Month: April 2010

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CSX

CSX Corporation Chief Executive Officer Says U.S. Must Act Aggressively to Modernize Its Infrastructure

April 28, 2010 Railfanning.org News Wire

LOS ANGELES — The U.S. must make a renewed and aggressive national commitment to modernize its infrastructure in order to keep its leading position in the global economy, Michael Ward, CSX Corporation’s chairman, president and chief executive officer said this morning as part of a panel discussion on “Investing in Global Infrastructure” at the Milken Institute Global Conference. “The quality of America’s infrastructure has long been one of the key reasons for its stunning success in the global marketplace,” Ward said. “Other nations are making serious forward-looking investments. The U.S. needs to do the same and do a better job

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Canadian Pacific

Canadian Pacific Employees Commemorate International Day of Mourning

April 27, 2010 Railfanning.org News Wire

CALGARY — Canadian Pacific employees and trains will pause in silence to commemorate men and women who have been injured or have lost their lives in the workplace on April 28, at 11 a.m. local time. “Safety has always been and will always be our number one priority,” said Ed Harris, Canadian Pacific Executive Vice-President and Chief Operating Officer. “Each year we remember those employees who have lost their lives or suffered injury in occupational incidents. Ultimately, this day heightens awareness and strengthens workplace safety.” Trains, locomotive crews, mechanical and operations employees in CP yards, engineering employees along our track

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Canadian National

CN Donates $250,000 to Royal Alexandra Hospital

April 25, 2010 Railfanning.org News Wire

EDMONTON — CN announced a $250,000 donation to the Royal Alexandra Hospital Foundation in support of children’s health and community injury prevention. With this donation, CN and the Royal Alexandra Hospital have created the CN Injury Prevention Lecture Series featuring prominent Edmonton physician and safety expert Dr. Louis Francescutti. “Safety is a core principle at CN,” says Paul Miller, CN’s Chief Safety and Transportation Officer. “We have a strong history of working to promote health and safety, near railway tracks and in our communities, in playgrounds, in homes and schools across our system. We’re proud to partner with the Royal

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Miscellaneous

L.B. Foster and Portec Rail Products Announce Preliminary Injunction Enjoining Tender Offer

April 25, 2010 Railfanning.org News Wire

PITTSBURGH — L.B. Foster Co. and Portec Rail Products have announced that on April 21, the Court of Common Pleas of Allegheny County, Pa., issued a preliminary injunction enjoining the completion of L.B. Foster’s tender offer to acquire all of Portec’s issued and outstanding common stock. L.B. Foster and Portec are reviewing the Court’s opinion with their advisors to determine a future course of action. L.B. Foster Company is a leading manufacturer, fabricator, and distributor of products for the rail, construction and utility and energy markets with approximately 30 locations throughout the United States. Established in 1906, Portec has served

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Union Pacific

Union Pacific Railroad Invests Nearly $6 Million for Track Improvements to Its Line from Near Bunker Hill to Walker, Kan.

April 24, 2010 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific will improve part of Kansas’ transportation infrastructure with a nearly $6 million investment to its rail line that runs from near Bunker Hill to Walker, Kan. The projects include removing and installing more 20 miles of rail and more than 10,000 ties, spread more than 10,000 tons of rock ballast to ensure a stable roadbed and renew the surfaces in 28 road crossings. The tie replacement part of the project began April 1 and is scheduled to be completed May 16. The rail in curves renewal project will begin July 31 and is to be