...
CSX declares force majeure on some loads
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 10, 2010.) WASHINGTON, D.C. — This week’s severe winter storms prompted CSX Transportation to invoke the force majeure clause, for events outside its control, for service...
BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
