Train Hits Vehicles in Egypt, Killing 24

November 19, 2013 Voice of America 0

Egyptian officials say a train has crashed into two vehicles south of Cairo, killing at least 24 people and wounding 28 others. The accident happened early Monday near Dhashur. Authorities say most of the victims were in a mini bus traveling back from a wedding when it was struck by the train. Egypt’s top rail official says initial reports indicate that gates at the railroad crossing were down at the time of the crash, and that the vehicle had continued onto the tracks. The country’s rail system has a poor safety record due to a lack of maintenance and poor

Amtrak Loses $72 Million in FY 2012 on Food and Beverage Service

November 14, 2013 Todd DeFeo 0

ATLANTA — While Amtrak has reduced how much it is losing on food and beverage service, the passenger railroad still lost $72 million in Fiscal Year 2012, according to a recent report from the inspector general. Nearly all of the loss — $71.5 million — was on the railroad’s long-distance routes. The railroad did see an $800,000 profit on the Northeast Corridor. The Auto Train was the biggest loser, hemorrhaging more than $13 million during the year, according to the inspector general’s report. The railroad’s food and beverage losses have totaled more than $1 billion over the last 12 years,

Book Thanksgiving travel early, Amtrak says

November 7, 2013 Todd DeFeo 0

ATLANTA — Amtrak is urging passengers to book their Thanksgiving holiday train tickets early to avoid missing out on the best availability and pricing. The busiest travel days, the ones most likely to sell out, are the Tuesday and Wednesday before Thanksgiving and the Sunday following the holiday. Amtrak saw a record 737,537 passengers travel by train during the Thanksgiving holiday a year ago. That broke the previous record set during the holiday in 2011. In a statement, Amtrak said it “will operate every available passenger rail car in its fleet and is scheduling extra trains and adding capacity on

Intermodal Investment Strategy Continues to Drive Growth for CSX

November 6, 2013 PRNewswire 0

JACKSONVILLE, Fla., Nov. 6, 2013 /PRNewswire/ — Fredrik Eliasson, CSX (NYSE: CSX) executive vice president and chief financial officer, discussed the company’s recent financial performance today at the Baird Industrials Conference in Chicago, Ill. Eliasson reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. “The CSX team continues to overcome significant headwinds as the energy markets evolve in favor of natural gas and away from coal,” said Eliasson. “During this transition, we have still been able to generate earnings per share growth and value

1 2