Rail Industry News
Grupo Mexico eyes rail unit IPO as soon as market allows
(Source: Reuters, April 29, 2015) NEW YORK — Mexican mining, transport and infrastructure company Grupo Mexico said on Wednesday it plans to launch the initial public offering (IPO) of its ITM rail unit as soon as market conditions allow. Full story: Reuters
Metro-North ridership reaches record 84.7 million
(Source: The Journal News, April 27, 2015) NEW YORK — About 84.7 million passengers rode Metro-North in 2014, solidifying its position as the country’s second busiest passenger rail carrier in the country, second only to Long Island Rail Road, which had about 86...
Striking L.A. port truck drivers take picket line to rail yard
(Source: Reuters, April 29, 2015) LOS ANGELES — Striking port truckers seeking recognition as employees rather than as independent contractors for their companies picketed a rail yard on Wednesday as they called again on the mayors of Los Angeles and Long Beach to...
PTC: Los Angeles sets the track for safest, smartest train
(Source: Governing.com, April 30, 2015) WASHINGTON, D.C. — Long after most of its customers have gone home, Metrolink, the Los Angeles area’s commuter rail line, sends one of its passenger trains out into the night on a lonely mission. The train is mostly empty, save...
Proposed budget cuts in Illinois could reduce Springfield Amtrak service
(Source: State Journal-Register, April 29, 2015) SPRINGFIELD, Ill. — Springfield could see a decline in Amtrak passenger rail service if Gov. Bruce Rauner's proposed budget cuts are approved, according to an interest group representing rail and mass transit. Illinois...
Senator Durbin: Passenger rail is more critical than ever
(Source: Press release from the office of U.S. Senator Dick Durbin (D-IL), April 29, 2015) WASHINGTON, D.C. — U.S. Senator Dick Durbin (D-IL) today urged members of the Senate Committee on Commerce, Science and Transportation to include several Illinois priorities in...
Durbin slams GOP plan for Amtrak
(Source: The Hill, April 29, 2015) WASHINGTON, D.C. — Senate Minority Whip Dick Durbin (D-Ill.) sharply criticized a House Republican plan to separate Amtrak’s popular rail service in the northeastern U.S. from money-losing routes in the rest of the country on...
One year after Lynchburg derailment, Bakken surge still fueling concerns
(Source: News & Advance, April 30, 2015) MOUNT CARBON, W.Va. — Derailments and subsequent tanker explosions are part of a growing trend of oil-by-rail accidents raising alarms across North America. The debate — focused on improving rail cars, maintaining track and...
Virginia official: CSX found track defect one day before 2014 Lynchburg oil train derailment
(Source: News & Advance, April 30, 2015) LYNCHBURG, Va. — CSX was planning to replace a section of its Lynchburg track after a high-tech inspection discovered a defect one day before the downtown derailment, according to a state official. Full story: News & Advance
Canada, U.S. transport officials to discuss rail safety regulations
(Source: Globe and Mail, April 29, 2015) TORONTO — Canada's Transport Minister Lisa Raitt is expected to travel to Washington on Friday to address plans for aligning rail safety regulations with the U.S. Secretary of Transportation, part of a wider push in both...
BNSF to reduce hiring, impose furloughs
(Source: Omaha World-Herald, April 29, 2015) OMAHA, Neb. — BNSF Railway said Wednesday it plans to reduce hiring and to place an unspecified number of workers on furloughs. The Texas-based freight railroad, owned by Omaha’s Berkshire Hathaway, has seen freight-hauling...
Activist investor may be building a stake in CSX
(Source: Bloomberg, April 29, 2015) NEW YORK — Bullish options on railroad stocks including CSX Corp. have surged amid speculation that an activist investor is building a stake in one of the companies. Full story: Bloomberg
BNSF retakes market share from Union Pacific
(Source: Bloomberg, April 22, 2015) NEW YORK — BNSF Railway Co. won back market share for grain and agriculture commodities that it lost to Union Pacific Corp. in 2014 when the railroad owned by Warren Buffett struggled to keep up with customer demand. Full story:...
Norfolk Southern declares quarterly dividend
(Source: Norfolk Southern press release, April 28, 2015) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record on May 8. Since its inception in...
Strong wind blows NS train cars off bridge; Jefferson Parish official questions why train was on bridge in storm
(Source: New Orleans Advocate, April 28, 2015) NEW ORLEANS, La. — A top Jefferson Parish official questioned Tuesday whether a Union Pacific train should have been crossing the Huey P. Long Bridge during the worst of Monday’s severe weather, even as crews arrived to...
Canada’s Minister of Labor appoints arbitrator for bargaining dispute between CP Rail, TCRC
(Source: Employment and Social Development Canada press release, April 24, 2015) OTTAWA — On April 20, 2015, the Honourable Dr. K. Kellie Leitch, Minister of Labour and Minister of Status of Women, appointed the Honourable George W. Adams as the mediator/arbitrator...
Hoffa statement on repealing health benefits tax
(Source: International Brotherhood of Teamsters press release, April 28, 2015) WASHINGTON, D.C. — The following is the official statement of Teamsters General President Jim Hoffa in response to the introduction today of the “Middle Class Health Benefits Tax Repeal...
Aventine ships first BNSF unit-train of ethanol from Aurora
(Source: Biofuels Digest, April 23, 2015) CHICAGO — In Illinois, Aventine Renewable Energy announced its first BNSF unit-train shipment of ethanol produced at its two ethanol facilities in Aurora, Nebraska. On April 19 Aventine’s first unit train pulled out of Aurora...
Freight train collides near Roswell, one dead
(Source: Albuquerque Journal, April 28, 2015) ALBUQUERQUE, N.M. — Two freight trains collided head-on just after 6 a.m. Tuesday about 10 miles southeast of Roswell, killing one person, injuring another and derailing locomotives and freight cars. Crew member Jesse T....
Hoffa: Latest trade push is a War on Workers
(Source: Huffington Post column by Teamsters General President James P. Hoffa, April 28, 2015) NEW YORK — Manufacturing jobs have been the backbone of the American workforce. During the heyday of U.S. middle-class growth in the mid-20th century, millions toiled at...
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