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Home2011May

Month: May 2011

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Norfolk Southern

Norfolk Southern Expands Its Storm Recovery Support to Include Virginia

May 11, 2011 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern said it is increasing its support of relief efforts in states hard hit by recent severe storms.

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Amtrak

Amtrak Awarded $450 Million to Upgrade New York-Washington High-Speed Rail Service

May 10, 2011 Railfanning.org News Wire
WASHINGTON – The U.S. Department of Transportation awarded Amtrak $450 million in funding to upgrade its rail infrastructure to support more frequent and faster high-speed rail service, and to improve reliability of current service between New York and Washington.

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Canadian National

CN Makes Investments to Increase Capacity

May 10, 2011 Railfanning.org News Wire
EDMONTON — CN announced major investments to double track key segments of its high-volume main line east of Edmonton, add capacity to its rail line to the oil sands region of northern Alberta, and improve velocity at its Walker Yard freight car classification facility in Edmonton.

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BNSF

BNSF Foundation Sends Donations to Assist Tornado Victims in the American South

May 6, 2011 Railfanning.org News Wire
FORT WORTH, Texas — The BNSF Foundation (BNSF) announced it has donated $100,000 to the American Red Cross for on-going relief efforts for the tens of thousands of people affected by the tornadoes that struck several Southern states on April 27.

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Canadian National

CN Secures New Four-Year $800-million Credit Facility

May 6, 2011 Railfanning.org News Wire
MONTREAL — CN has refinanced its revolving credit facility with a new four-year $800-million facility co-led by The Bank of Nova Scotia, J.P. Morgan Securities LLC, and BMO Capital Markets.

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Union Pacific

Union Pacific Announces Dividend Increase and Additional Growth Capital

May 5, 2011 Railfanning.org News Wire
OMAHA, Neb. — Union Pacific Corp. announced that its Board of Directors voted to increase the quarterly dividend on the company’s common shares by 25 percent to 47.5 cents per share.

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Amtrak

Amtrak Celebrates 40 Years of Serving America

May 4, 2011 Railfanning.org News Wire
WASHINGTON – Forty years ago, on May 1, 1971, Amtrak operated its first intercity passenger train.

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CSX

Spatafore Named Rail Industry’s Top Environmentalist

May 4, 2011 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Transportation commended Richard J. Spatafore, division engineer,Jacksonville, for receiving the 2010 Association of American Railroads’ John H. Chafee Environmental Excellence Award.

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CSX

CSX Announces Stock Split, Dividend Increase, Share Buyback

May 4, 2011 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Corp. announced that its Board of Directors has approved a 3-for-1 stock split, a 38 percent increase in the quarterly dividend on its common stock, and a $2 billion share buyback program.

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BNSF

NTSB Releases New Details on Fatal Iowa Wreck

May 3, 2011 Railfanning.org News Wire
WASHINGTON — The National Transportation Safety Board (NTSB) released the following preliminary information as part of its ongoing investigation into a rear end collision between two BNSF Railway trains.

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