Thursday, March 10, 2011

Exports to be biggest coal growth area for US railroads: AAR chiefPlattsUS coal bound for export is the most likely driver of coal shipment growth for freight railroads, the rail industry's top lobbyist said Wednesday. The rail industry wants to keep coal a big part of the energy mix in the US, frequently noting that ...

CSX Corporation Announces Slate of Directors for 2011 Annual MeetingPR Newswire (press release)JACKSONVILLE, Fla., March 9, 2011 /PRNewswire/ -- CSX Corporation today announced the names of the directors to be nominated for election at its 2011 Annual Meeting of Shareholders and said the size of the Board will be increased to 13 members. ...

$10 million at riskWilliamsport Sun-Gazette PA The projects would improve the safety and efficiency of the authority's five shortline railroads by paying for the construction of new tracks and the rehabilitation of old ones. The work is particularly necessary due to the increase in activity with ...

NH-Mass. railroad service may be back on trackNashua Telegraph“We have, with the help of Massachusetts, gained access to the trackage we need, against the strong opposition of Pan Am Railroad,” Burling said this week. “This is one of the truly amazing accomplishments of the last three years. ...

BNSF train derails near EssexKAJ18 Kalispell Montana NewsESSEX- A Burlington Northern Santa Fe freight train derailed Wednesday afternoon near Essex and several cars fell off the tracks, but no one was injured in the mishap. According to Cindy Mullaney with the Office of Emergency Services, the train cars ...

Petoskey railroad purchase is closePetoskey News-ReviewWith the corridor acquisition largely complete, city officials have begun considering funding sources to help with development of the linear park features. Staff are preparing an application to the Michigan Natural Resources Trust Fund for grant ...

Train museum facing derailment?El Dorado Hills Telegraph... doing a school project,” Anderson said. “Even some Folsom Lake College students come in to do some research.” He said when students take a tour they start at the Folsom History Museum, stop off at the turntable and then come by the railroad museum. ...

CSX Stock Hits New 52-Week High (CSX)TheStreet.com (blog)By TheStreet Wire 03/09/11 - 12:26 PM EST NEW YORK (TheStreet) -- CSX Corporation (NYSE:CSX) hit a new 52-week high Wednesday as it traded at $75.98 compared with its previous 52-Week high of $75.94. CSX is changing hands at $75.97 with 1.2 million ...

US Rails Plan $12 Billion in 2011 Capital SpendingThe Journal of Commerce OnlineIn the West, BNSF Railway has said it plans a capital budget of $3.5 billion this year, while Union Pacific Railroad is projecting $3.2 billion in plant and equipment spending. The two large Eastern carriers - CSX Transportation and Norfolk Southern ...

UP's PRB coal train loadings lagged in FebruaryProgressive Rail RoadingLast month, Union Pacific Railroad loaded 925 coal trains in the Southern Powder River Basin (SPRB) compared with 943 trains in February 2010. For the month, the Class I logged 147 missed SPRB loading opportunities, 61 of which were attributable to UP ...

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