http://railfanning.org/news For the latest railroad news Fri, 29 Jan 2010 02:10:18 +0000 http://backend.userland.com/rss092 en TAMPA, Fla. -- President Barack Obama and Vice President Joe Biden today announced the U.S. Department of Transportation (USDOT) is awarding $8 billion to states across the country to develop America’s first nationwide program of high-speed intercity passenger rail service. Funded by the American Recovery and Reinvestment Act (ARRA), the funding ... http://railfanning.org/news/archives/1824 NORFOLK, Va. -- Norfolk Southern Corp. reported fourth-quarter 2009 net income of $307 million, or $0.82 per diluted share, compared with $452 million, or $1.21 per diluted share, for the same quarter of 2008. Net income for 2009 was $1.0 billion, or $2.76 per diluted share, compared with $1.7 billion, or ... http://railfanning.org/news/archives/1822 MONTREAL -- CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: -- Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million ... http://railfanning.org/news/archives/1819 NORFOLK, Va. -- Thomas D. Bell Jr., chairman of SecurAmerica LLC, has been elected a director of Norfolk Southern Corp., Norfolk Southern CEO Wick Moorman announced today. Bell retired as chairman and chief executive officer of Cousins Properties in July 2009. He previously served as chairman and CEO of the advertising ... http://railfanning.org/news/archives/1817 WASHINGTON -- The National Transportation Safety Board has launched a team of investigators to today's Washington Metropolitan Area Transit Authority (WMATA) accident in Rockville, Md. At 1:45 am (EST) a hi-rail vehicle, in the work zone on the red line near Rockville Station, struck and killed two employees on the track. The ... http://railfanning.org/news/archives/1815 WASHINGTON -- Two Metro track workers were struck and killed by a piece of track equipment early this morning, Jan. 26, near the Rockville Metrorail station. The Metro employees, both males, were struck by a prime mover, a diesel-powered piece of equipment that is used to move heavy equipment, according to ... http://railfanning.org/news/archives/1812 JACKSONVILLE, Fla. -- Placing a substantial vote of confidence in rail transportation, customers committed to 92 new or expanded facilities on CSX Transportation (CSXT) lines in 2009. Upon completion, these projects will create nearly 1,400 new jobs, the company said. Located in 18 states and across markets that include energy, consumer goods ... http://railfanning.org/news/archives/1810 WASHINGTON -- U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes. PTC is an integrated set ... http://railfanning.org/news/archives/1806 WASHINGTON -- Federal authorities want trains to be equipped with audio and image recorders capable of providing recordings to verify that train crew actions are in accordance with rules and procedures that are essential to safety as well as train operating conditions. The recommendation was part of a National Transportation Safety ... http://railfanning.org/news/archives/1803 OMAHA, Neb. -- Union Pacific Corp. reported 2009 fourth quarter net income of $551 million, or $1.08 per diluted share, compared to $661 million, or $1.31 per diluted share in the fourth quarter 2008."Union Pacific's fourth quarter earnings reflected the continued impact of the recession that began in 2008," said ... http://railfanning.org/news/archives/1800