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CSX

CSX Reports Record Second Quarter Earnings

JACKSONVILLE, Fla. — CSX Corp. reported second quarter 2008 earnings of $385 million, or a record 93 cents per share. Last year CSX reported second quarter earnings of $324 million, or 71 cents per share. Second quarter 2008 results included 4 cents per share associated with the resolution of certain tax matters. On a comparable basis, excluding this item, second quarter EPS was up 25 percent from a year ago. “CSX continues to deliver significant value for shareholders and demonstrate the secular strength of our business,” said Michael Ward, chairman, president and CEO. “The strong earnings performance delivered by this

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Amtrak

Amtrak Re-launches Regional Service as Northeast Regional

WASHINGTON — Amtrak has announced the re-launch of its Northeast Corridor Regional service, renaming it Northeast Regional. Traveling between Boston, New York, Washington, Richmond and Newport News, Va., the service, Amtrak’s busiest, transported more than 6.8 million passengers last fiscal year. Anticipating a busy summer travel season and the impact of an integrated marketing campaign, Amtrak expects the re-branding of the Northeast Regional and its associated service improvements to attract an additional 136,000 passengers to the service, valued at $8.9 million in ticket revenue annually. So far this fiscal year (October 1, 2007 through June 30, 2008), Amtrak’s Regional service

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FRA

FRA Issues Final Rule for Rail Relocation and Improvement Grant Program

WASHINGTON — The Federal Railroad Administration (FRA) has issued a Final Rule detailing the eligibility requirements and selection criteria for capital grants under the Rail Line Relocation and Improvement program created in the SAFETEA-LU legislation. In order to be eligible for grant funding, a project must mitigate the adverse effects of rail traffic on safety, motor vehicle traffic flow, community quality of life or involve a lateral or vertical relocation of any portion of the rail line. Under the law, half of all grant funds are reserved for projects costing no more than $20 million each. A state or other

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Short Line/Regional

Mudslide Causes Deraiment in Iowa

GUTTENBERG, Iowa – A mudslide caused four locomotives to derail and crash into the Mississippi following, authorities said. The locomotives were pulling and Iowa, Chicago & Eastern Railroad freight train at the time of the derailment. “Early reports indicate that a large boulder and embankment slide occurred in the area of the derailment,” the railroad said in a statement, according to The Associated Press. “It is suspected that heavy rain saturations weakened the bluff embankment causing the slide.”

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Amtrak

Missouri Provides $5 Million For Improved Amtrak Service

JEFFERSON CITY, Mo. — Reliability of Kansas City to St. Louis trains operated by Amtrak for the Missouri Department of Transportation can improve, thanks to $5 million provided by the Missouri state legislature and approved by Gov. Matt Blunt to increase track capacity on the route. The Missouri Mules (Trains 311, 313, 314 & 316) provide twice-daily round trips across the state and have been plagued by lengthy delays due to heavy freight traffic on the Union Pacific Railroad line. “This is great news for Missouri,” said MoDOT Director Pete Rahn.  “This funding will lead to improved service, helping make

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Norfolk Southern

Sen. Joe Bruno Announces Plans for $40 Million Rail Logistics Center in Saratoga Co., N.Y.

MECHANICVILLE, N.Y. — State Senator Joe Bruno, R-Brunswick, has announced that a new intermodal and automotive rail logistics center will be constructed at the former rail yard located within the towns of Halfmoon, Mechanicville, and Stillwater. This new rail terminal will anchor the western end of Pan Am Southern’s Patriot Corridor, which will be a high-speed freight rail route between the Capitol Region and the Boston area once track and signal improvements are complete. Construction of the $40 million facility is expected to begin in the first quarter 2009 and be complete by April 2010. “As soaring energy costs have

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CSX

Residents Urged to Stay Off Railroad Tracks, Reminded to Always Expect a Train

JACKSONVILLE, Fla. — With summer activities in full swing, CSX Transportation (CSXT) asks you to stay safe and stay off railroad tracks. That means to enjoy activities such as picnics and fireworks somewhere other than railroad tracks and property, where hundreds of people are killed or injured nationwide each year. “Trains do not take holidays,” said Cliff Stayton, CSXT director of Public Safety Awareness. “In fact, CSXT trains will be running on July 4. For safety’s sake, residents should stay away from all railroad property. Always expect a train.” Consider the following facts about the dangers of trespassing on railroad