President Signs Railroad Safety Improvement Act Into Law

October 16, 2008 Railfanning.org News Wire 0

WASHINGTON – The President has signed into law the Railroad Safety Improvement Act of 2008. National Transportation Safety Board Acting Chairman Mark V. Rosenker praised Congress and the President for passage of the bill, saying that it will help bring about safety improvements long sought by the Safety Board. The Rail Safety Improvement Act of 2008 and the Passenger Rail Investment and Improvement Act of 2008 will increase funding for Amtrak over the next five years, require new safety controls on trains that help reduce crashes, allow states to regulate solid waste processing facilities along rail lines and allocate funding

CSX Reports Record Third Quarter Earnings from Continuing Operations

October 14, 2008 Railfanning.org News Wire 0

JACKSONVILLE, Fla. — CSX Corp. reported third quarter 2008 earnings from continuing operations of $382 million, or 94 cents per share. This represents a 40 percent increase from the same period last year. In 2007, CSX reported third quarter earnings of $297 million from continuing operations, or 67 cents per share. “CSX delivered impressive financial results in a challenging economy,” said Michael J. Ward, chairman, president and CEO. “Our resilient business portfolio and disciplined operations continue to generate substantial earnings growth for shareholders.” Revenue increased 18 percent to nearly $3 billion, with nine of the company’s 10 market segments producing

CSX and City Year to Help Southwest Detroit Community Renovate Youth Baseball Facilities

October 10, 2008 Railfanning.org News Wire 0

DETROIT — More than 30 CSX employees and 10 City Year Corps members will join 60 local community members and officials tomorrow to restore and revitalize the baseball facilities at the St. Hedwig Playfield. Together, the volunteers, including members of the Southwest Detroit Business Association (SDBA) will invest about 800 hours of service in rebuilding the field use by the Detroit Bees, a baseball program serving children in Southwest Detroit. Plans for the day include rebuilding the infield, repairing the fence surrounding the field and covering the association’s building with athletic murals. Kathleen H. Wendler, President of the Southwest Detroit

Lowcountry Open Land Trust, Norfolk Southern, and Neighbors Protect Rural Lands

October 10, 2008 Railfanning.org News Wire 0

CHARLESTON, S.C. — More of South Carolina’s coastal plain near Charleston, containing some of the most important ecosystems in the U.S., will be protected permanently from development. The Lowcountry Open Land Trust (LOLT) said Thursday that it is protecting an additional 10 properties, totaling more than 2,500 acres, in the upper Edisto River Basin and Four Holes Swamp watershed. The properties include the donation to LOLT of a conservation easement on 154 acres from the Grooms- Hoover family of Berkeley County and the protection of 428 acres of mostly wetlands by restrictive covenants with the Army Corps of Engineers. These

CP Spirit Train Challenges Ontarians to Help Canadian Athletes Get to Podium in 2010

October 10, 2008 Railfanning.org News Wire 0

TORONTO — The Canadian Pacific (CP) Spirit Train is challenging Ontarians to show their enthusiasm and passion for Canadian athletes, helping them boost their current second place standing internationally to first by the time the 2010 Games arrive. “Truth is, our Canadian Olympic and Paralympic athletes are well on their way to success in 2010 and more Canadians need to recognize this,” says Paul Rosen, Sledge Hockey gold medalist and ambassador for the Canadian Pacific Spirit Train. Rosen is touring with the CP Spirit Train, sharing his inspiring story and 2010 gold medal hopes with thousands of Canadians. The Spirit

DM&E Railroad Sees Management Change

October 7, 2008 Railfanning.org News Wire 0

CALGARY — Richard Hamlin, Trustee for CP’s acquisition of the DM&E announced some changes to DM&E’s senior management team, which come shortly after CP said it is buying the regional railroad. Effective immediately, Kevin Schieffer, President and CEO, has left the company to pursue other opportunities. Ed Terbell, Chief Operating Officer, and Kurt Feaster, Chief Financial Officer, will manage the day to day operations of the railway while the DM&E remains in trust. “Messrs. Feaster and Terbell and the management team have been strong performers in managing the DM&E, and its subsidiaries: Iowa, Chicago & Eastern Railroad and Cedar American

Rosenker: Take Advantage of New Safety Technologies

October 7, 2008 Railfanning.org News Wire 0

WASHINGTON — National Transportation Safety Board Acting Chairman Mark V. Rosenker has told the rail transportation industry to take advantage of newly emerging technologies that can provide the biggest safety improvements in coming years. Speaking to the International Railroad Safety Conference in Denver, Colo., Rosenker acknowledged the improving safety trends in the railroad industry over recent decades; since 1980, employee fatalities are down 82 percent and grade crossing fatalities down 59 percent. But accidents continue to occur, and the nation is still shocked by the collision in Chatsworth, Calif., last month that killed 25 and injured more than 100. Although

Metro-North and NYSDOT Extend Ferries for Two Years

October 6, 2008 Railfanning.org News Wire 0

NEW YORK — MTA Metro-North Railroad and the New York State Department of Transportation have developed a funding plan to continue the operations of the Haverstraw-Ossining and Newburgh-Beacon Ferry Services for the next two years. As part of this funding plan, State Sens. Thomas P. Morahan and William J. Larkin Jr. have secured $658,000 and $600,000 respectively to ensure the continuation of two ferry runs that provide Rockland and Orange county residents with access to Metro-North’s Hudson Line train service. Additional state and federal funds also have been secured, that along with an estimated $300,000 in farebox revenues, will cover

CSX: We Lead Class One Railroads in Carbon Disclosure Project Scoring

October 3, 2008 Railfanning.org News Wire 0

JACKSONVILLE, Fla. — CSX Corp. said it achieved the best score among Class One freight railroads in the Carbon Disclosure Project’s (CDP) 2008 Report and third best in the overall Transports and Logistics category. CDP is a not-for-profit organization representing the interests of 385 mostly-institutional investors with more than $57 trillion in assets under management. CDP’s role is to, “act as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations, to the global market place.” CSX’s Climate Leadership Index score was compiled by aggregating its weighted answers

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