U S Railroad News 2010-10-01 07:15:00

09/30/2010: U.S. Transportation Secretary LaHood Announces $235 Million in Recovery Act Dollars for California, North Carolina, Ohio and Maryland High Speed Rail

Rail Traffic Continues to Rise
Seeking Alpha
Total North American rail traffic rose to 692.5k cars last week making it the best week in the past two years. When we combine this with what we are seeing

Ag groups call for rail reform
McPherson Sentinel
The NASDA resolution called for enactment of S.2889, the Surface Transportation Board Reauthorization Act and S.146 and HR 233, the Railroad Antitrust

Railroad group gets stimulus funds to rehab southern tracks
The Adirondack Daily Enterprise
Kennedy said that since the state owns the railroad tracks along the entire Remsen-Lake Placid historic travel corridor the group is confident it will get

DOT issues $50 million rail grant in Vermont [Brotherhood of
WASHINGTON, D.C. — The Department of Transportation issued a $50 million rail grant under the economic stimulus law to upgrade track of a freight short line

U.S. Development Group Begins Operations at Louisiana Crude Oil Rail Terminal
Business Wire (press release)
Served by the Union Pacific Railroad, US Development Group’s St. James terminal has an initial capacity of 65000 barrels a day and is capable of handling

CSX Hikes Quarterly Dividend Rate
Zacks.com
Jacksonville, Florida-based, CSX Corporation’s (CSX – Analyst Report) board of directors approved an 8.0% hike in the company’s quarterly dividend rate.

CN to impose work rules Monday if no labor deal
FOXBusiness
OTTAWA (Reuters) – Canadian National Railway said on Thursday it would impose new work rules on2,700 train engineers and other workers beginning next week ..
Storm leads to Amtrak, commuter rail delays
Washington Examiner
AP Amtrak spokesman Marc Magliari says there have been scattered delays throughout Thursday morning because of high waters and tree limbs falling onto