Miscellaneous
Month: October 2007
Safety
Union Pacific Urges Hunters to Avoid Railroad Right Of Way
OMAHA, Neb. – Union Pacific Railroad is urging hunters to avoid the railroad’s right of way this hunting season. “Last year, 517 people died while trespassing on the property of railroads throughout the United States,” said Dennis Jenson, assistant vice president-chief of police. “As hunters head outdoors this year, we want to remind them that walking on the railroad’s right of way is extremely dangerous because you never know when a train will come along. It is also against the law.” Through August 2007, 26,461 people have been caught trespassing on Union Pacific Railroad property. Trespassers on the railroad’s right
Norfolk Southern
NS Reports State Tax Legislation, Synthetic Fuel Investments Effects On Third-Quarter Earnings
NORFOLK, Va. – Norfolk Southern Corporation (NYSE: NSC) announced that Illinois tax legislation enacted during the third quarter and rising crude oil prices that impacted synthetic fuel-related investments will have a negative impact on third-quarter net income that will be reported at a quarterly analyst conference call on Oct. 24. Third quarter 2007 diluted earnings per share are expected to be $0.97, or approximately 5 percent below the same quarter 2006. The Illinois legislation modifies the way in which transportation companies apportion their taxable income to the state. This change will result in an adjustment to Norfolk Southern’s deferred income
Canadian Pacific
Canadian Pacific Completes Acquisition of DM&E Railroad
CALGARY — Canadian Pacific Railway Limited has completed the transaction to acquire Dakota, Minnesota & Eastern Railroad Corporation and its subsidiaries (DM&E). The agreement was previously announced on Sep. 4, 2007. The transaction is subject to review and approval by the U.S. Surface Transportation Board (STB), pending which the shares of DM&E have been placed into an independent voting trust. The voting trust is required by US law so that CP does not exercise control over DM&E prior to approval of the transaction by the STB. CP announced that Mr. Richard Hamlin has been appointed as the trustee during the
Kansas City Southern
Union Pacific and Norfolk Southern Offer On-Time or Free Service Guarantee on New Coast-To-Coast Westbound Intermodal Service through Shreveport
OMAHA, Neb. – Union Pacific and Norfolk Southern Railway have announced new westbound intermodal train service that will shorten by a day the trip for standard intermodal freight from the Southeast to Los Angeles. The eastbound service was launched in May 2007. The new coast-to-coast service is part of the railroads’ commitment to improve capacity, service quality and speed by shifting domestic traffic to a new, shorter route over the Shreveport, La., gateway. This shift began with the completion of the first phase of improvements on the Meridian Speedway – NS and Kansas City Southern’s joint venture corridor between Meridian,
BNSF
BNSF Enhances Citizens for Rail Security Program With Videos and Expanded Website
FORT WORTH, Texas — Railroads transport much of the food, building materials, coal for electricity and consumer products that are utilized each day, and breaches in railroad security can threaten the national, state and local economies. As part of heightened security awareness, Americans are being asked to be the eyes and ears for law enforcement officers. To help improve security, BNSF Railway Company has expanded its Citizens for Rail Security program by launching two videos aimed at community groups and law enforcement agencies. The videos illustrate how effective these groups can be in the fight against terrorism and vandalism to
FRA
DOT Grants $12.8 Million to First Responders and Emergency Workers to Improve Hazardous Materials Planning and Training
WASHINGTON — U.S. Transportation Secretary Mary E. Peters has announced grants to states, territories and Native American tribes totaling $12.8 million for planning and training to improve the nation’s response to hazardous materials transportation incidents. The grants help train first responders to react to incidents involving hazardous materials and to meet the challenges posed by new chemicals and alternative energy products like ethanol. “This program is a valuable tool that builds upon and enhances the foundation of emergency response capabilities,” Peters said. “The umbrella of hazardous materials safety offered from this DOT-funded specialized training is extensive.” The grants from the
Union Pacific
UP: Michael Rock Named Vice President External Relations
Union Pacific announced that Michael Rock has been named vice president of External Relations effective Oct. 1. In his new position, Rock is responsible for Union Pacific’s government affairs operation in Washington, D.C. Rock replaces Mary McAuliffe, who has announced her plans to retire early next year. A 16-year veteran of Union Pacific’s Washington office, Rock first joined UP as director of Washington Affairs for Transportation. In 1998 he was named assistant vice president of External Relations. Before joining Union Pacific, Rock held a number of government positions including deputy director of Congressional Affairs under U.S. Department of Transportation Secretary