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Norfolk Southern

Pan Am Railways and Norfolk Southern Create the Patriot Corridor to Improve Rail Service and Expand Capacity in New York and New England

NORTH BILLERICA, Mass. — Pan Am Railways and Norfolk Southern Railway have agreed to create an improved rail route between Albany, N.Y., and the greater Boston, Mass., area called the “Patriot Corridor.” Investments in the Patriot Corridor are expected to improve track quality and customer service, boost train speed and reliability, and increase capacity on the route. PAR and NS each will have a 50 percent interest in the newly formed railroad company, called “Pan Am Southern.” PAR has agreed to transfer to the joint venture its 155-mile main line track that runs between Mechanicville (Albany), N.Y., and Ayer, Mass.,

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NTSB

Rosenker: Safety Up, but Still Room for Improvement

WASHINGTON — National Transportation Safety Board Chairman Mark V. Rosenker told members of the Association of American Railroads (AAR) that, while grade crossing accidents and railroad employee fatality rates have declined in the past quarter century, there is still room for improvement. Addressing rail executives at the AAR’s annual safety awards luncheon, Rosenker called upon attendees to move more quickly on safety improvements by adopting new technology, such as positive train control and electronically controlled pneumatic braking, two of the technologies that show great promise for improving safety. “As many of you know,” Rosenker stated, “I strongly believe that the

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Amtrak

Martinez, California Detective Named Amtrak Police Officer of the Year 2007

OAKLAND – Det. John Mumford has been selected as the Amtrak Police Department’s Officer of the Year 2007. Mumford has been chosen to receive this prestigious award in recognition of his many contributions to the safety and security of the Amtrak community. Mumford has displayed exemplary dedication in the performance of his duties, Amtrak officials said. Mumford began his career with the Amtrak Police Department in 1999, based out of San Jose. He has served in California for nine years. “Mumford was chosen Officer of the Year for his untiring efforts at making people feel safe and secure while riding the

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Norfolk Southern

NTSB: Inadequate Rail Inspection to Blame for 2006 NS Derailment

WASHINGTON — Norfolk Southern Railroad’s inadequate rail inspection and maintenance program resulted in a rail fracture from an undetected internal defect, which is to blame for an October 2006 derailment. Contributing to the accident was the Federal Railroad Administration’s inadequate oversight of the internal rail inspection process and its insufficient requirements for internal rail inspection. On Oct. 20, 2006, a Norfolk Southern freight train (68QB119), en route from the Chicago area to Sewaren, N.J., derailed while crossing the Beaver River railroad bridge in New Brighton, P.a. The train consisted of a three-unit locomotive pulling three empty freight cars and 83 tank

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Amtrak

Amtrak Celebrates National Train Day

WASHINGTON — To raise awareness of the vital role rail plays in our nation’s transportation system, Amtrak is celebrating its first annual National Train Day, Saturday, May 10, 2008. The date of National Train Day, May 10, holds special meaning as it is the anniversary of the completion of the first transcontinental railroad at Promontory Summit, Utah in 1869. At Promontory Summit, the east coast and west coast were connected for the first time by rail. Amtrak is hosting events at four of its largest stations — Washington, DC, New York, Chicago and Los Angeles. Events will include train equipment

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Amtrak

Amtrak Celebrates National Train Day with Ceremony Honoring Pullman Porters in Chicago

CHICAGO – Amtrak, in partnership with the Chicago-based A. Philip Randolph Museum, will host a ceremony during National Train Day this Saturday (May 10, 2008) to honor the contributions of the legendary Pullman Porters to the nation’s railroads. Amtrak employees will gather to give heartfelt thanks in person to six porters who proudly served as far back as the mid-1940s. Honored are Eugene Bowser of Chicago, Linus J. Scott of Gary, Ind., William Turner of Cincinnati and three men from Omaha, Neb.: Terry Edwards, Johnny Newsome and Raymond Willis (biographical information attached). “The celebration is an opportunity for Amtrak’s current

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Canadian Pacific

Canadian Pacific Railway Limited Declares Dividend

CALGARY — The Board of Directors of Canadian Pacific Railway have declared a quarterly dividend of twenty four and three quarter cents ($0.2475) Canadian per share on the outstanding Common Shares. The dividend is payable on July 28 to holders of record at the close of business on June 27 and is an eligible dividend pursuant to the Income Tax Act. — PRNewswire-FirstCall

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Norfolk Southern

Balanced Traffic Mix Drives Success, Moorman Tells Stockholders at Annual Meeting

NORFOLK, Va. — A balanced mix of traffic has enabled Norfolk Southern to post solid financial and operating performance in spite of softness in the housing and automotive markets, said Chief Executive Officer Wick Moorman during the company’s 26th annual stockholders meeting, held in Norfolk, Va. “Our results speak volumes for something that we talk about all the time – the strength of our balanced portfolio of business,” Moorman said. “We’re really seeing two different economies out there in that a large component of our business is very healthy. Our agricultural business and anything having to do with commodities are

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Kansas City Southern

KCS Announces Tender Offer and Consent Solicitation

KANSAS CITY, Mo. — The Kansas Southern Railway Co. has commenced a cash tender offer for any and all of its $200 million aggregate principal amount of 9 1/2 percent Senior Notes due 2008 and a consent solicitation to amend the related Notes and indenture. The terms and conditions are set forth in the Offer to Purchase and Consent Solicitation Statement dated May 8. — PRNewswire-FirstCall

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BNSF

STB Makes Rail Revenue Adequacy Determination for 2006

WASHINGTON –Three Class I railroads, the BNSF Railway Co., the Norfolk Southern Railway Co., and the Soo Line Railroad Co. (a subsidiary of Canadian Pacific Railway Co., were revenue adequate for 2006. All other Class I freight railroads were found to be revenue inadequate for that year. The Surface Transportation Board made its determinations of revenue adequacy for the seven Class I freight railroads (the Nation’s largest) for 2006. A railroad is considered to be revenue adequate if it achieves a rate of return on net investment (ROI) equal to at least the current cost of capital (i.e., the cost