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Rail Industry News

Railroad Retirement age reductions

(Source: U.S. Railroad Retirement Board press release, May 11, 2016) CHICAGO — Railroad retirement benefits are subject to reduction if an employee with less than 30 years of service retires before attaining full retirement age. While employees with less than 30 years...

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UP to make Arizona infrastructure improvements

(Source: Union Pacific press release, May 25, 2016) ROSEVILLE, Calif. — Union Pacific plans to invest $37.7 million in 2016 to improve Arizona's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and...

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UP wraps up Louisiana tie replacement projects

(Source: Southwest Daily News, May 25, 2016) SULPHUR, La. — A Union Pacific rep said Monday that a rail replacement project between Sulphur and Iowa and railroad tie replacement project between DeQuincy and Kinder is complete. Full story: Southwest Daily News

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Kawasaki to seek more U.S. rail business

(Source: Lincoln Journal Star, May 25, 2016) LINCOLN, Neb. — Kawasaki Heavy Industries Ltd., the Japan-based parent company of Kawasaki Motors Manufacturing and Kawasaki Rail Car, is targeting more rail growth overseas, including in the U.S. Full story: Lincoln...

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Railroad coal volumes a concern

(Source: Market Realist, May 25, 2016) NEW YORK — Previously, we discussed the 1Q16 revenues for all of the US Class I railroads. Now, we’ll look at coal. Since 2015, coal has turned into a black hole in the universe of commodities hauled by these carriers. Let’s look...

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Inside the world’s longest rail tunnel

(Source: News.com.au, May 25, 2016) SYDNEY, Australia — It is one of Europe’s grandest feats of engineering and it’s been almost 70 years in the making. But the Gotthard Base Tunnel in Switzerland — the longest and deepest railway tunnel in the world — is, at long...

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