Rail Industry News
Freight comes first on rail in Ohio’s passenger system
(The following story by Adrian Burns appeared on the Business First of Columbus website on February 8, 2010.) COLUMBUS, Ohio — Ohio’s planned passenger rail system could be on a collision course with another one of the state’s key economic priorities – expanding its...
More than 100 CSX train cars spill coal in Pa.
(The Associated Press circulated the following on February 7, 2010.) WILKES-BARRE, Pa. — Crews from CSX were working to upright rail cars and clean up coal after a train derailed in southwestern Pennsylvania. No one was injured when 113 of the 130-car train derailed...
Fuel spill at Elkhart rail yard causes road closure
(The Associated Press circulated the following on February 8, 2010.) ELKHART, Ind. — A fuel spill in a northern Indiana railroad yard caused authorities to close a main road while it was cleaned up. Elkhart police say it took firefighters and hazardous materials crews...
Florida transportation chief cleared in e-mail inquiry
(The following story by Lee Logan and Steve Bousquet appeared on the Miami Herald website on February 6, 2010.) TALLAHASSEE, Fla. — Florida Transportation Secretary Stephanie Kopelousos was cleared Friday of allegations that she skirted state public records laws in a...
China’s fast trains may offer tips for U.S.
(The following story by Calum MacLeod appeared on the USA Today website on February 8, 2010.) ABOARD THE GUANGZHOU-WUHAN EXPRESS — Once the speed gauge hits 350 kilometers per hour, or 217 miles per hour, passengers charge down the aisle to photograph the electronic...
Railroad stocks mostly up at close of February 5 trading
(The Associated Press circulated the following on February 5, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern rose $.29 or .3 percent, to $99.72. CSX rose $.59 or 1.4 percent, to $42.92. Canadian...
Riding the rails, until the weather caught up
(The following story by Liz Robbins appeared on the New York Times website on February 7, 2010.) NEW YORK — When the powerful Mid-Atlantic winter storm grounded all flights and shut down highways in the Mid-Atlantic region, Amtrak’s Capitol Limited, bound for Chicago...
Stranded Northeast travelers flock to Amtrak
(The following story by Gretchen Gailey appeared at FoxNews.com on February 7, 2010.) WASHINGTON, D.C. — With Washington, DC area airports still closed or having very limited service, travelers across the region have been left stranded after this weekend’s record...
Cleaning up after a snowstorm as another one looms
(The following story by Matthew L. Wald appeared on the New York Times website on February 7, 2010.) WASHINGTON, D.C. — Road crews, power company workers and plain old homeowners with shovels struggled in gleaming sunshine on Sunday to clean up from a weekend of...
Obama’s money trains
(The following story by John D. Boyd appeared on The Journal of Commerce website on February 8, 2010.) WASHINGTON, D.C. — More than half of high-speed rail grants will go into freight corridors to build up inter-city passenger service It took nearly a year and a...
Railroad shares down at the close of February 4 trading
(The Associated Press circulated the following on February 4, 2010.) NEW YORK — Shares of some top railroads companies were down at the close of trading: Burlington Northern fell $.38 or .4 percent, to $99.43. CSX fell $1.68 or 3.8 percent, to $42.33. Canadian...
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...
Verizon names former DOT Secretary Rodney Slater to its board
(The Associated Press circulated the following on February 4, 2010.) NEW YORK — Verizon Communications Inc. said Thursday that it has named a former U.S. secretary of transportation who served under President Bill Clinton to its board. Rodney Slater will join...
Union Pacific to give historic Katy railroad bridge to Mo. city
(The Associated Press circulated the following story by David A. Lieb on February 4, 2010.) BOONVILLE, Mo. — A rusty Missouri River railroad bridge that came to symbolize the battle between historical tourism and modern transportation has been saved from demolition...
Montreal, Maine & Atlantic short line files abandonment notice
(The Montreal, Maine & Atlantic Railway issued the following on February 4, 2010.) BANGOR, Maine — Montreal, Maine & Atlantic Railway (MMA) said today that it has filed a “Notice of Intent " with the Surface Transportation Board (STB) to abandon certain of its lines....
Amtrak’s Empire Builder ridership down 10 percent during 2009
(The following appeared on The Daily Inter Lake website on February 5, 2010.) KALISPELL, Mont. — Amtrak ridership took a hit last year, with about 10 percent fewer passengers riding the Empire Builder through Montana in 2009. The total number of passengers was 148,019...
Union Pacific declares quarterly dividend of 27 cents per share
(Union Pacific issued the following on February 4, 2010.) OMAHA, Neb. — The Board of Directors of Union Pacific Corporation has declared a quarterly dividend of 27 cents per share on its common stock, payable April 1, 2010, to stockholders of record February 26, 2010....
Amtrak announces East Coast service cancellations due to impending winter weather
(Amtrak issued the following on February 4, 2010.) WASHINGTON, D.C. — Due to impending winter weather conditions in Virginia and the Carolinas, most Amtrak service south from Washington, DC has been canceled for Friday, February 5. All southbound Northeast Regional...
S&P cuts Berkshire’s rating, cites Burlington deal
(The Associated Press circulated the following on February 4, 2010.) OMAHA, Neb. — Standard & Poor's has followed through on its warning and lowered Berkshire Hathaway Inc.'s long-term credit rating Thursday as the Omaha firm readies to acquire Burlington Northern...
Berkshire to issue $8 billion of debt for BNSF purchase
(The Associated Press circulated the following on February 4, 2010.) OMAHA, Neb. — Berkshire Hathaway Inc. filed documents Thursday indicating plans to sell $8 billion of debt to finance the acquisition of railroad Burlington Northern Sante Fe Corp. Documents filed...
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