Rail Industry News
BNSF cuts capital budget 10 percent
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 23, 2010.) WASHINGTON, D.C. — BNSF Railway plans to spend $2.4 billion in 2010 on capital improvements including track upgrades and freight cars, a drop of 10 percent from 2009...
Disappointing earnings doesn’t change outlook for CSX
(The following story by Mark Basch appeared on the Florida Times-Union website on January 25, 2010.) JACKSONVILLE, Fla. — Although CSX Corp.'s (NYSE: CSX) stock dropped sharply last week after its disappointing fourth-quarter earnings report, analysts generally...
Railroads signal a tepid US economic recovery
(The Associated Press circulated the following story by Josh Funk on January 23, 2010.) OMAHA, Neb. — The nation's railroad operators expect a tepid recovery for the U.S. economy in 2010, as both businesses and consumers continue to wrestle with the effects of the...
Central Japan Railway may target Floriday bullet train deal
(Reuters circulated the following story by Nobuhiro Kubo on January 25, 2010.) TOKYO —Central Japan Railway Co (JR Tokai) (9022.T) will join rivals in competing to develop a high-speed railway line in the U.S. state of Florida, as the former state-owned firm looks to...
Obama expected to announce funds for Florida’s high speed rail project
(The following report appeared on the News-Press website on January 25, 2010.) TAMPA — Local leaders say President Barack Obama will put billions of dollars behind the plan for a high-speed rail link between Tampa and Orlando when he visits the Tampa Bay area...
Amtrak threatens to stop central Florida rail service
(The following appeared on the Lakeland Ledger website on January 23, 2010.) TALLAHASSEE, Fla. — Amtrak threatened to derail recently approved legislation to allow for the proposed Orlando commuter train SunRail unless the state gave it a similar liability provision....
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...
Norfolk Southern clearing the way for Elliston intermodal site
(The following story by Jeff Sturgeon appeared on the Roanoke Times website on January 21, 2010.) ELLISTON, Va. — Norfolk Southern Corp. is clearing land for a planned intermodal train terminal even as attorneys for Montgomery County try to block the project's state...
Opinion: These railroads don’t lie
(The following column by Christopher Barker appeared on the Motley Fool website on January 21, 2010.) NEW YORK — In a world where economists get it wrong, politicians don't get it, and the financial media just wants to cheer you up, it's comforting to know that key...
Union Pacific opposes new rail regulatory legislation
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 21, 2010.) WASHINGTON, D.C. — The largest U.S. freight railroad, Union Pacific, came out against the version of the rail regulatory bill that cleared the Senate Commerce,...
Union Pacific retakes rail-sales lead from Buffett’s Burlington
(Bloomberg News circulated the following story by Craig Trudell on January 22, 2010.) NEW YORK — Union Pacific Corp. reclaimed the title of the biggest U.S. railroad by sales from Burlington Northern Santa Fe Corp., the carrier being acquired by Warren Buffett’s...
BNSF announces $2.4 billion capital commitment program
(BNSF Railway issued the following on January 21, 2010.) FORTH WORTH, Texas — BNSF Railway Company (BNSF) today announced a planned 2010 capital commitment program of $2.4 billion, which is expected to be approximately $240 million lower than 2009 due to fewer...
President nominates Weener for NTSB
(The following story by R.G. Edmonson appeared on The Journal of Commerce website on January 21, 2010.) WASHINGTON, D.C. — President Obama on Wednesday nominated Earl F. Weener for a seat on the National Transportation Safety Board. Weener is a fellow at the Flight...
AAR: Freight traffic remains down on U.S. railroads
(The Association of American Railroads issued the following on January 21, 2010.) WASHINGTON, D.C. — The Association of American Railroads today reported that freight traffic remains down in comparison with 2009 and 2008. For the week ending Jan. 16, 2010, U.S....
Profit at BNSF, Buffett’s new baby, beats Wall St. estimates
(Reuters circulated the following story on January 21, 2010.) CHICAGO — Burlington Northern Santa Fe Corp (BNI.N), which is being purchased by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), posted stronger-than-expected quarterly earnings, lifted by improving...
Burlington Northern Santa Fe reports fourth quarter/full year 2009 results
(The Burlington Northern Santa Fe Corporation issued the following on January 21, 2010.) FORT WORTH, Texas — Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported quarterly earnings of $1.55 per diluted share, which included a tax benefit of $0.25...
NTSB’s executive summary, conclusions regarding 2008 Metrolink accident
(The National Transportation Safety Board issued the following on January 21, 2010.) WASHINGTON, D.C. — This is a synopsis from the Safety Board’s report and does not include the Board’s rationale for the conclusions, probable cause, and safety recommendations. Safety...
NTSB blames texting in Chatsworth crash, but safety lapses contributed
(The following story by Dug Begley and Ben Goad appeared on The Press-Enterprise website on January 22, 2010.) RIVERSIDE, Calif. — The deadly 2008 Chatsworth rail crash was caused by an engineer distracted by sending a text message, but could have been avoided if the...
NTSB recommends surveillance in locomotives
(The following story by Matthew L. Wald appeared on the New York Times website on January 21, 2010.) WASHINGTON, D.C. — The federal government should require surveillance cameras in nearly all locomotives, to allow railroad managers to see if engineers are texting or...
UnitedHealth profit rises 30% as medicare increases
(Bloomberg News circulated the following story by Alex Nussbaum on January 21, 2010.) NEW YORK — UnitedHealth Group Inc., the biggest U.S. health insurer by revenue, beat analysts’ estimates for fourth-quarter profit as sales of coverage for the elderly grew and costs...
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