September 2010 – Railfanning.org

Norfolk Southern Announces Extension of Early Exchange Date of Private Exchange Offer

September 30, 2010 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. announced that the early exchange date with respect to its private exchange offer for its outstanding 7.9 percent notes due 2097 has been extended until midnight on Oct. 14, which is also the expiration date of the Exchange Offer.

GE and MRS Sign Largest Locomotive Purchase Agreement in Brazil History

September 30, 2010 Railfanning.org News Wire

BERLIN — GE Transportation and Brazilian rail operator MRS Logística S.A. (MRS) signed the largest locomotive purchase agreement in the history of Brazil both companies announced at InnoTrans 2010, the world’s largest rail exhibition in Berlin.

CSX Corp. Announces Dividend Increase

September 30, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — The Board of Directors of CSX Corp. voted to approve an 8 percent increase in the quarterly dividend on the company’s common stock.

CN: Focus on Supply Chain Collaboration Driving Positive Results for Western Canadian Coal Shipments

September 30, 2010 Railfanning.org News Wire

EDMONTON — CN said a comprehensive new supply chain approach to managing the flow of coal from mines to west coast terminals is helping the railway improve service to its coal customers and grow their volumes to Asian markets.

Amtrak Envisions World Class High-Speed Rail

September 30, 2010 Railfanning.org News Wire

A Next-Generation High-Speed Rail service could be successfully developed in the Northeast with trains operating up to 220 mph on a new two-track corridor resulting in a trip time of about three hours between Washington and Boston cutting in half or better the current schedules, according to a concept plan released by Amtrak.

CN Named to Dow Jones Sustainability Index

September 30, 2010 Railfanning.org News Wire

MONTREAL — CN said its sustainability practices have earned it a place on the Dow Jones Sustainability Index (DJSI) North America for the second year in a row.

CN and Montreal Port Authority Reach Framework Agreement

September 30, 2010 Railfanning.org News Wire

MONTREAL — CN and the Montreal Port Authority (MPA) announced the signing of a memorandum of understanding (MOU) that commits the parties to develop a best-practices vision for the gateway’s supply chain, improve productivity, and leverage these gains to increase their transportation market share.

Al Engel to Lead Amtrak High-Speed Rail Initiatives

September 24, 2010 Railfanning.org News Wire

WASHINGTON – Albrecht “Al” P. Engel, P.E. is joining Amtrak as vice president of a new High-Speed Rail department and will lead initiatives to grow Amtrak’s role as the premier operator of high-speed passenger rail service in the U.S.

Canadian Pacific Announces $350 Million Debt Offering

September 21, 2010 Railfanning.org News Wire

CALGARY — Canadian Pacific Railway said its wholly owned subsidiary, Canadian Pacific Railway Co., is issuing $350 million of 4.45 percent notes due March 15, 2023.

CN, Prince Rupert Port Authority and Maher Terminals Sign Level of Service Agreement

September 18, 2010 Railfanning.org News Wire

MONTREAL — CN, the Prince Rupert Port Authority (PRPA) and Maher Terminals Holding Corp. announced a Level of Service Agreement to promote and better measure improvements in port performance and to enhance Prince Rupert’s role as a preferred gateway on the west coast for Central Canada and U.S. Midwest markets.