Rail Industry News
Kansas City Southern railroad profit falls
(The Associated Press circulated the following on January 28, 2010.) KANSAS CITY, Mo. — Freight railroad Kansas City Southern said Thursday that fourth-quarter profit and revenue fell, yet those declines have begun to narrow as the economy stabilizes. Revenue improved...
Canadian Pacific announces 2009 full-year and 4Q results
(Canadian Pacific issued the following on January 28, 2010.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced its fourth-quarter and full-year 2009 results today. Net income in the fourth-quarter was $194 million, an increase of three per...
BLET spokesman testifies on roadside memorials
(The following story by Nancy Hicks and JoAnne Young appeared on the Lincoln Journal Star website on January 29, 2010. Randy Meek is Chairman of the BLET’s Nebraska State Legislative Board.) LINCOLN, Neb. — The legality of roadside memorials on Nebraska state highways...
Illinois gets $1.23 billion for high speed rail; Falls short of $4.5 billion requested
(The following story by Jon Hilkevitch appeared on the Chicago Tribune website on January 27, 2010.) CHICAGO — Illinois' plans for high-speed passenger trains, designed to transform rail into a preferred transportation option and create jobs, will move forward on a...
Florida to get high speed rail cash
(The following story by Mark K. Matthews and Dan Tracy appeared on the Orlando Sentinel website on January 28, 2010.) ORLANDO, Fla. — President Barack Obama is coming to Tampa today to announce that Florida will get about half of the $2.6 billion in federal cash it...
California to get $2.25 billion in high-speed rail funding
(The following story by Richard Simon appeared on the Los Angeles Times website on January 28, 2010.) LOS ANGELES — California will receive $2.25 billion, the largest amount for any state, in federal economic stimulus funds to develop a high-speed rail line running...
Railroad Retirement Board customer service plan update
(The U.S. Railroad Retirement Board circulated the following on January 8, 2010.) CHICAGO — The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the...
BNSF dividend set for when merger closes
(The following story by Bob Cox appeared on the Fort Worth Star-Telegram website on January 27, 2010.) FORT WORTH, Texas — Burlington Northern Santa Fe Corp. has declared a conditional cash dividend that will be paid to shareholders once the merger of BNSF with...
Union Pacific on track in Arizona
(The following story by Natasha Gural appeared at Forbes.com on January 27, 2010.) OMAHA, Neb. — Union Pacific Corp., the railroad with the biggest locomotive fleet in the U.S., said Wednesday it is investing nearly $42 million to improve its existing rail lines in...
Stimulus won’t fund Rockford Amtrak route
(The following story by Thomas V. Bona appeared on the Rockford Register Star website on January 28, 2010.) ROCKFORD, Ill. — Rockford’s Amtrak service has been shut out of the federal stimulus package. It’s Rockford’s third stimulus application to be rejected...
Vermont wins $50.5 million for Amtrak passenger rail
(U.S. Sens. Patrick Leahy (D-Vt.) and Bernie Sanders (I-Vt.) and Rep. Peter Welch (D-Vt.) issued the following press release on January 28, 2010.) WASHINGTON, D.C. — U.S. Sens. Patrick Leahy (D-Vt.) and Bernie Sanders (I-Vt.) and Rep. Peter Welch (D-Vt.) today hailed...
3 Michigan Amtrak stations to get high-speed rail upgrades
(The following story by Chris Christoff appeared on the Detroit Free Press website on January 27, 2010.) DETROIT — Three Amtrak stations in Michigan – including Dearborn’s – will be replaced or renovated with $40 million in federal grants, as part of federal grants...
Michigan receiving $40 million for high-speed rail
(The Associated Press circulated the following on January 28, 2010.) WASHINGTON, D.C. — Michigan is expected to receive $40 million in stimulus funds to develop high-speed rail corridors linking Detroit and Chicago. President Barack Obama and Vice President Joe Biden...
Portland-Seattle Amtrak gets $598 million economic stimulus boost
(The following story by Dylan Rivera appeared on The Oregonian website on January 27, 2010.) PORTLAND, Ore. — Portland-to-Seattle Amtrak service will get a $598 million boost today when President Barack Obama announces economic stimulus grants for high-speed rail...
Wisconsin to get $882 million for high speed rail
(The following report by Bob Hague appeared on the Wisconsin Radio Network website on January 28, 2010.) MADISON, Wisc. — Wisconsin’s high-speed rail projects will receive $822 million in federal stimulus funds, according to an announcement from the state’s U.S....
Ohio to get $400 million for 3C rail project, Gov. Strickland says
(The following story by Aaron Marshall appeared on The Plain Dealer website on January 27, 2010.) COLUMBUS, Ohio — Passenger rail service linking Ohio's major cities -- the so-called 3C Corridor -- could be up and running by the end of 2012, thanks to a $400 million...
$1B high-speed rail grant less than Illinois sought
(The following by Bruce Rushton appeared on the State Journal-Register website on January 28, 2010.) SPRINGFIELD, Ill. — The federal government is giving Illinois more than $1 billion to start work on a high-speed passenger train route between Chicago and St. Louis....
Shippers built along CSX tracks in 2009
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 27, 2010.) WASHINGTON, D.C. — Eastern-U.S. railroad CSX Transportation said customers last year “committed to 92 new or expanded facilities” along CSX tracks, which represent...
Norfolk Southern executives seeing improvement in most core markets
(Dow Jones Newswires circulated the following story by Bob Sechler on January 27, 2010.) WASHINGTON, D.C. — Norfolk Southern Corp. (NSC) executives said Wednesday that business conditions are improving in most of the railroad's core markets, albeit slowly. "We remain...
Railroad shares mixed at the close of Jan. 26 trading
(The Associated Press circulated the following on January 26, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern rose $.01 or percent, to $99.30. CSX rose $.35 or .8 percent, to $45.30. Canadian National...
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