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CSX

CSX Corporation Chief Financial Officer Calls Strong Corporate Culture a Competitive Advantage

JACKSONVILLE, Fla. — CSX Corp.’s sustained culture of accountability and continuous improvement has been fundamental to its ability to create significant value over a wide array of economic conditions, including the recent recession, Oscar Munoz, executive vice president and chief financial officer, told participants at the “CFO Rising East: Creating a Sustainable Edge” conference.

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Canadian National

CN: Disappointed in Court Decision on EJ&E Grade Separation Projects

CHICAGO — CN expressed disappointment with the decision of the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. denying the company’s request to reverse the Surface Transportation Board’s (STB) order requiring the railroad pay for the majority of the costs associated with two highway grade separation projects. In its Dec. 24, 2008 decision approving CN’s acquisition of the principal portion of the Elgin, Joliet and Eastern Railway Company (EJ&E), the STB ordered CN to pay 67 percent of the cost for a grade separation at Ogden Avenue in Aurora, Ill., and 78.5 percent of a separation at Lincoln Highway in Lynwood,
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Amtrak

Amtrak Says Private Involvement in Passenger Rail is not a Silver Bullet that Ensures Success

WASHINGTON – Efforts to encourage increased private sector involvement and investment in intercity passenger rail service is a welcome development, but “private sector involvement is not the silver bullet that ensures success,” Amtrak Vice President for Policy and Development Stephen Gardner said in written testimony submitted to the House Transportation and Infrastructure Subcommittee on Railroads, Pipelines and Hazardous Materials.

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Union Pacific

Union Pacific’s Little Rock Express Steam Excursion Scheduled May 29 through June 9

OMAHA, Neb. — The Little Rock Express will depart May 29 from Kansas City, Mo., and conclude June 9 in Little Rock, Ark., as part of Union Pacific’s Great Excursion Adventure – You Route the Steam contest. More than 175,000 votes were cast for four different routes, with the Little Rock Express defeating the Tuscola Turn, Baton Rouge Rambler and Boise Express. As a result, Union Pacific’s legendary No. 3985 Challenger steam locomotive will make a goodwill tour starting in Kansas City, heading east through Jefferson City, Mo., and St. Louis before turning south en route to Little Rock. Details