CSX Corporation Chief Financial Officer Calls Strong Corporate Culture a Competitive Advantage

March 16, 2011 Railfanning.org News Wire 0

JACKSONVILLE, Fla. — CSX Corp.’s sustained culture of accountability and continuous improvement has been fundamental to its ability to create significant value over a wide array of economic conditions, including the recent recession, Oscar Munoz, executive vice president and chief financial officer, told participants at the “CFO Rising East: Creating a Sustainable Edge” conference.

CN: Disappointed in Court Decision on EJ&E Grade Separation Projects

March 15, 2011 Railfanning.org News Wire 0

CHICAGO — CN expressed disappointment with the decision of the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. denying the company’s request to reverse the Surface Transportation Board’s (STB) order requiring the railroad pay for the majority of the costs associated with two highway grade separation projects. In its Dec. 24, 2008 decision approving CN’s acquisition of the principal portion of the Elgin, Joliet and Eastern Railway Company (EJ&E), the STB ordered CN to pay 67 percent of the cost for a grade separation at Ogden Avenue in Aurora, Ill., and 78.5 percent of a separation at Lincoln Highway in Lynwood,

Amtrak Says Private Involvement in Passenger Rail is not a Silver Bullet that Ensures Success

March 12, 2011 Railfanning.org News Wire 0

WASHINGTON – Efforts to encourage increased private sector involvement and investment in intercity passenger rail service is a welcome development, but “private sector involvement is not the silver bullet that ensures success,” Amtrak Vice President for Policy and Development Stephen Gardner said in written testimony submitted to the House Transportation and Infrastructure Subcommittee on Railroads, Pipelines and Hazardous Materials.

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