Railfanning.org News Wire – Page 325

BNSF Postpones Project in Western Illinois

August 5, 2008 Railfanning.org News Wire

CHICAGO – BNSF Railway has notified Amtrak of the postponement of an infrastructure project in Western Illinois. Although it was to begin this week, BNSF is now planning to conduct the track work this fall, on a date to be announced. Train 381, the morning westbound Carl Sandburg from Chicago, will operate on its normal schedule to Quincy. Train 382, the evening eastbound Carl Sandburg to Chicago, will operate on a modified schedule this week only, reverting to its normal schedule on August 9. The previously announced schedule called for passengers to arrive early for the departure of chartered motorcoaches

Lowcountry Open Land Trust Announces Largest Conservation Gift in South Carolina History

August 4, 2008 Railfanning.org News Wire

CHARLESTON, S.C. — Some of the most ecologically significant land in the U.S. will be protected permanently from development through a conservation easement donated by Norfolk Southern to the Lowcountry Open Land Trust. The easement is thought to be one of the largest in the Southeast and the largest ever by a corporation in South Carolina. Norfolk Southern, through two subsidiaries, has granted an easement on 12,488 acres of its Brosnan Forest timber and wildlife preserve near Dorchester, S.C., 35 miles northwest of Charleston. The property is near the 15,000-acre Francis Beidler Forest, which is owned and operated by the

Alaska Railroad Receives FRA Grant for Rail/Highway Bridge to Military Training Area

August 2, 2008 Railfanning.org News Wire

WASHINGTON — The Federal Railroad Administration (FRA) is awarding $44.2 million to the Alaska Railroad for a dual use railroad/highway bridge over the Tanana River to the U.S. military’s Joint Tanana Training Complex. The bridge, which is part of the Northern Rail Extension project, is part of the new 80-mile rail line from North Pole to Delta Junction. The grant funds are to be used to advance existing designs to contract-ready engineering documents; complete filings for all necessary permits; obtain required rights-of-way; build construction staging areas; and begin construction of the bridge and connecting roadways. However, no funds may be

STB to Hold Public Hearing

August 1, 2008 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board announced that it will hold a public field hearing on Aug. 21, 2008, in Eugene, Ore., to hear public testimony related to two railroad proceedings currently before the Board. One proceeding involves an application by the Central Oregon & Pacific Railroad Inc. to abandon and discontinue railroad service over portions of a railroad line known as the Coos Bay Subdivision. The other proceeding concerns a separate application by the Oregon International Port of Coos Bay that instead would force CORP to sell those same portions of the line, as well as an additional line

Portec Rail Products, Inc. Reports 2008 Second Quarter and Six Month Operating Results

August 1, 2008 Railfanning.org News Wire

PITTSBURGH — Portec Rail Products Inc. announced record unaudited net income of $2,403,000 or $0.25 per share for the three months ended June 30, 2008, a 27 percent increase over second quarter 2007 net income of $1,887,000 or $0.20 per share. Average basic and diluted shares outstanding were 9.6 million for both periods. Net sales for the second quarter 2008 totaled $30.2 million, a 4 percent increase over second quarter 2007 net sales of $29.1 million. Net income for the six months ended June 30, 2008 grew to $3,747,000 or $0.39 per share, a 21 percent increase over net income

Congressional Leaders Introduce Bill Directing STB to Consider Public Interest in Proposed Rail Transactions

August 1, 2008 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board (STB) would be required to take into account the safety and environmental effects on local communities when considering a merger or acquisition proposal by a railroad, under legislation introduced last night by Rep. James L. Oberstar, D-Minn., Chairman of the Committee on Transportation and Infrastructure. The Taking Responsible Action for Community Safety Act clarifies that, prior to approval of a merger or acquisition proposal by a Class I railroad of a Class II or Class III railroad, the STB must consider factors such as public safety, emergency response time, and noise impacts. The legislation

Union Pacific Reports 24 Percent Earnings Growth

July 30, 2008 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Corporation reported record 2008 second quarter net income of $531 million, or $1.02 per diluted share, compared to $446 million, or $.82 per diluted share in the second quarter of 2007. “We achieved a record second quarter in the face of rising fuel costs and an estimated 5 cents earning reduction associated with Midwest flooding,” said Jim Young, Chairman and Chief Executive Officer. “We demonstrated the resiliency of our network by quickly restoring service to our customers, which provided us with a strong finish to the quarter, driving solid revenue growth and continued productivity improvements.”

U.S. Transportation Peters Unveils Bush Administration’s New Approach for America’s Transportation Future

July 30, 2008 Railfanning.org News Wire

ATLANTA – A clean and historic break with the past is needed to encourage the future vitality of our country’s transportation network, said U.S. Transportation Secretary Mary E. Peters, who unveiled the Bush Administration’s new plan to refocus, reform and renew the national approach to highway and transit systems in America. “Without a doubt, our federal approach to transportation is broken. And no amount of tweaking, adjusting or adding new layers on top will make things better,” Peters said. “It is time for a new, a different and a better approach.” Peters said the plan sets a course for reforming

CSXT Appoints Mike Smith, Vice President – Network Operations

July 28, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation announced that Mike Smith, assistant vice president — crew management, has been appointed vice president — network operations, replacing Jim Snyder, who officially retires Aug. 1. “This change recognizes the significant contributions that Mike has made to our Operations team and the leadership he has provided,” said Tony Ingram, executive vice president and chief operating officer, CSX Corporation. “This change in leadership in the CSXT Network Operations team is designed to build on the consistent, continuous improvements underway in safety and service.” Smith’s areas of responsibility will include network, train dispatching, coal, bulk and locomotive

Seven States Share $5.6 million in Grant Funding for Grade Crossing Safety in High-Speed Rail Corridors

July 26, 2008 Railfanning.org News Wire

WASHINGTON — Five federally-designated high-speed rail corridors in California, Louisiana, Minnesota, Mississippi, North Carolina, Texas, and Wisconsin will share $5,640,174 in federal grant funding to make safety improvements at approximately 25 highway-rail grade crossings. The funds will support the installation of grade crossing warning lights and gates, the closure of crossings, and other engineering solutions to help prevent motor vehicle-train collisions along rail lines where high-speed passenger trains are intended to operate in the future. The grants are jointly managed by the Federal Highway Administration (FHWA) and the Federal Railroad Administration (FRA) and complement the significant investments and ongoing efforts