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JPMorgan fund bets on U.S. rail companies, follows Buffett
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JPMorgan fund bets on U.S. rail companies, follows Buffett (Bloomberg News circulated the following story by Chris Cooper on April 7, 2010.) NEW YORK JPMorgan Chase & Co.s railway fund is betting on U.S. freight companies such as Union Pacific Corp., CSX Corp. and Norfolk Southern Corp., foll...
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Amtrak PTC gets a leg up!
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PTC News Amtrak Positive Train Control on fast track Amtrak is moving ahead aggressively to expand and build out its existing and proven train collision prevention safety technology-commonly known as Positive Train Control-to cover all of the tracks it owns along the Northeast Corridor and on it...
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Metrolink gets new CEO
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Metrolink gets new CEOLOS ANGELES - A longtime transportation and business executive was named today as the new chief executive officer of Metrolink, the Daily News reports. John E. Fenton will join the agency April 16, taking over for David R. Solow, who stepped down in December. Fenton's hiring w...
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Person Fatally Struck By Train Outside Philly
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Person Fatally Struck By Train Outside PhillyGLENOLDEN, Pa. (AP) Authorities say a person was fatally struck by an Amtrak train south of Philadelphia. Amtrak spokeswoman Tracy Connell said early Saturday that the train traveling from Washington, D.C., to New York hit the victim just before midn...
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Caltrain broke; service cuts loom
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Caltrain broke; service cuts loomCaltrain has gone broke and will likely need to wipe out half its service including weekend, nighttime and midday trains officials warned, bracing passengers for a major shake-up to the popular commuter line that links San Francisco to the South Bay, reports the S...
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30 years since end of Rock Island Line
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30 years since end of Rock Island LineApril 1 marks the 30th anniversary of the end of Rock Island Railroad operations in Trenton, Mo., the Republican Times reports. The Rock Island was an interegal part of the history of Trenton, Grundy County and the surrounding area and the affects its closing had...
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Rails want others to pay PTC costs
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Rails want others to pay PTC costsConflict is swirling around the crash-avoidance technology known as positive train control, reports the Journal of Commerce. Ordered up by Congress after a deadly 2008 California commuter train collision with a freight train, PTC will outfit even many remote tr...
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UTU helping lead transit funding fight
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UTU helping lead transit funding fightNew York Democratic Congressman Jerry Nadler is emerging as the engine powering an increase in transit funding. The UTU is working closely with Nadler and others in Congress who recognize how essential public transit is to America's working families. Nadl...
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Obama to fill two NLRB seats
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Obama to fill two NLRB seatsPresident Obama announced March 27 his intent to make 15 recess appointments including two to the National Labor Relations Board, reports The New York Times. The Constitution permits the president unilaterally to make appointments when the Senate is not in session. Be...
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Amtrak contract to operate Metrolink trains begins in June
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Amtrak contract to operate Metrolink trains begins in June (The following story by Brian Watt appeared on the Southern California Public Radio website on March 27, 2010.) LOS ANGELES Amtrak will operate Metrolink trains starting in late June. The national passenger rail company and the Southlan...
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UTU member awarded $33M for accident
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UTU member awarded $33M for accidentA Rock Island County, Iowa, jury awarded a former Iowa Interstate Railroad train conductor $33 million in damages Thursday (March 25) for an accident in April 2007 that resulted in the amputation of both of his legs, the Quad City Times reports. Andrew Schulte su...
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Alaska Railroad interim CEO
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Alaska Railroad interim CEOANCHORAGE, Alaska -- The Alaska Railroad's interim chief executive will be Bill O'Leary, reports the Anchorage Daily News. O'Leary is the railroad's chief financial officer. He will replace current president and chief executive Pat Gamble, who is leaving the railro...
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N.D. train derailment victim identified
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N.D. train derailment victim identifiedWASHBURN, N.D. The man killed in a train derailment south of Washburn has been identified as a Mandan resident, the Grand Forks Herald reports. Dakota, Missouri Valley & Western Railroad vice president Jeff Wood said employees are having a hard time de...
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FRA simulator may predict crew behavior
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FRA simulator may predict crew behaviorFRA researchers will be using an advanced train simulator to help identify safety problems and effective solutions. The new $1.6 million Cab Technology Integration Laboratory (CTIL) the train simulator -- will be housed at DOTs Volpe National Transport...
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Freight traffic news from "Railway Age"
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CN reaffirms strong profit forecast Canadian National said earlier this year that it was expecting double-digit in earnings-per-share growth in 2010, and Chief Financial Officer Luc Jobin told a National Bank Financial conference Wednesday that "so far the numbers are supporting that vi...
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Carloads up the past week!
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U.S. carload gains continue for fourth straight week For the fourth consecutive week, the latest week ended March20, freight traffic on U.S. railroads was up compared with the same period a year ago according to the Association of American Railroads. U.S. railroads originated 287,639 carloads d...
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Amtrak: Time to retire the '77 El Caminos
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Amtrak: Time to retire the '77 El CaminosAmtrak, the U.S. long-distance passenger railroad, asked Congress for $446 million to begin replacing locomotives and passenger cars as President Barack Obama increases transportation spending on rail, reports Bloomberg news. Amtrak President Josep...
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Just like the real thing!
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And the perfect audience ta test it out? Foamers! Yep! Uke would like a ride tu, but he'd be disappointed... Riding alone? No thanks! Let the foamers go in twos, and threes...and don't forget the Yoo-Hoo! FRA debuts high-tech locomotive simulator The Federal Railroad Administration's new Cab Tech...
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Amtrak creates high-speed department
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Amtrak creates high-speed department(Amtrak President Joe Boardman issued the following message to Amtrak employees this week.) "Dear Co-workers: "To support our corporate growth strategy and our goal of remaining the premier operator of high-speed passenger service in the Unit...
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Disability-claims inquiry concluding for LIRR
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Disability-claims inquiry concluding for LIRR (The following story by David M. Halbfinger appeared on the New York Times website on March 23, 2010.) NEW YORK The Long Island Rail Road will hire an independent examiner to review its safeguards against abuse of the railroads disability pension sys...
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High-speed rail stimulus questioned
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High-speed rail stimulus questionedTAMPA, Fla. -- The drive from Orlando to Tampa takes only 90 minutes or so. Despite the short distance, the Obama administration awarded Florida $1.25 billion in stimulus money to link the cities with a fast train to help kick off its efforts to bring high-speed r...
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Wash state proposes 5 rail projects
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Wash state proposes 5 rail projectsOLYMPIA, Wash. -- Washington state's Transportation Department says it could learn this week whether the federal government has given the go-ahead for five passenger rail projects worth more than $311 million, the Associated Press reports. Transportation S...
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Options bleak to shore up N.J. transportation fund
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Options bleak to shore up N.J. transportation fund (The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on March 22, 2010.) PHILADELPHIA As New Jersey looks for ways to pay for highways and transit after the state's Transportation Trust Fund runs dry, it can expect t...
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AAR: Rails register more carload gains
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AAR: Rails register more carload gainsU.S. railroads continued to post traffic gains in 2010's 10th week, which ended March 13, Progressive Railroading reported. The railroads originated 287,837 carloads, up 3.2 percent, and 203,626 intermodal loads, up 15.1 percent compared with totals fro...
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Railroads said poised for a rebound
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Railroads said poised for a reboundPITTSBURGH - A year ago, the symbol of the state of the rail freight industry was the lines of empty cars parked along tracks across the country including at the Conway Yards because they had nothing to haul, the Beaver County Times reports. Those cars are starting t...
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