Rail Industry News
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...
Tie purchases soar, production stabilizes in December
(The following appeared on the Progressive Railroading website on January 20, 2010.) After increasing 8 percent in November, crosstie purchases jumped 32 percent in December to 1.3 million units, according to the Railway Tie Association’s (RTA) monthly tie market...
Longbow survey: Freight-car demand, lease rates remain flat
(The following appeared on the Progressive Railroading website on January 20, 2010.) Conditions in the rail-car market aren’t getting worse, but they’re not improving, either, according to a survey of about 20 rail-car lessors conducted by Longbow Research in early...
Sounder route remains closed due to mudslide
(The following appeared on the Seattle Times website on January 21, 2010.) SEATTLE, Wash. — Commuters who use Sound Transit's Northline Sounder train and Amtrak between Seattle and Everett will still need to use bus alternatives Thursday morning due to a mudslide that...
Ex-Amtrak cop sues RR over shooting at take-out
(The following story by Stephanie Farr appeared on the Philadelphia Daily News website on January 20, 2010.) PHILADELPHIA — An Amtrak police officer has sued the national rail corporation, claiming it's liable for an incident in which a woman was able to grab his gun...
SEPTA, alleging greed, sues Goldman Sachs
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on January 21, 2010.) PHILADELPHIA — SEPTA, upset with the performance of its pension fund's investment in Goldman Sachs Group Inc., has sued the financial firm, accusing it of greed....
STB regulators taking closer look at CN’s EJ&E reports
(The following story by Richard Wronski appeared on the Chicago Tribune website on January 21, 2010.) CHICAGO — Federal regulators said Wednesday they're taking a closer look at concerns about noise, vibrations and train delays along the former Elgin, Joliet & Eastern...
STB to investigate community concerns about compliance with conditions of CN-EJ&E merger
(The Surface Transportation Board issued the following on January 20, 2010.) WASHINGTON, D.C. — The Surface Transportation Board is requesting feedback from Chicago-area communities affected by the merger of Canadian National Railway with the Elgin, Joliet & Eastern...
CSX boss warns on US rail legislation
(The following story by Robert Wright appeared on the Financial Times website on January 21, 2010.) LONDON — Investment in US freight railways will fall if proposed federal rail legislation is passed in its present form, the chief executive of the sector's...
CSX CEO sees economy improving, coal demand weak
(The Associated Press circulated the following story by Samantha Bomkamp on January 20, 2010.) NEW YORK — The CEO of CSX, the nation's third-largest railroad, predicts a slow economic recovery this year, while warning that weak coal demand could undermine his...
CSX executives see ‘better overall conditions’ in 2010
(Dow Jones Newswires circulated the following story by Bob Sechler on January 20, 2010.) NEW YORK — CSX Corp. (CSX) executives forecast "better overall conditions" in 2010 and said they expect volume growth in most of the railroad's shipping markets this year. They...
Shareholders approve Berkshire stock split
(The following story by Steve Jordan appeared on the Omaha World-Herald website on January 20, 2010.) OMAHA, Neb. — Shareholders of Berkshire Hathaway Inc. gave nearly 99 percent approval this morning to the first stock split in company history, a change that lays the...
Obama names freight attorney to Amtrak Board
(The following story by John D. Boyd appeared on The Journal of Commerce website on January 20, 2010.) WASHINGTON, D.C. — President Obama is nominating Jeffrey R. Moreland, a former senior attorney with BNSF Railway and Atchison, Topeka & Santa Fe Railway, to join...
Union Pacific reports fourth quarter 2009 earnings
(Union Pacific issued the following on January 21, 2010.) OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported 2009 fourth quarter net income of $551 million, or $1.08 per diluted share, compared to $661 million, or $1.31 per diluted share in the fourth...
Top US railroad Union Pacific posts smaller profit
(Reuters circulated the following by Carey Gillam on January 21, 2010.) KANSAS CITY — No. 1 U.S. railroad Union Pacific Corp (UNP.N) on Thursday reported a smaller quarterly profit, but one that still beat Street views, as shipment volumes remained depressed in a...
Metrolink Failed to Act on NTSB recommendations before Chatsworth accident of September 2008
(Former NTSB Chairman Jim Hall issued the following on January 20, 2010.) WASHINGTON, D.C. — The engineer's use of a cell phone has been widely publicized in connection with the head on collision between a Metrolink commuter train and a Union Pacific freight train in...
NTSB to wrap up Metrolink accident investigation
(The Associated Press circulated the following story by Kevin Freking on January 21, 2010.) WASHINGTON, D.C. — A federal panel is wrapping up its 16-month investigation into a commuter train crash in a Los Angeles suburb that killed 25 people and injured at least 130....
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...
Oregon delegation pushes for Siskiyou rail line
(The Associated Press circulated the following on January 18, 2010.) ROSEBURG, Ore. — Members of Oregon's congressional delegation continue to support a shippers' proposal to restore rail service along the Siskiyou Line despite a competing plan from a public...
Drug Bust on Amtrak train in Colfax
(The following appeared on the Rocklin and Roseville Today website on January 19, 2010.) ROSEVILLE, Calif. — A Colorado man was arrested last week when a Placer County Sheriff’s K-9 found a large stash of marijuana aboard an Amtrak train in Colfax. Sheriff’s deputies...
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