Railfanning.org News Wire

CN Invests in Extended Sidings in Northern Ontario

July 19, 2011 Railfanning.org News Wire

TORONTO — CN announced plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings in this corridor to more than C$30 million. Two additional extended sidings, costing a total of C$10 million, are planned for this main line in 2012.

LaHood Announces $72.8 Million for Massachusetts to Cut Travel Time by Nearly 30 Minutes on Amtrak’s Growing Vermonter Line

July 13, 2011 Railfanning.org News Wire

WASHINGTON – U.S. Transportation Secretary Ray LaHood said travel time on Amtrak’s Vermonter line will be cut by nearly 30 minutes through a $72.8 million grant to the Massachusetts Department of Transportation.

Amtrak to Exceed 30 Million Passengers for the First Time Ever

July 13, 2011 Railfanning.org News Wire

WASHINGTON – Amtrak is projecting that for the first time ever its annual ridership will exceed 30 million passengers and in the process set a new all-time record when the current fiscal year ends Sept. 30.

CSX Increases 2011 Capital Investment to $2.2 Billion; Declares Quarterly Dividend

July 13, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — The CSX Corp. Board of Directors authorized an increase in 2011 capital investment for certain asset purchases – primarily railcars to meet the growing near- and long-term demand for export coal.

STB: Ruling to Provide Greater Access to Processes

July 7, 2011 Railfanning.org News Wire

WASHINGTON — In an action officials say will provide greater public access to its processes, the Surface Transportation Board announced that it is reducing the fee charged shippers to file a railroad rate or unreasonable practice complaint from $20,000 to $350, and is maintaining the $150 fee to file an expedited small rate case.

CSX Corporation Names David Baggs as VP Capital Markets and Investor Relations

July 7, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced the promotion of David Baggs to vice president capital markets and investor relations, effective immediately. Previously, he was assistant vice president treasury and investor relations.

CSX Announces VP Appointments in Finance, Commercial

June 30, 2011 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced appointments for three veteran leaders of the company.

DOT Announces $562.9 Million Amtrak Loan for 70 Locomotives to Run on Northeast Corridor

June 30, 2011 Railfanning.org News Wire

WASHINGTON — U.S. Department of Transportation Secretary Ray LaHood announced a $562.9 million loan to Amtrak under the Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing (RRIF) program that will create hundreds of manufacturing jobs across several states.

Union Pacific Railroad Named Best Diversity Company for Third Consecutive Year

June 29, 2011 Railfanning.org News Wire

OMAHA, Neb. — For the third consecutive year, Diversity Careers in Engineering and Information Technology named Union Pacific Railroad a Best Diversity Company.

DOT Provides $126 Million to Ease Train Congestion in Chicago Rail Corridor

June 28, 2011 Railfanning.org News Wire

WASHINGTON – U.S. Transportation Secretary Ray LaHood announced the Illinois Department of Transportation can now start spending $126 million for Chicago’s Englewood Flyover project that was awarded last year.