Woman accused of selling stolen rail parts

Aug 16, 2008

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An investigation involving police and five railroads resulted in the arrest Tuesday of a female scrapper who allegedly tried selling up to a ton of stolen, new repair parts for train tracks, the Telegraph reports. Police said she sold the parts, some still in manufacturers' bags, to Mullins Salvage, 8 Cut St., on Monday, then returned Tuesday to sell more of the stolen metal pieces. Read more...


Railroad Rebound: Signs point to resurgence

Aug 13, 2008

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As fuel prices continue to rise and the nation's highways become more congested, transportation experts believe the United States is headed toward a railway resurgence. In a January research report, R.W. Baird & Co. financial analysts Jon A. Langenfeld, Michael Halloran and Benjamin J. Hartford wrote that U.S. railroads face "favorable long-term secular rail dynamics," such as sustained pricing power and increased international trade. Read more...


Drug smugglers frustrate railroads

Aug 10, 2008

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Violent Mexican drug cartels are using every means possible to get cocaine, marijuana and heroin into the United States, including false compartments on rail cars hauled by Omaha-based Union Pacific Corp. and other railroads. Drug smuggling on railroads drew little public interest until last week's revelation that a federal agency had fined Union Pacific nearly $38 million for allowing drugs into the country. Read more...


NS to hike communications security

Jul 31, 2008

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NICE Systems announced it has won a seven-digit follow-on project from Norfolk Southern Corporation to more broadly capture, manage and analyze rail communications at five additional sites. Norfolk Southern will use the NICE solutions to streamline investigations and incident reconstructions relating to railway safety. Read more...


Activist shareholder nominees to join CSX board

Jul 25, 2008

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Railroad giant CSX said it has asked two nominees of activist hedge fund shareholders TCI and 3G Capital to join its board, but said it will await a vote review and court action before seating its two remaining members. Read more...


Long CSX fight predicted

Jul 12, 2008

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The announcement of the preliminary results of the proxy fight between CSX Corp. and two activist hedge funds July 25 may not be the end of the fight but the beginning of a drawn-out legal battle, said the project director of Yale University's center for corporate governance. Read more...


Travelers Shift to Rail as Cost of Fuel Rises

Jun 21, 2008

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Amtrak set records in May, both for the number of passengers it carried and for ticket revenues — all the more remarkable because May is not usually a strong travel month. But the railroad, and its suppliers, have shrunk so much, largely because of financial constraints, that they would have difficulty growing quickly to meet the demand. Read More...


CN to replace 12,000 wheels

Jun 13, 2008

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OTTAWA–The federal government has ordered CN Rail to find and remove potentially faulty wheels from its trains. The board called for the removal of 12,000 wheel sets still in use on some Canadian Pacific Railway, Canadian National Railway and U.S. freight cars. Read more...