Rail Industry News
Norfolk Southern 3Q earnings plunge on lower demand for electricity, retail and other goods
(The Associated Press circulated the following story by Samantha Bomkamp on October 27, 2009.) NEW YORK — Norfolk Southern Corp., one of the country's biggest railroad operators, said Tuesday its third-quarter earnings plunged 41 percent as shipments sank for...
Norfolk Southern reports third-quarter 2009 results
(Norfolk Southern issued the following on October 27, 2009.) NORFOLK, Va. — For the third quarter of 2009, Norfolk Southern Corporation (NYSE: NSC) reported net income of $303 million, or $0.81 per diluted share, compared with $520 million, or $1.37 per diluted share,...
RRB: Medicare Part B Premiums for 2010
(The Railroad Retirement Board issued the following on October 27, 2009.) CHICAGO — The Centers for Medicare & Medicaid Services has announced that the standard monthly Part B premium will be $110.50 in 2010. However, most Medicare beneficiaries will not see an...
2009 Railroad Retirement Board Informational Conferences
CHICAGO — The U.S. Railroad Retirement Board holds free information conferences for railroaders. Conference registration begins at 8 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. The U.S. Railroad Retirement Board holds free...
Railroad Retirement and survivor benefits
(The U.S. Railroad Retirement Board issued the following on October 7, 2009.) CHICAGO — Monthly benefits may be payable under the Railroad Retirement Act to the surviving widow(er), children, and certain other dependents of a railroad employee if the employee was...
No Railroad Retirement benefit increase in 2010; Most retiree earnings limits remain at 2009 levels
(The Railroad Retirement Board issued the following on October 16, 2009.) CHICAGO — Railroad retirement annuities, like social security benefits, will not increase in January 2010 as there was no increase in the Consumer Price Index (CPI) from the third quarter of...
Shades of 1950: Phillies arrive in New York by train for World Series
(The following story by David Waldstein appeared on the New York Times website on October 27, 2009.) NEW YORK — Evoking a bygone era when rail travel was the main mode of transportation in baseball, the Philadelphia Phillies rolled into Penn Station on a chartered...
Editorial: Amtrak service through Bismarck-Mandan is wishful thinking
(The following editorial appeared on the Bismarck Tribune website on October 27, 2009.) BISMARCK, N.D. — Having passenger service for Bismarck-Mandan -- connecting to Dickinson, Glendive, Billings and Seattle to the west and Fargo, Minneapolis and Chicago to the east...
STB: NS is only “revenue adequate” Class I
(The following story by Leo King appeared on the Jacksonville Business Examiner website on October 26, 2009.) JACKSONVILLE, Fla. — Only Norfolk Southern is “revenue adequate,” the Surface Transportation Board reported today. In a press release the STB stated,...
Union Pacific freight derails west of Elko
(The following appeared on the Reno Gazette-Journal website on October 27, 2009.) RENO, Nevada — Humboldt County officials are investigating the Monday morning derailment of a 9,000-foot Union Pacific freight train about 100 miles west of Elko. No injuries or...
Detroit-Chicago Amtrak train will stop in New Buffalo
(The following story by Ellen Creager appeared on the Detroit Free Press website on October 27, 2009.) DETROIT — New Buffalo in western Michigan has a new waterfront train station and new connections with Amtrak. Starting today, the Wolverine 355 and 354 trains...
Amtrak stops Redding to Medford bus service
(The Associated Press circulated the following on October 26, 2009.) REDDING, Calif. — Amtrak California has canceled its bus route from Redding to Southern Oregon because of low ridership. The canceled route is part of Amtrak California's Thruway bus service, which...
Railroads companies shares mixed at the close of trading
(The Associated Press circulated the following on October 26, 2009.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern fell $.25 or .3 percent, to $78.87. CSX rose $.21 or .5 percent, to $43.53. Canadian National...
SEPTA, TWU officials meet for talks
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on October 27, 2009.) PHILADELPHIA — Negotiators for SEPTA and its largest union met yesterday in an Old City hotel to try to prevent a strike that could halt bus, subway and trolley...
Amtrak, Congress in stalemate over guns on trains
(The following story by Brian Montopoli appeared at CBSNews.com on October 26, 2009.) WASHINGTON, D.C. — Earlier this year, Mississippi Republican Sen. Roger Wicker attached an amendment to the Senate transportation bill mandating that Amtrak allow passengers to check...
Security checks set Friday at Maryland commuter train stations
(The following story by Michael Dresser appeared on the Baltimore Sun website on October 27, 2009.) BALTIMORE, Md. — The Maryland Transit Administration Police will launch a program of random security checks at MARC commuter train stations Friday, using bomb-sniffing...
CN’s Hunter Harrison nears final station
(The following story by Brent Jang appeared on the Globe and Mail website on October 27, 2009.) MONTREAL — In his 16th floor office in Montreal, Hunter Harrison is reminiscing about his birthplace of Memphis, where he grew up a kilometre down the road from Elvis...
Study: Amtrak loss comes to $32 per passenger
(The Associated Press circulated the following story by Kevin Freking on October 26, 2009.) WASHINGTON, D.C. — U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator's estimate, according to a...
STB expands Canadian National reporting
(The following story by John D. Boyd appeared on The Journal of Commerce website on October 26, 2009.) WASHINGTON, D.C. — Canadian National Railway will have to expand its monthly reporting to regulators about its newly acquired short line outside Chicago, as the...
Shippers group rejects railroad advisory panel ideas
(The following story by John D. Boyd appeared on The Journal of Commerce website on October 26, 2009.) WASHINGTON, D.C. — An activist rail shippers’ lobbying group pushed back hard against an industry proposal for Congress to make only limited change in laws governing...
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