Rail Industry News
VIP train will roll in February as officials study return of Amtrak service to Gulf Coast
(Source: NorthEscambia.com, January 14, 2016) CANTONMENT, Fla. — The return of passenger rail service to the Gulf Coast is taking one more major step toward reality with a special train set to roll through the area in February. Amtrak’s Sunset Limited passenger train,...
KCS to invest $15 million to improve rail line through Louisiana
(Source: Kansas City Southern press release, January 11, 2016) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that its principal U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), will invest approximately $15 million in 2016 on rail and...
Teamsters, West Virginia workers stand strong against ‘right to work’
(Source: International Brotherhood of Teamsters press release, January 13, 2016) CHARLESTON, W.Va. — Teamsters General Secretary-Treasurer Ken Hall joined hundreds of labor union and community members at the State Capitol today to voice their opposition to...
Editorial: Penn Station is a crucial project, which benefits New Jersey
(Source: Editorial in the Newark Star-Ledger, January 12, 2016) NEWARK, N.J. — With gratitude and appreciation, we welcome the plan to rebuild Penn Station and turn Manhattan's West Side into a hospitable environment once again, and we applaud Gov. Andrew Cuomo's...
STB throws monkey wrench into possible CP-NS merger while opposition grows
(Source: Material Handling & Logistics, January 12, 2016) CLEVELAND, Ohio — The Surface Transportation Board has made it clear that approval of one of the key elements of Canadian Pacific’s plan for acquiring rival railroad Norfolk Southern will not go as smoothly as...
Status quo is not an option for North American rail industry, CP Rail argues in white paper
(Source: CP Rail press release, January 12, 2016) CALGARY, Alberta — Canadian Pacific today released a white paper stating that a change in the railroad industry status quo is necessary to support continued growth in the North American economy. The full text of the...
CSX targets $2.4 billion in capital expenditures during 2016
(Source: Railway Track & Structures, January 13, 2016) NEW YORK — CSX is aiming for a $2.4 billion capital expenditure program in 2016, which reflects a $1 million reduction over 2015 numbers. Full story: Railway Track & Structures
CSX announces 4Q and full-year 2015 earnings results
(Source: CSX press release, January 12, 2016) JACKSONVILLE, Fla. — On January 12, CSX Corporation announced fourth quarter net earnings of $466 million, a 5 percent decline from $491 million in the same period of 2014, or $0.48 per share, down 2 percent from $0.49 in...
CP Rail reiterates its argument for rail merger in another white paper
(Source: Associated Press, January 12, 2016) OMAHA, Neb. — Canadian Pacific is reiterating its argument for acquiring Norfolk Southern in a report released Tuesday. Full story: www.kentucky.com
Norfolk Southern to combine Virginia and Pocahontas divisions
(Source: Norfolk Southern press release, January 12, 2016) NORFOLK, Va. — Norfolk Southern Corporation is consolidating its Virginia and Pocahontas divisions to form the new Pocahontas Division, with headquarters in Roanoke, Va., effective Feb. 1. The consolidation is...
Rail mergers are counter productive, CSX CEO says
(Source: Associated Press, January 13, 2016) OMAHA, Neb. — The head of CSX said Wednesday he doesn’t think railroad mergers — like the one Canadian Pacific has proposed with Norfolk Southern — are a good idea. Full story: Florida Times-Union
CSX CEO: We’re in a ‘freight recession’
(Source: Bloomberg, January 13, 2016) NEW YORK — CSX Corp. fell to its lowest price in almost three years as demand for rail cargo is expected to drop this year in what Chief Executive Officer Mike Ward called a “freight recession.” Full story: Bloomberg
Travel: Ditch the car and make tracks for America
(Source: TNT Magazine (UK), January 12, 2016) LONDON — Some folk may get their kicks on Route 66, but I prefer to kickback with Amtrak. Many travellers equate seeing America with an epic road trip, but why not traverse this vast country by rail, as I did twice in one...
Twin Cities-Chicago high-speed rail plans get a funding boost
(Source: Minnesota Public Radio news, January 11, 2016) MINNEAPOLIS, Minn. — A group of private and public funders in Minnesota and Wisconsin have committed $660,000 to further high-speed rail service between the Twin Cities and Chicago. Full story: www.mprnews.org
Amtrak’s Downeaster chugs into 2016 with better performance
(Source: Portland Press Herald, February 11, 2016) PORTLAND, Maine — Amtrak’s Downeaster service has rebounded from its dismal performance last year and plans to add more train trips to Freeport and Brunswick later this year before the fall foliage season begins. Also...
MBTA eyeing early retirement incentives to cut costs
(Source: Boston Herald, January 11, 2016) BOSTON — The MBTA is preparing to offer a retirement incentive program to as many as 1,000 eligible employees -- or roughly 15 percent of its entire workforce -- as part of its plan to close a looming $242 million budget for...
California high-speed rail board considers contract for third San Joaquin Valley segment
(Source: Fresno Bee, January 11, 2016) FRESNO, Calif. — The third of three construction contracts for designing and building a high-speed rail line through the San Joaquin Valley could be awarded Tuesday by the California High-Speed Rail Authority. Full story: Fresno...
Trial for oil train activists gets underway; may have national implications
(Source: Television station KIRO, January 11, 2015) LYNNWOOD, Wash. — A standing-room-only crowd filled the courtroom, an unusual sight where misdemeanor trials are held. But the Snohomish County deputy prosecutor's opening statement gave a sense of why this case has...
BNSF employee to sit with first lady during State of the Union address
(Source: Fort Worth Star-Telegram, January 11, 2015) FORT WORTH, Texas — U.S. Army veteran and BNSF employee Oscar Vazquez, who came to the United States as an undocumented Mexican immigrant, will sit in Michelle Obama’s viewing box Tuesday when her husband delivers...
Hacker attacks could derail train cyber security, researchers say
(Source: Security Intelligence, January 12, 2016) ARMONK, N.Y. — The supervisory control and data acquisition network (SCADA) systems used by many rail companies are vulnerable to hacker attacks, paving the way for a kind of cyber train robbery. But are cybercriminals...
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