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Rail Industry News

Union Pacific furloughing some train crew employees

(Source: Television station KOTA, June 19, 2015) OMAHA, Neb. — UP spokesman Mark Davis tells KOTA Territory News about 900 employees throughout the company will be furloughed or placed in alternative work status. Davis said the company is not releasing any figures...

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New report recommends railroad rate reform

(Source: Lincoln Journal Star, June 10, 2015) LINCOLN, Neb. — A new report recommends overhauling some of the regulations governing freight railroads and the rates they charge, especially for coal and grain, but the rail industry doesn't see a need for major changes....

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Norfolk Southern stock hit 52-week low on June 9

(Source: Zacks, June 10, 2015) NEW YORK — Shares of leading U.S. railroad company, Norfolk Southern Corporation fell to a 52-week low of $90.39 on June 9, 2015. However, the company’s shares ended a trifle higher at $90.44, declining nearly 10% over the past one...

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Three Iowa train derailments in less than 24 hours

(Source: Television station KWWL, June 9, 2015) WATERLOO, Iowa — Three trains derailed in Iowa in less than 24 hours this week. On Monday night, a Union Pacific train derailed in Sioux City. Then, on Tuesday, around 1 a.m., a train derailed in both Mason City and...

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