Rail Industry News
Lac-Megantic residents dissatisfied with message from transport minister
(Source: Canadian Press, April 27, 2016) MONTREAL — Lac-Mégantic residents had the opportunity to demand answers to some of their lingering questions from Federal Minister of Transport Marc Garneau Tuesday night, including whether the town will get a new set of train...
Canadian government won’t say what it paid to Lac-Megantic settlement fund
(Source: Canadian Press, April 27, 2016) OTTAWA — The federal government used taxpayer money to shield itself from lawsuits related to the deadly Lac-Mégantic rail disaster — but it’s refusing to say how much it paid. Full story: Toronto Star
BMWED reaches tentative agreement with New York Susquehanna & Western
(Source: National Mediation Board press release, April 27, 2016) WASHINGTON, D.C. — The National Mediation Board (NMB) is pleased to announce that New York Susquehanna & Western Railroad and members of the Brotherhood of Maintenance of Way Employees...
CN trims earnings outlook despite 1Q 2016 profit
(Source: Canadian Press, April 25, 2016) MONTREAL — Canadian National Railway reported much higher than expected net profit in the first quarter but said lower commodity shipments weighed on revenue and have prompted a downward revision to the company's 2016 financial...
High-speed rail board to weigh in on revised California plan
(Source: Associated Press, April 28, 2016) SACRAMENTO, Calif. — The board that oversees California's high-speed rail project is expected to approve a revised plan calling for a $64 billion approach that sends the train from the Central Valley to the San Jose area...
Gunmen rob CSX worker in Athens, Ga.
(Source: Athens Banner-Herald, April 27, 2016) ATHENS, Ga. — A pair of gunmen reportedly robbed a railroad employee Tuesday afternoon as he was working along train tracks in northern Athens-Clarke County. The victim said both gunmen has their faces concealed, and...
Wabtec earnings drop as freight rail sales fall
(Source: Pittsburgh Post-Gazette, April 26, 2016) PITTSBURGH, Pa. — Wabtec Corp. reported 2 percent drop in first-quarter earnings from one year ago, as sales to the freight railroad industry cooled off, company executives said this morning. Full story: Pittsburgh...
Rady Children’s Hospital nurses and med techs vote for Teamsters
(Source: International Brotherhood of Teamsters press release, April 26, 2016) SAN DIEGO — Today, the nurses and medical technicians, who are members of the United Nurses of Children's Hospital (UNOCH), overwhelming approved affiliating with the International...
Oil train spills threaten state budgets, N.Y. comptroller says
(Source: Albany Times Union, April 26, 2016) ALBANY, N.Y. — State Comptroller Tom DiNapoli has written to the head of the federal Department of Transportation urging officials to increase oil train safety measures. Full story: Albany Times Union
High-speed rail to Buffalo part of possible plan
(Source: Democrat & Chronicle, April 26, 2016) ROCHESTER, N.Y. — During a grand opening ceremony for Rochester Institute of Technology's Center for Urban Entrepreneurship, Rep. Louise Slaughter told the crowd that she's looking for federal funding to create a...
CN trestle destroyed in suspicious fire at Mayerthorpe, Alberta
(Source: CBC News, April 26, 2016) EDMONTON, Alberta — The fire that destroyed a CN Rail trestle bridge in the community of Mayerthorpe, about 120 kilometres northwest of Edmonton, may have been purposely set. Full story: CBC News
Tongue River Railroad application denied
(Source: Great Falls Tribune, April 26, 2016) GREAT FALLS, Mont. — A federal transportation panel has dismissed a proposed $400 million railroad that would have hauled coal from a mine near the Montana-Wyoming border. Full story: Great Falls Tribune
TPP report doesn’t show why deal is good for workers
(Source: International Brotherhood of Teamsters press release, April 26, 2016) WASHINGTON, D.C. — Support for the 12-nation Trans-Pacific Partnership (TPP) is in the tank. More and more elected officials across the political spectrum are raising doubts about the...
Minnesota Gov. Mark Dayton appoints state rail director
(Source: Minneapolis Star Tribune, April 26, 2016) MINNEAPOLIS, Minn. — Gov. Mark Dayton has appointed Alene Tchourumoff to serve as the state’s rail director, a role newly created to increase Minnesota’s oversight of the Bakken oil trains rumbling within a half-mile...
UK’s Stagecoach warns of terrorism’s ‘challenging’ effect on rail industry
(Source: The Telegraph, April 27, 2016) LONDON — Terrorism concerns, lower fuel prices and weaker consumer confidence have created a more "challenging" outlook for the UK rail industry, according to Stagecoach. Full story: www.telegraph.co.uk
How widening of the Panama Canal could impact Union Pacific
(Source: Market Realist, April 27, 2016) NEW YORK — With the widening of the Panama Canal slated to begin soon, container lines are teaming up to enhance capacities. This may reduce volumes at West Coast ports and increase conversions to East Coast ports. But it also...
CN warns Ottawa, no new or extended regulations on railways
(Source: Canadian Press, April 26, 2016) MONTREAL — Canadian National Railway is calling on Ottawa to refrain from imposing or extending service regulations on the country's railways that it fears will stifle innovation and discourage investment. Chief executive...
CSX CFO predicts 1 person crews in 5-10 years
(Source: Institutional Investor, April 26, 2016) NEW YORK — From Montreal to Fort Worth, Texas, railroad executives are keeping their eyes on head count. “Labor is our largest cost,” CSX CFO Frank Lonegro says. “In five to ten years, we’ll move to less labor...
A private proposal to solve Chicago’s freight rail bottleneck
(Source: Forbes, April 25, 2016) CHICAGO — As the Midwest’s most important economic hub, Chicago is naturally the focal point for much rail traffic. Both Amtrak and Metra, a regional rail transit authority, run through the city, as do six of the nation’s seven largest...
CN marks 20 years since privatization at 2016 meeting of shareholders
(Source: CN press release, April 26, 2016) MONTREAL — Claude Mongeau, president and chief executive officer of CN, said today the company has made huge strides since its 1995 initial public share offering (IPO), transforming itself into a North American railway and...
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