Rail Industry News
UPS airline mechanics demand no healthcare cuts in new contract
(Source: International Brotherhood of Teamsters press release, April 25, 2016) LOUISVILLE, Ky. — UPS aircraft mechanics and other company workers affiliated with Teamsters Local 2727 are standing up to deeply concessionary contract proposals offered by the shipping...
Will auto improvement provide a boost to railroads?
(Source: Zacks Equity Research, April 25, 2016) NEW YORK — The railroad industry is no doubt faced with some near-term challenges, but the industry's long-term prospects remain favorable given the improving U.S. economy, increased investments in the industry,...
New MBTA ‘bullet train’ will get you from Worcester to Boston in less than an hour
(Source: www.masslive.com, April 26, 2016) BOSTON — Starting next month, riders will be able to get from Worcester to Boston in less than an hour thanks to the MBTAs new nonstop trains. The "bullet trains," announced last October, will begin running on May 23. Full...
Quality assurance workers at Anheuser-Busch join Teamsters
(Source: International Brotherhood of Teamsters press release, April 25, 2016) WASHINGTON, D.C. — Quality Assurance workers at the Anheuser-Busch facility in Baldwinsville, NY, recently ratified their first contract with Local 1149. Steve Richmond, principal officer...
Amtrak settling claims from deadly May 2015 derailment
(Source: Philadelphia Business Journal, April 26, 2016) PHILADELPHIA — In the year since Amtrak Train 188 careened off the tracks near Frankford Junction, killing eight people and injuring hundreds of others, the rail company has spent $4.5 million on medical care for...
Police helicopter signals train to stop, avoiding collision with stalled vehicle on tracks
(Source: CBS Los Angeles, April 24, 2016) RIVERSIDE, Calif. — A police helicopter crew is being credited with helping to stop a train from colliding with a car that got stuck on its tracks in Riverside. The Riverside Police Department says the chopper was working a...
CN reports 1Q 2016 net income of C$792 million
(Source: CN press release, April 25, 2016) MONTREAL — CN reported its financial and operating results for the first quarter ended March 31, 2016. First-quarter 2016 financial highlights • Net income increased 13 per cent to C$792 million, while diluted EPS increased...
UP museum exhibit showcases railroads and national parks
(Source: Omaha World-Herald, April 24, 2016) COUNCIL BLUFFS, Iowa — In celebration of this year’s 100th anniversary of the National Park Service, the Union Pacific Railroad Museum is now showing an exhibit, “All Set for the West,” showcasing the partnership between...
Rail Safety Week: CN encourages working together to save lives
(Source: CN press release, April 25, 2016) MONTREAL — CN today kicked off its annual railway safety awareness campaign encouraging communities and the public to work together to reduce trespassing on railway property and stressing the importance of safety at level...
Canada plans to extend grain-by-rail rules for CN, CP
(Source: Bloomberg, April 22, 2016) NEW YORK — Canada’s new government intends to extend for another year rules that force the country’s two major railway companies -- Canadian National Railway Co. and Canadian Pacific Railway Ltd. -- to move grain. Full story:...
Canada’s Transport Minister to outline rail safety upgrades
(Source: Globe and Mail, April 25, 2016) OTTAWA — Transport Minister Marc Garneau will meet with residents Tuesday in Lac Mégantic, where 47 people died nearly three years ago after tanker cars filled with crude derailed and exploded in the center of town. Full story:...
Bill Ackman’s Pershing Square dumps CP Rail stock
(Source: Insider Monkey, April 24, 2016) NEW YORK — Billionaire Bill Ackman‘s Pershing Square has cut its exposure to Canadian Pacific Railway, selling 4.10 million shares of Canadian Pacific at an average price of $148.25. Full story: Insider Monkey
500 pounds of fireworks stolen from CSX train recovered in Detroit
(Source: Detroit Free Press, April 23, 2016) DETROIT — A large shipment of commercial-grade fireworks stolen from a CSX train traveling between Chicago and Detroit was recovered today in a vacant field in southwest Detroit, authorities said. Full story: Detroit Free...
Norfolk Southern CEO ‘confident’ of achieving 2016 savings goal
(Source: Reuters, April 22, 2016) CHICAGO — The top executive of Norfolk Southern Corp said the railroad was on track to achieve its planned savings target of $200 million this year, and that the No. 4 U.S. railroad could further trim capital spending if freight...
CP job losses mount: Up to 1,400 positions could be gone by end of 2016
(Source: Calgary Herald, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Ltd. will eliminate more jobs in 2016 than originally announced, perhaps as many as 1,400. In January, CEO Hunter Harrison said the Calgary-based company would cut 1,000 positions...
UP, sheriff’s office team up to promote safety in Omaha
(Source: Omaha World-Herald, April 21, 2016. Editor’s note: Union Pacific locomotive engineer Ed Abboud is a member of BLET Division 183 in Omaha, Neb.) FREMONT, Neb. — As the Union Pacific locomotive rolled across the Downing Street crossing Wednesday afternoon...
Air horns stolen from locomotives in South Dakota
(Source: Daily Republic, April 21, 2016) MITCHELL, S.D. — Between the hours of 6 p.m. on April 11 and 8 a.m. on April 12, an unknown individual or individuals stole two air horns off of two railroad engines stopped west of 2300 W. Ash in Mitchell, S.D Full story:...
South Korea train derails, killing engineer and injuring 8
(Source: Reuters, April 22, 2016) NEW YORK — A South Korean passenger train derailed near the southern city of Yeosu on Friday, killing an engineer and injuring eight others, the railway operator said. The locomotive and four of the train's seven passenger cars...
What’s the real reason new NJ Transit boss walked away from job?
(Source: www.nj.com, April 22, 2016) NEWARK, N.J. — NJ Transit did not negotiate a compensation package with the man it tapped as its new executive director before hiring him, an unusual move that likely led to his withdrawal from the job when the sides could not come...
California high-speed rail officials tinker with $64 billion plan
(Source: Associated Press, April 21, 2016) SACRAMENTO, Calif. — The board that oversees California’s high-speed rail system put off a vote Thursday on a revised business plan to give state officials more time to assuage lawmakers and citizens upset by the recent...
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