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Tag Archives: rail

FEDERAL REGULATORS TIGHTEN RAIL-SAFETY ENFORCEMENT

Federal regulators are enforcing rail-safety rules more stringently, issuing more alleged violations against Amtrak and freight carriers amid worries over shipping crude oil and hazardous chemicals, as reported by the Wall Street Journal.

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RAIL MERGER REBUFFED

Norfolk Southern rejected Canadian Pacific’s unsolicited acquisition offer, valued at over $28 billion, saying the tie-up undervalues the company and is unlikely to be cleared by regulators.    

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RAIL DEADLINE APPROACHING

Unable to comply with the looming Dec. 31 deadline for implementing positive train control, railroads are warning customers that they might stop rolling altogether-and soon, unless Congress gives them more time. Positive train control is a GPS-based train control system designed to prevent collisions and over-speed derailments.

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ETHANOL RETURNS TO RAILS

Sinking lease rates, weak crude prices and tough new safety measures for transporting oil by rail have spurred a resurgence in hauling ethanol on the U.S. rail network, as some train companies convert tank cars to carry more corn-based biofuels.

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TANKCAR SAFETY

In a string of recent oil train derailments – including the recent one near Galena – new and sturdier railroad tanker cars being built to carry a rising tide of crude oil across the continent have failed to prevent rupture. Check out the Wall Street Journal article for more.

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SCOTUS on Rail Easements

On March 10 the U.S. Supreme Court issued a favorable ruling strengthening private property rights. In an 8-1 decision, Chief Justice Roberts wrote that the federal government does not retain any property interest in easements (rights-of-way) granted to railroads under the General Railroad Right-of-Way Act of 1875. According to the court, once the railroad abandons… read more

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RAIL WOES HELPING BARGES

As of Nov. 1, year-to-date grain barge tonnages were 13 percent higher than the five-year average and the highest since 2010, according to a recent Agriculture Department report. That rising demand has also affected prices – barge rates for export grain in October averaged 33 to 60 percent higher than the five-year average during that… read more

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FREIGHT WOES

Freight trains aren’t getting food to chickens fast enough, sending prices for soybean meal toward the biggest monthly gain in 40 years.

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RAIL MERGER

The Canadian Pacific Railway (CP) recently approached CSX, the big Florida-based rail line, about a merger that would create a company worth more than $60 billion, people briefed on the matter said on Sunday. The deal has been rebuffed so far, but experts say the merger would give CP access to East Coast refiners who… read more

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RAIL UPDATE

Traders say railway delays continue to plague Canadian grain industry despite 20% smaller production numbers than last year. Meanwhile, CN Railway is blaming missing grain shipment quotas on farmers not selling enough grain to elevators.

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