Rail Industry News
Canadian Pacific announces third-quarter results
(Canadian Pacific issued the following on October 27, 2009.) CALGARY — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced third-quarter net income of $195 million, an increase of 14 per cent from $171 million in 2008. Diluted earnings per share were $1.16, an...
CP Rail operating profit down as traffic slows
(Reuters circulated the following on October 27, 2009.) TORONTO — Canadian Pacific Railway Ltd (CP.TO) reported a 22 percent drop in its third-quarter operating profit on Tuesday, as cost control measures failed to fully offset the impact of lower traffic volumes. The...
2009 Railroad Retirement Board Informational Conferences
CHICAGO — The U.S. Railroad Retirement Board holds free information conferences for railroaders. Conference registration begins at 8 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. The U.S. Railroad Retirement Board holds free...
Railroad Retirement and survivor benefits
(The U.S. Railroad Retirement Board issued the following on October 7, 2009.) CHICAGO — Monthly benefits may be payable under the Railroad Retirement Act to the surviving widow(er), children, and certain other dependents of a railroad employee if the employee was...
No Railroad Retirement benefit increase in 2010; Most retiree earnings limits remain at 2009 levels
(The Railroad Retirement Board issued the following on October 16, 2009.) CHICAGO — Railroad retirement annuities, like social security benefits, will not increase in January 2010 as there was no increase in the Consumer Price Index (CPI) from the third quarter of...
Editorial: Hope for billions in federal aid gives high-speed rail new life
(The following editorial appeared on the Sarasota Herald-Tribune website on October 25, 2009.) SARASOTA, Fla. — The chance to accelerate the development of high-speed rail in Florida is about to leave the station, but the Legislature might catch it if it hurries. The...
EEOC lawsuit says Norfolk Southern discriminated against female worker
(The following story by Tom Ramstack appeared on the Business Management Daily website on October 24, 2009.) WASHINGTON, D.C. — The U.S. Equal Employment Opportunity Commission is accusing Norfolk Southern Railway of sex discrimination in a lawsuit filed recently in...
Opinion: Other countries leave U.S. in the dust on high-speed rail
(The following column by Michael Dresser appeared on the Baltimore Sun website on October 26, 2009.) BALTIMORE, Md. — Riding the MARC Camden Line to a conference on high-speed rail is a bit like taking a horse and buggy to an auto show. But that's exactly what I did...
$4M earmarked for Fort Madison bridge
(The following appeared on The Hawk Eye website on October 25, 2009.) FORT MADISON— Iowa Another $4 million has been included in a federal appropriations bill to replace the BNSF bridge over the Mississippi River at Fort Madison. Rep. Dave Loebsack, D-2nd District,...
Rail companies still strong contributors to local economies
(The following story by Lindsey Mutchler appeared on the Messenger website on October 26, 2009.) FORT DODGE, Iowa — Trains are a part of everyday life in the Fort Dodge area. And while it may be frustrating waiting for a train to cross, the industry has been around...
High-speed rail spending to be a boon to freight rail companies
(The following story by Bruce Rushton appeared on the State Journal-Register website on October 25, 2009.) SPRINGFIELD, Ill. — High-speed passenger rail -- that’s what the government calls it. But spending billions of dollars in federal stimulus money on rail could...
BNSF ordered to pay up within 30 days on coal-shipping ruling
(The following story by Richard Piersol appeared on the Lincoln Journal Star website on October 23, 2009.) LINCOLN, Neb. — After months of delays, Lincoln Electric System and its partners in a Wyoming coal-fired generating plant will be getting a check for almost $120...
Fight to allow weapons aboard Amtrak trains could derail Transportation bill
(The following story by Walter Alarkon appeared on The Hill website on October 25, 2009.) WASHINGTON, D.C. — A push in Congress for broader gun rights is threatening to derail Amtrak and stall a transportation spending bill. Gun-rights advocates in Congress are...
BNSF, UP shares drop; analysts see 2010 profits under pressure
(The Associated Press circulated the following on October 23, 2009.) HARTFORD, CONN. — Analysts said Friday that the nation's two largest railroads could face even more difficulty squeezing out profits next year after turning in third-quarter earnings declines. Shares...
Amtrak agrees to take controls of Metrolink trains
(The following story by Doug Irving appeared on The Orange County Register website on October 23, 2009.) ORANGE, Calif. — Amtrak engineers would take the controls of the region's Metrolink trains under a contract now under consideration – replacing a private company...
Southern N.D. Amtrak route revival a tough sell
(The following story by Kristen Daum appeared on The Forum website on October 26, 2009.) FARGO, N.D. — Thirty years ago this month, an Amtrak route servicing Minnesota and southern North Dakota was shut down. Now, a new government study raises the possibility of...
Make-A-Wish, BNSF team up for children’s train ride
(The following story by Jack Z. Smith appeared on the Fort Worth Star-Telegram website on October 25, 2009.) FORT WORTH — Tatum Null has been through a lot for an 11-year-old, but you would have never known it by look on her face Saturday morning. "I’m excited!" she...
CN and Teamsters union to resume talks with negotiators next month
(The Canadian Press circulated the following on October 23, 2009.) MONTREAL — Canadian National Railway Co. (TSX:CNR) and the Teamsters union have agreed to adjourn labour talks, with plans to startup again next month with the help of federal mediators. In a joint...
TWU members authorize strike at Septa
(The following story by Suzette Parmley appeared on the Philadelphia Inquirer website on October 26, 2009.) PHILADELPHIA — About 1,200 members of SEPTA's largest union voted unanimously yesterday to strike as early as the end of this week if no contract is reached...
Positive Train Control costs chafe railroads
(The following story by Christopher Conkey appeared on the Wall Street Journal website on October 26, 2009.) WASHINGTON, D.C. — Passenger- and freight-railroad operators are pressing the White House to scale back proposed rules that would mandate billions in new...
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