(Adds defense lawyer saying jury at an impasse in second paragraph, adds context) MONTREAL, Jan 16 (Reuters) - A Canadian judge on Tuesday told jurors to continue deliberations, despite their difficulty in reaching a verdict in the joint trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in…
Posts published in January 2018
(Adds executive remarks from conference call) Jan 18 (Reuters) - Canadian Pacific Railway Ltd said on Thursday it is weighing strategic deals to boost crude-by-rail shipments in 2018, after reporting fourth-quarter profit that beat analysts' estimates. Canada's second-largest railway said it expects revenue growth in the mid single digits this year, boosted by strong global…
LOMBARD, Ill., Jan 17 (Reuters) - Major U.S. railroads on Wednesday warned President Donald Trump of the potential financial and political consequences of scrapping the North American Free Trade Agreement and urged U.S., Mexican, and Canadian officials to find ways to modernize the accord. Trump has threatened to withdraw from the agreement, which is heavily…
(Adds analyst comment, paragraph 6) Jan 19 (Reuters) - Kansas City Southern, a U.S. railroad with extensive operations in Mexico, sought to ease investor fears on Friday over the future of the North American Free Trade Agreement, touting forecasts of solid freight volumes and a stronger economy in 2018. Uncertainty over NAFTA negotiations looms over…
Rail News Home Rail Industry Trends 12/20/2017 Rail News: Rail Industry Trends TransLink mulls late-night SkyTrain service The agency will study how other systems around the globe have managed the introduction of late-night service. Photo – TransLink TransLink plans to study the feasibility of providing late-night SkyTrain service on Fridays and Saturdays.The agency is studying…
Rail News Home Rail Industry Trends 12/18/2017 Rail News: Rail Industry Trends APTA: Public transit ridership fell in third quarter Some agencies attributed the decline to an increase in auto travel and continued low gas prices, according to APTA. Photo – Metropolitan Transportation Authority / Patrick Cashin In the third quarter, U.S. transit ridership slipped…
Rail News Home Rail Industry Trends 12/21/2017 Rail News: Rail Industry Trends Connecticut DOT unveils long-range transportation plan The Connecticut Department of Transportation has released its draft 2018 statewide long-range transportation plan.The plan, which is a federally mandated policy document, outlines strategies and actions for addressing transportation issues and needs in Connecticut. The plan's foundation…
Rail News Home Rail Industry Trends 12/21/2017 Rail News: Rail Industry Trends Transportation groups weigh in on tax-reform legislation passed by Congress Several rail-related trade associations endorsed the tax-reform legislation passed by Congress yesterday.Leaders of the Association of American Railroads (AAR), American Short Line and Regional Railroad Association (ASLRRA), American Association of Port Authorities and…
Rail News Home Rail Industry Trends 12/29/2017 Rail News: Rail Industry Trends Connecticut Gov. Malloy announces grants to boost transit-oriented development Dannel Malloy Photo – portal.ct.gov Connecticut Gov. Dannel Malloy earlier this week announced that 11 projects in towns and cities across the state will receive $15 million to support transit-oriented development (TOD) projects.The funding…
Rail News Home Rail Industry Trends 12/28/2017 Rail News: Rail Industry Trends PANYNJ launches military recruitment effort By 2020, the authority aims to have veterans comprise 5 percent of its workforce. Photo – PANYNJ's Twitter account The Port Authority of New York and New Jersey (PANYNJ) last week launched a new recruitment initiative aimed at…