Railfanning.org News Wire

L.B. Foster Completes Tender Offer for Portec Rail Shares

December 22, 2010 Railfanning.org News Wire

PITTSBURGH — L.B. Foster Co. announced the expiration of the subsequent offering period offered by its wholly-owned subsidiary, Foster Thomas Co., for its cash tender offer for all outstanding shares of common stock of Portec Rail Products Inc.

L.B. Foster Extends Subsequent Offering Period for Portec Rail Shares

December 21, 2010 Railfanning.org News Wire

PITTSBURGH — L.B. Foster Co. announced that its wholly-owned subsidiary, Foster Thomas Co., has extended its cash tender offer for all outstanding shares of common stock of Portec Rail Products Inc. 5 p.m. on Dec. 22.

STB Fines CN for Chicago Street-Crossing Blockages

December 21, 2010 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board fined Canadian National Railway Company $250,000 for “knowingly violating Board orders” regarding the reporting of street-crossing blockages in the Chicago area.

CN Signs VMA With New Lenox, Ill.

December 21, 2010 Railfanning.org News Wire

CHICAGO — CN said it has reached a voluntary mitigation agreement (VMA) with the Village of New Lenox, Ill., located approximately 36 miles southwest of downtown Chicago, regarding its acquisition of the Elgin, Joliet and Eastern Railway Company (EJ&E).

CN Completes Griffith, Ind., Rail Connection

December 20, 2010 Railfanning.org News Wire

CHICAGO — CN has completed construction of the first major rail connection built as part of the continuing integration of the Elgin, Joliet and Eastern Railway Company (EJ&E) that, when all connections are constructed, will enhance the fluidity of train movements along CN routes in the greater Chicago area, the railroad said.

GE Agreement with CSR to Invest in Rail Technologies

December 18, 2010 Railfanning.org News Wire

BEIJING — GE announced a cooperative framework agreement with CSR Corporation Limited (CSR) to establish a U.S.-based joint venture to advance high-speed and other rail technology in the U.S.

Union Pacific Railroad Opens New Office in Des Moines

December 17, 2010 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Railroad employees gathered to officially open a $2.4 million office building in Des Moines. The more-than-11,600-square-foot building replaces several outdated structures used as offices.

Union Pacific Corp. Announces Extension of Exchange Offer

December 17, 2010 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Corp. announced an extension of the offer to exchange up to $375,900,000 of its issued and outstanding 5.78 percent notes due 2040 for a like principal amount of its 5.78 percent notes due 2040, which have been registered under the Securities Act of 1933.

L.B. Foster Completes Tender Offer for Portec Rail Products and Commences Subsequent Offering Period

December 16, 2010 Railfanning.org News Wire

PITTSBURGH — L.B. Foster Co. announced that the United States District Court for the District of Columbia signed the Hold Separate Stipulation and Order and that L.B. Foster’s direct wholly-owned subsidiary, Foster Thomas Co., has completed its cash tender offer for Portec Rail Products Inc.

Norfolk Southern’s ‘Train Your Brain’ Public Safety Awareness Program Heads to Ohio

December 16, 2010 Railfanning.org News Wire

It’s on to Ohio in 2011 for “Brainy” and Norfolk Southern’s “Train Your Brain” safety campaign after completing a two-year successful run in east central and northern Indiana.