WASHINGTON – The U.S. Department of Transportation awarded Amtrak $450 million in funding to upgrade its rail infrastructure to support more frequent and faster high-speed rail service, and to improve reliability of current service between New York and Washington.
EDMONTON — CN announced major investments to double track key segments of its high-volume main line east of Edmonton, add capacity to its rail line to the oil sands region of northern Alberta, and improve velocity at its Walker Yard freight car classification facility in Edmonton.
FORT WORTH, Texas — The BNSF Foundation (BNSF) announced it has donated $100,000 to the American Red Cross for on-going relief efforts for the tens of thousands of people affected by the tornadoes that struck several Southern states on April 27.
MONTREAL — CN has refinanced its revolving credit facility with a new four-year $800-million facility co-led by The Bank of Nova Scotia, J.P. Morgan Securities LLC, and BMO Capital Markets.
OMAHA, Neb. — Union Pacific Corp. announced that its Board of Directors voted to increase the quarterly dividend on the company’s common shares by 25 percent to 47.5 cents per share.
JACKSONVILLE, Fla. — CSX Transportation commended Richard J. Spatafore, division engineer,Jacksonville, for receiving the 2010 Association of American Railroads’ John H. Chafee Environmental Excellence Award.
JACKSONVILLE, Fla. — CSX Corp. announced that its Board of Directors has approved a 3-for-1 stock split, a 38 percent increase in the quarterly dividend on its common stock, and a $2 billion share buyback program.
WASHINGTON — The National Transportation Safety Board (NTSB) released the following preliminary information as part of its ongoing investigation into a rear end collision between two BNSF Railway trains.