Rail Industry News
CN donates $5 million to help house Syrian refugees
(Source: Ottawa Community News, December 11, 2015) OTTAWA — Canada has a heart, Ottawa South MPP John Fraser said, reacting to CN Rail’s $5-million pledge to help house Syrian refugees when they resettle across Canada. Full story: Ottawa Community News
Union Pacific Director sells $160,000 in stock
(Source: Dakota Financial News, December 15, 2015) NEW YORK — Union Pacific Director Michael W. McConnell sold 2,070 shares of the firm’s stock in a transaction on Wednesday, December 9. The shares were sold at an average price of $77.51, for a total value of...
Amtrak’s national ridership dips slightly to 30.8 million
(Source: The Hill, December 15, 2015) WASHINGTON, D.C. — Amtrak ridership dipped slightly in 2015 as delays backed up service on its popular Northeast Corridor route, according to figures released recently by the company. Amtrak said Monday that it carried 30.8...
Metro-North details results of track work initiative
(Source: Railway Track & Structures, December 15, 2015) NEW YORK — Metropolitan Transportation Authority's (MTA) Metro-North Railroad has detailed its latest results of a systemwide track reconstruction effort that has rebuilt miles of the railroad in the past two and...
MBTA expected to fire operator of driverless Red Line train
(Source: Associated Press, December 15, 2015) BOSTON — Massachusetts transit investigators looking into a runaway train are recommending that the operator be fired. Full story: www.masslive.com
CP-NS merger would face a just-reformed STB
(Source: Material Handling & Logistics, December 15, 2015) CLEVELAND — If a stalled attempted acquisition of Norfolk Southern by the owner of Canadian Pacific eventually proceeds, it would run smack into a Surface Transportation Board (STB) freshly reformed by...
In a letter to the STB, Senator Durbin and Illinois legislators express concerns over potential CP-NS merger
(Source: Railway Age, December 14, 2015) NEW YORK — In response to the proposed merger between Canadian Pacific Railway (CP) and Norfolk Southern Corporation (NS), U.S. Senator Dick Durbin (D-Ill.) on Dec. 14, 2015 sent a letter signed by Democratic members of the...
Proxy fight looms in CP’s quest for NS
(Source: Dow Jones Newswires, December 14, 2015) WASHINGTON, D.C. — Norfolk Southern Co. on Monday officially rejected Canadian Pacific Railway Ltd.'s latest $30 billion bid to merge the two railroads, bringing the rivals a step closer to a potential proxy fight. Full...
CP Rail says NS wrong about merger
(Source: Associated Press, December 15, 2015) OMAHA, Neb. — Canadian Pacific said Tuesday that getting regulatory approval for its proposed multi-billion-dollar purchase of Norfolk Southern shouldn't be a problem. Norfolk Southern has rejected two cash-and-stock...
CP to NS: 4,926 words and 37 footnotes
(Source: Railway Age, December 15, 2015) NEW YORK — December 7, 2015: A day that will live in infamy for anyone attempting to follow the volley of legalese and rhetoric being tossed about by Canadian Pacific and Norfolk Southern as CP attempts to marry up with NS in...
Norfolk Southern comments on CP Rail’s white paper
(Source: Norfolk Southern press release, December 15, 2015) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today commented on Canadian Pacific's response to the white paper prepared by former Surface Transportation Board ("STB") commissioners Francis Mulvey...
CP Rail responds to NS white paper with its own white paper
(Source: Canadian Pacific Railway press release, December 15, 2015) CALGARY, Alberta — Canadian Pacific today responded to Norfolk Southern's December 7, 2015 white paper. The full text of CP's white paper is below. Full story: CP Rail press release
BLET member wins award for promoting rail safety education
(Source: Shreveport Times, December 15, 2015. Brother Stephen W. Prator Jr. is Legislative Representative of BLET Division 599 in Shreveport, La.) SHREVEPORT, La. — Stephen Prator Jr. received the Friends of Safety Town Award from Caddo Parish Sheriff’s Office for...
Confidential report says Metrolink train cars involved in fatality of BLET member had flawed parts
(Source: Los Angeles Times, December 16, 2015) LOS ANGELES — The new Metrolink passenger cars that derailed in a crash near Oxnard earlier this year were equipped with flawed parts that were supposed to help keep trains on the track in an accident, according to a...
Experts find no evidence of Nazi gold train, but hunt goes on
(Source: NBC News, December 15, 2015) NEW YORK — Treasure hunters searching for a buried Nazi-era train laden with gold said Tuesday they had found signs of a tunnel — but experts working alongside them said they could find no evidence of any train inside. Full story:...
Teamsters: Seattle drivers win a voice with historic City Council vote
(Source: International Brotherhood of Teamsters press release, December 14, 2015) SEATTLE — Drivers in Seattle’s for-hire industry won the right to collectively bargain over their wages and working conditions through an initiative passed by the City Council today. The...
Metro-North hires new safety chief
(Source: The Journal News, December 14, 2015) NEW YORK — Metro-North Railroad is bringing a former Boston and Chicago transit executive on board to lead its safety efforts. Full story: www.lohud.com
In Philly, 30th Street Station part of proposal to transform neighborhood
(Source: Philadelphia Inquirer, December 15, 2015) PHILADELPHIA — The massive rail yard at 30th Street Station would be partially capped under an evolving proposal to transform the area into a vibrant new neighborhood linking Center City with West Philadelphia. Full...
Mass. Governor recognizes MBTA transit workers for halting runaway Red Line train
(Source: Associated Press, December 14, 2015) BOSTON — Two transit employees whose quick action is credited with bringing a driverless Red Line train to a safe stop were honored Monday at a Statehouse ceremony. Gov. Charlie Baker presented citations to Mark McNeill...
Feds call Connecticut crucial to any Northeast Corridor plan
(Source: Hartford Courant, December 14, 2015) NEW HAVEN, Conn. — Connecticut plays a crucial role in any design for modernizing Amtrak's heavily used Northeast Corridor, according to maps presented by federal regulators on Monday evening. Full story: Hartford...
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