Rail Industry News
Rail giant CSX cautiously optimistic
(The following appeared on the Louisville Courier-Journal website on January 30, 2010.) LOUISVILLE, Ky. — CSX, the nation's third-largest railroad, anticipates a slow economic recovery this year but warns that weak coal demand could undermine its earnings. Chief...
BNSF unveils hydrogen-fueled locomotive
(The following story by Eric Carpenter appeared on the Orange County Register website on January 29, 2010.) LOS ANGELES — Freight trains that run through Orange County could soon be powered by cleaner-burning fuel – hope given by newly emerging technology announced....
Rail advocates laud $8 billion for high-speed trains
(The following story by Ken Valenti appeared on The Journal News website on February 1, 2010.) WHITE PLAINS, N.Y. — Rail supporters were thrilled by President Barack Obama's announcement last week of $8 billion to improve passenger rail across the country in the first...
Obama rail package could benefit service in Canada
(Canwest News Service circulated the following story by Mike De Souza on January 28, 2010.) CALGARY, Alberta — U.S.-bound travellers from several Canadian cities stand to benefit from $8 billion in funding awarded Thursday by the Obama administration to speed up...
In Ohio, even rail supporters doubt slow travel times will attract riders
(The following story by James Nash and Marla Matzer Rose appeared on The Columbus Dispatch website on January 30, 2010.) COLUMBUS, Ohio — A business traveler hoping to take a train from Columbus to Cleveland would have to leave the capital city at 6:32 a.m. and wrap...
Railroad worker dies after fall from bridge in N.J.
(The following story by Gem Jefferson appeared on the Jersey Journal website on January 30, 2010.) HACKENSACK, N.J. — A 55-year-old North Arlington man who fell into the Hackensack River from the Wittpenn Bridge early yesterday died from his injuries about nine hours...
New federal money boosts passenger rail travel in Missouri
(The following story by Brad Cooper appeared on the Kansas City Star website on January 29, 2010.) KANSAS CITY, Mo. — It’s what Missouri train riders might expect from $2.6 billion in high-speed rail money that the federal government announced Thursday is coming to...
Norfolk Southern seeks approval to declassify its board of directors
(Norfolk Southern issued the following on January 28, 2010.) NORFOLK, Va. — Norfolk Southern Corp. (NYSE: NSC) said today it will seek to declassify its board of directors, as an enhancement to the company’s corporate governance practices. Declassification would...
Maine gets $35 million to extend Amtrak to Brunswick
(The Associated Press circulated the following on January 28, 2010.) PORTLAND, Maine — Amtrak's Downeaster service will be extended another 30 miles north to Brunswick thanks to $35 million in federal stimulus money, while another $50 million grant will be used to...
New Penn Station tunnel, BWI rail stop get federal boost
(The following story by Michael Dresser appeared on the Baltimore Sun website on January 29, 2010.) BALTIMORE, Md. — Two high-priority Maryland projects, including the replacement of a deteriorating tunnel that carries Amtrak trains through Baltimore, will receive $70...
Connecticut leaders put positive spin on $40 million rail grant
(The following story by Don Stacom appeared on The Hartford Courant website on January 28, 2010.) HARTFORD — Even though the Northeast came out as the big loser in the competition for $8 billion in federal high-speed train grants Thursday, state officials said they...
Illinois officials hope high-speed rail grant is just first installment
(The following story by Deana Poole appeared on the State Journal-Register website on January 28, 2010.) SPRINGFIELD, Ill. — Officials in Springfield scrambled Thursday to figure out what the $1 billion-plus Illinois will receive for high-speed rail will mean to the...
Pa. left at the station for high-speed funds
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on January 29, 2010.) PHILADELPHIA, Pa. — President Obama yesterday revealed his plans to spend $8 billion on high-speed rail projects heralded as the start of a new era in American...
Ohio explores ways to pay for passenger train
(The Associated Press circulated the following story by Matt Leingang on January 28, 2010.) COLUMBUS, Ohio — Ohio will find a way to pay for a new passenger train system without increasing the state tax burden, transportation officials said Thursday, a day after...
Va., Md. get nearly $140 million for rail projects
(The following story by Ashley Halsey III appeared on the Washington Post website on January 29, 2010.) WASHINGTON, D.C. — President Obama doled out $8 billion in federal stimulus money Thursday to build and improve rail lines in 31 states, helping fund high-speed...
Police explosion on railroad tracks
(The following story by Rob Longley appeared on the Daily News-Record website on January 28, 2010.) HARRISONBURG, Pa. — Police have evacuated a dormitory on the campus of James Madison University in connection with this morning's explosion on a section of railroad...
Amtrak and Florida make nice; no deal though
(The following story by Mark Matthews appeared on the Orlando Sentinel website on January, 28 2010.) WASHINGTON, D.C. — An impasse between Amtrak and Florida transportation officials took a step toward resolution this week when the two sides met in a cramped Capitol...
Class Is set 2010 capital spending budgets
(The following story by Jeff Stagl appeared on the Progressive Railroading website on January 28, 2010.) While the Class Is report their fourth-quarter financial results this month, they’re also announcing their planned 2010 capital spending budgets. Today, Canadian...
Sector Snap: Railroad stocks mixed at close of Jan. 28 tradings
(The Associated Press circulated the following on January 28, 2010.) DALLAS — Shares of major U.S. freight railroads were mixed Thursday, as Kansas City Southern reported a smaller fourth-quarter profit and weak economic reports dragged down the broader market....
KCS fourth quarter earnings down, but beat analysts’ expectations
(The following story by Randolph Heaster appeared on the Kansas City Star website on January 29, 2010.) KANSAS CITY, Mo. — Kansas City Southern beat analyst estimates in the fourth quarter in both earnings and revenues. For the three months that ended Dec. 31, the...
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