Railfanning.org News Wire

BNSF Foundation Sends Donations to Assist Tornado Victims in the American South

May 6, 2011 Railfanning.org News Wire

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.

CN Secures New Four-Year $800-million Credit Facility

May 6, 2011 Railfanning.org News Wire

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.

Union Pacific Announces Dividend Increase and Additional Growth Capital

May 5, 2011 Railfanning.org News Wire

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.

Amtrak Celebrates 40 Years of Serving America

May 4, 2011 Railfanning.org News Wire

WASHINGTON – Forty years ago, on May 1, 1971, Amtrak operated its first intercity passenger train.

Spatafore Named Rail Industry’s Top Environmentalist

May 4, 2011 Railfanning.org News Wire

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.

CSX Announces Stock Split, Dividend Increase, Share Buyback

May 4, 2011 Railfanning.org News Wire

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.

NTSB Releases New Details on Fatal Iowa Wreck

May 3, 2011 Railfanning.org News Wire

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.

CN: Scheduled Potash Service Drives New Supply Chain Efficiencies

May 3, 2011 Railfanning.org News Wire

SASKATOON — CN said its Scheduled Potash Service has increased supply chain efficiencies for producers in Western Canada and provided them quicker access to markets.

Begeman Sworn in as STB Member

May 2, 2011 Railfanning.org News Wire

WASHINGTON — Ann D. Begeman was sworn in May 2, 2011 as a member of the U.S. Surface Transportation Board, bringing two decades of experience in transportation policy to the Board.

CN Police to Mark Rail Safety Week 2011

May 2, 2011 Railfanning.org News Wire

HOMEWOOD, Ill. — With trespassing incidents and fatalities on the rise in the United States, CN is marking Rail Safety Week from May 2 to May 8, 2011, with a public awareness campaign that stresses the deadly risks of trespassing on railroad tracks and property.