Rail Industry News
Railroads to fight oil train rules as another train derails and explodes
(Source: Albany Times Union, May 6, 2015) ALBANY, N.Y. — The Wall Street Journal reported this morning that the railroad industry plans to challenge new federal rules governing oil train safety that were released last Friday. Charles W. “Wick” Moorman, CEO of Norfolk...
Evacuated residents allowed home after oil train derailment in North Dakota
(Source: Associated Press, May 7, 2015) BISMARCK, N.D. — An oil train that burst into flames after derailing in North Dakota was extinguished early Thursday, and nearby residents who were evacuated from their homes were allowed to return. Crews were removing the...
Small North Dakota town of Heimdal evacuated after BNSF oil train derailment, fire
(Source: Reuters, May 6, 2015) HEIMDAL, N.D. — A BNSF train carrying crude oil owned by Hess Corp derailed and caught fire in North Dakota on Wednesday, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to...
D.C. group files another motion to halt CSX tunnel project
(Source: Washington Post, May 4, 2015) WASHINGTON, D.C. — The Committee of 100 on the Federal City is appealing a District Court decision that denied its request to block reconstruction of the Virginia Avenue tunnel in Southeast Washington. Full story: Washington...
CP Rail appoints CFO from outside the rail industry for second time in under 2 years
(Source: Financial Post, May 4, 2015) OTTAWA — For the second time in less than two years Canadian Pacific Railway Ltd. has appointed a chief financial officer from outside the rail industry. Full story: Financial Post
Video: Take a ride inside the aging Hudson River rail tunnels that would cost billions to replace
(Source: www.nj.com, May 4, 2015) NEWARK, N.J. — Most commuters never get to see this view of the 105-year old Hudson River rail tunnels from the windows of the trains they ride to and from Penn Station. Full story: www.nj.com
Opinion: Why can’t America have high-speed trains?
(Source: CNN opinion column by Michael Smart, May 4, 2015) WASHINGTON, D.C. — Imagine being able to travel from New York to Los Angeles without having to step on a plane, yet be able to do so in a fraction of the time it would take to drive. On the surface, that...
Editorial: Commitment to America’s passenger rail system is long overdue
(Source: Providence Journal editorial, May 5, 2015) PROVIDENCE, R.I. — We hope lawmakers can look beyond the inglorious recent history of American passenger rail and provide an overdue reappraisal of its importance. A sound passenger rail system is as important to the...
EPA cites California oil train terminal for violations
(Source: Reuters, May 4, 2015) SAN FRANCISCO — The U.S. Environmental Protection Agency (EPA) has cited Plains All American Pipeline LP's Bakersfield crude by rail terminal with a series of violations, according to a notice made public on Monday. Full story:...
New U.S. rail rules will slow shipping and reduce capacity, BNSF says
(Source: Globe and Mail, May 4, 2015) TORONTO and OTTAWA — New U.S. rules requiring railways to upgrade their brakes or run shorter, slower oil trains will reduce capacity on the rails and hinder shipments of other goods, BNSF Railway Co. says. Full story: Globe and...
Canadian oil trains shift to carry less-volatile crude
(Source: Reuters, May 5, 2015) NEW YORK — A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than 40...
Crude oil regulations sabotage Freedom of Information Act
(Source: Forbes, May 4, 2015) NEW YORK — New regulations from the U.S. Department of Transportation declare that details about crude oil rail shipments are exempt from public disclosure. This ends DOT’s existing regulations that required railroads to share with state...
Editorial: New oil train safety rules move way too slowly
(Source: Globe and Mail editorial, May 4, 2015) TORONTO — The slow progress of the regulations only benefits industry. Transport Canada and its U.S. counterpart should have demanded quicker change. Instead, they have told the rail industry that there is an acceptable...
New oil train rules criticized from many sides
(Source: New York Times, May 1, 2015) NEW YORK — Ending months of uncertainty and delays, federal regulators on Friday unveiled new rules for transporting crude oil by trains, saying the measures would improve rail safety and reduce the risks of a catastrophic event....
BNSF CEO Rose describes Berkshire Hathaway relationships as ‘happy marriage’
(Source: CNBC, May 2, 2015) NEW YORK — Rail giant BNSF Railway was Berkshire Hathaway's biggest purchase ever in 2010 at $34 billion, and is currently the largest entity in its portfolio to date. So is there a lot of pressure to perform when you're reporting to Warren...
Billionaire Warren Buffet celebrates half-century at Berkshire Hathaway
(Source: Sydney Morning Herald, May 4, 2015) Warren Buffett, the billionaire investor and philanthropist, has just celebrated a half-century as chief executive of his business at a time when others in the same position are lucky to reach double figures. Full story:...
Amtrak, CSX sue trucking company in March 9 grade crossing accident that injured 55
(Source: Associated Press, May 2, 2015) RALEIGH, N.C. — A lawsuit filed Friday by Amtrak and CSX alleges that a trucking company caused a March train derailment that injured 55 people by failing to take safety precautions or warn that the track was blocked. Full...
Latest ‘fix’ for California drought: Water by rail
(Source: CNBC, May 1, 2015) LOS ANGELES — As California's four-year drought worsens and water supplies dwindle in the state, an old technology — railroads — could play a role in alleviating some water shortages. Full story: CNBC
After railroad’s rough year, Berkshire and BNSF are spending big
(Source: Omaha World-Herald, May 2, 2015) OMAHA, Neb. — 2014 was a tough year for Executive Chairman Matt Rose and his BNSF Railway, a rough spot that didn’t fail to catch the attention of the boss. Full story: Omaha World-Herald
Last at-grade crossings on Amtrak’s Northeast Corridor are in SE Connecticut
(Source: The Day, May 4, 2015) NEW LONDON, Conn. — A recent Metro North accident in Valhalla, N.Y., and others across the country have focused national attention on the safety of at-grade rail crossings. A public debate has ensued, the Federal Railroad Administration...
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