Rail Industry News
CSX to release 4Q 2015 results on Tuesday
(Source: CSX press release, December 16, 2015) JACKSONVILLE, Fla. — CSX Corporation will release fourth-quarter financial and operating results on Tuesday, January 12, 2016, after the market close. The company will host an earnings conference call from 8:30 a.m. to...
Grain shippers mixed on 2015 rail service
(Source: Agriculture.com, January 7, 2016) DES MOINES, Iowa — Agricultural shippers anonymously gave mixed reviews about the rail service they experienced in 2015, but they were certain on a few things. To start, they chose Union Pacific Railroad as the overall top...
CP Rail ‘applauds’ court ruling in Lac-Megantic case
(Source: Canadian Press, January 6, 2016) MONTREAL — Canadian Pacific Railway has welcomed a court ruling limiting its liability from lawsuits triggered by the transporting of dangerous goods, which could help the company in legal action related to the deadly...
DEA paid Amtrak employees nearly $1 million as informants
(Source: USA Today, January 7, 2016) WASHINGTON, D.C. — The Drug Enforcement Administration paid an Amtrak employee more than $850,000 during the past 20 years to serve as a confidential informant for the agency only to receive information that was always available to...
GAO study targets Amtrak improvements
(Source: Railway Age, January 7, 2016) NEW YORK — A U.S. Government Accountability Office (GAO) study released Jan. 6, 2016, “Amtrak: Better Reporting, Planning, and Improved Financial Information Could Enhance Decision Making,” recommends that Amtrak take certain...
AAR reports rail traffic down in 2015
(Source: Association of American Railroads press release, January 6, 2015) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported weekly U.S. rail traffic, as well as volumes for December 2015 and all of 2015. Carload traffic in December totaled...
Amtrak’s Boardman: ‘We have a safe rail system’
(Source: Here & Now radio program at WBUR, January 7, 2016) BOSTON, Mass. — Amtrak president and CEO Joseph Boardman says safety on the passenger rail system has improved since last May’s train derailment outside of Philadelphia that killed eight people. In this...
China approves $5.3 billion in high-speed rail projects
(Source: Economic Times, January 6, 2016) BEIJING — China's top economic planner on Wednesday approved two high-speed railway projects with a total value of 34.6 billion yuan ($5.28 billion), a move to hasten infrastructure projects to boost economic growth. Full...
CN to report 4Q 2015 and full year operating results on Jan. 26, 2016
(Source: CN press release, January 6, 2016) MONTREAL — CN will issue its fourth-quarter and year-end 2015 financial and operating results on Jan. 26, 2016, at 4.01 p.m. Eastern Time (ET). CN's senior officers will review the results and the railway's outlook in a...
Shippers push feds to demand freight rail data
(Source: National Rural Electric Cooperative Association, January 5, 2016) WASHINGTON, D.C. — NRECA and other customers of freight railroads say federal regulators should step up their data collection from the nation’s rail carriers to get a better handle on potential...
Repair work continues on flood-damaged BNSF tracks in Missouri
(Source: www.emissourian.com, January 6, 2016) MOSELLE, Mo. — As 2015 came to a close late last week, historic floodwaters in the Moselle area receded and the drying out process got underway. That meant as 2016 began, repair work started on the Burlington Northern...
Alberta town may soon fulfill oil ambitions with planned rail loading facility
(Source: Globe and Mail, January 6, 2016) HARDISTY, Alberta — The small Alberta town that was planned to be the starting point for the Keystone XL pipeline could soon host one of Canada’s largest oil-by-rail loading facilities. Full story: Globe and Mail
Washington state biodiesel plant cancels plan to ship crude oil
(Source: Seattle Times, January 6, 2016) SEATTLE — The new owner of the mammoth Grays Harbor biodiesel plant has pulled the plug on the controversial idea of using the facility to ship U.S. crude oil unloaded from trains. Full story: Seattle Times
Gov. Cuomo unveils grand plan to rebuild N.Y. Penn Station
(Source: www.nj.com, January 6, 2016) NEW YORK — Penn Station may never be returned to the grand station originally built by the Pennsylvania Railroad and demolished in the 1960s, but New York Gov. Andrew Cuomo wants to give it a shot. Cuomo unveiled a sweeping plan...
New Hudson rail tunnel project would dwarf initial plan
(Source: Bergen Record, January 7, 2016) BERGEN COUNTY, N.J. — Like its predecessor, Gateway plans to deliver rail tunnels that would double the train capacity into New York City. And Gateway, like the canceled Access to the Region’s Core project, also envisions a new...
Court limits CP Rail’s liability in transporting dangerous goods
(Source: Canadian Press, January 6, 2016) MONTREAL — Canadian Pacific Railway Ltd. has welcomed a court ruling limiting its liability from lawsuits triggered by the transporting of dangerous goods, which could help the company in legal action related to the deadly...
House Democrats urge rejection of CP bid for NS
(Source: Reuters, January 6, 2016) WASHINGTON, D.C. — Two senior Democrats in the U.S. House of Representatives urged federal regulators on Wednesday to reject any acquisition of railroad operator Norfolk Southern Corp by Canadian Pacific Railway. Full story:...
N.J. Transit rail reliability crumbling after capital-fund raids
(Source: Bloomberg, January 6, 2016) TRENTON, N.J. — New Jersey Transit trains are breaking down more often as Chris Christie continues a tradition of governors diverting money for capital improvements to cover operating costs. Full story: Chicago Tribune
Editorial: Delay in installation of PTC leaves railroads vulnerable to accidents
(Source: Editorial in the Buffalo News, January 7, 2016) BUFFALO, N.Y. — An agreement by Congress to give railroads more time to install what most agree is a much-needed speed control system is a mistake that could prove disastrous. Full story: Buffalo News
Analysts predict U.S. rail stocks will rise 20% this year even as cargo stays weak
(Source: Bloomberg, January 6, 2016) NEW YORK — U.S. railroad cargo in 2015 dropped the most in six years, and 2016 isn’t expected to be any better. Yet the carriers’ shares are poised for a rebound from their worst performance in at least 25 years. Union Pacific...
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