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Rail Industry News

PATH broke ridership record in June

(Source: Progressive Railroading, August 1, 2016) Port Authority Trans Hudson (PATH) trains in June carried nearly 7 million people, marking the system's highest monthly total ever, the Port Authority of New York and New Jersey (PANYNJ) announced late last week. Full...

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BNSF, UP sue over California haz-mat tax

(Source: Courthouse News Service, August 1, 2016) SAN FRANCISCO — BNSF and Union Pacific Railway have sued the California Board of Equalization over a tax that they say unfairly targets trains carrying hazardous waste, but not more accident-prone trucks. Full story:...

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Norfolk Southern declares quarterly dividend

(Source: Norfolk Southern press release, July 29, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on Sept. 10 to stockholders of record on Aug. 8. Since its inception...

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Feds propose two-person train crews

(Source: Connecticut Post, July 29, 2016) WASHINGTON, D.C. — The railroad industry is attempting to halt a proposed safety rule requiring two-person crews in its tracks, but Connecticut lawmakers say the change is essential. Full story: Connecticut Post

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UP declares dividend for 3Q 2016

(Source: Union Pacific press release, July 28, 2016) OMAHA, Neb. — The Board of Directors of Union Pacific Corporation has declared a quarterly dividend of 55 cents per share on the company's common stock, payable September 30, 2016, to shareholders of record August...

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