Commuter Rail
LA-Vegas Line Could Receive Billions
WASHINGTON — A Los Angeles-to-Las Vegas high-speed could receive $8 billion in federal funding. The funding for the line was included in the massive “stimulus” bill Congress is considering.
Year: 2009
CSX
CSX Corp. Declares Quarterly Dividend
JACKSONVILLE, Fla. — The Board of Directors of CSX Corp. approved a $0.22 per share quarterly dividend on the company’s common stock. The dividend is payable on March 13 to shareholders of record at the close of business on Feb. 27. — PRNewswire-FirstCall
Canadian Pacific
Canadian Pacific Completes Common Share Offering
CALGARY — Canadian Pacific Railway announced it has completed its common equity offering of 13.9 million shares at $36.75 per share for total gross proceeds of $510.8 million, which includes the exercise in full of the underwriters over allotment option for 1.3 million shares. — PRNewswire-FirstCall
Canadian National
CN and Norfolk Southern Announce MidAmerica Corridor Initiative to Speed Freight Between Midwest and Southeast
NORFOLK, Va. — CN and Norfolk Southern announced an initiative to create a “MidAmerica Corridor” in which the railroads will share track between Chicago, St. Louis, Kentucky and Mississippi to establish shorter and faster routes for merchandise and coal traffic moving between the Midwest and Southeast. This initiative, when finalized through definitive agreements, will have three components. First, Norfolk Southern (NS) will haul CN freight between Chicago and St. Louis, reducing the distance between these points for CN shipments by 60 miles and providing improved connections to other rail carriers through the St. Louis gateway. Second, NS will use CN’s
Commuter Rail
NTSB to Discuss Metrolink Crash
WASHINGTON — The National Transportation Safety Board will hold a public hearing on the 2008 collision in Chatsworth, Calif., involving a Metrolink commuter train and a Union Pacific freight train. The two-day hearing will begin on March 3 at the NTSB’s Board Room and Conference Center, 429 L’Enfant Plaza, S.W., Washington. At 4:22 p.m. on Sept. 12, 2008, Metrolink commuter train 111 and a Union Pacific freight train collided. As a result of this head-on accident, there were 25 fatalities and numerous injuries. On the day of the accident, the Metrolink engineer, who was responsible for the operation of the
Amtrak
Amtrak Celebrates Black History Month with Special Ceremony Honoring Pullman Porters
OAKLAND, Calif. – Amtrak, in celebration of Black History Month, partnered with the A. Philip Randolph Pullman Porter Museum to host a ceremony celebrating the contributions of the legendary Pullman Porters and African-American railroad workers at the Oakland Amtrak Station Feb. 10. Amtrak officials and local dignitaries will gather to honor five porters and dining car waiters who proudly served as far back as the mid-1940s. Honored are Lee Gibson, 98, of Los Angeles, James Smith, 83, of Simi Valley, Samuel Coleman, 80, of Las Vegas, and Troy Walker, 90, and Thomas Gray, 71, of Seattle. “The celebration is an
Commuter Rail
Atlantic City Express Service Launches Inaugural Trains Connecting New York, Atlantic City
ATLANTIC CITY, N.J. — Representatives from the Atlantic City Express Service (ACES) joint venture partners — Caesars Atlantic City, Harrah’s Resort Atlantic City and Borgata Hotel Casino & Spa — joined New Jersey Gov. Jon S. Corzine and other key New Jersey officials to launch weekend train service between New York’s Penn Station and Atlantic City. The launch of the ACES train is another major step in the evolution of Atlantic City into a world-class destination, providing residents of New Jersey and New York the opportunity to experience all the new attractions the city has to offer. “I welcome this
Amtrak
STB Announces Speakers Lineup
WASHINGTON — The Surface Transportation Board provided a schedule of speakers’ appearances and their time allocations for the Board’s Feb. 11 public hearing on the Board’s new responsibilities under the recently passed Passenger Rail Investment and Improvement Act of 2008. The Act enhances the Board’s role with regard to Amtrak and its relationships with commuter rail operators, host railroads, states and the public.
Miscellaneous
Deaf Teen Killed in Ga. Town
BAINBRIDGE, Ga. — A 17-year-old deaf teen was killed after he was struck by a train, authorities say. Authorities say the train’s engineer sounded the horn, but that the boy was deaf.
Union Pacific
Union Pacific Railroad Named to Most Admired for HR List By Human Resource Executive
OMAHA, Neb. — Human Resource Executive has named Union Pacific Railroad as one of the 50 “Most Admired for Human Resources” companies according to Human Resource Executive. Union Pacific ranked No. 29 on the list. Philadelphia-based Hay Group conducted the research for this project. Hay Group is the management consulting firm that has partnered with Fortune since 1997 to identify and rank the magazine’s “Most Admired Companies.” More than 3,700 executives, directors and securities analysts from Fortune 1,000 U.S. companies and top-ranked foreign companies operating in the U.S. were asked to select companies they admired most in their respective industries.