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Railroad Retirement a Good Investment for Social Security

White House officials and members of Congress looking for a way to invest some Social Security money in the stock market might check out a little-known federal retirement program that covers railroad workers. A portion of the pensions paid by the 70-year-old Railroad Retirement Board comes from a fund that invests in Wall Street. The fund returned 13.3 percent last year and nearly 20 percent in 2003

Tank Car Placards Could be Removed

U.S. federal officials are considering a proposal to remove placards from railroad tankers because some say they advertise hazardous loads to terrorists.

BNSF Railway Contends Newer Contract Valid in IA

The BNSF Railway believes a 1985 contract agreement it made with the city of Burlington, Iowa, supersedes an 1858 contract that is serving as the basis of the city's lawsuit filed against the railroad a year ago.

Amtrak Three Rivers Runs Shorter Course Today

A spokesperson for Amtrak said Friday the Three Rivers route, which runs between Chicago and New York City, is being discontinued.

Texas Intermodal Facility Would Create 3,000 New Jobs

Local and federal officials are predicting a new transportation project in McAllen, Texas, will lower maintenance costs and improve safety for the state

CSXT Conductor Blamed for Fatal Crossing Accident

A fatal rail crossing accident in a Montgomery County, New York, village was caused by a CSX Transportation conductor's mistake, county authorities have concluded.

Metra Asks for Advanced Warning of Dispatcher Walkout

While the accusations flew between BNSF Railway management and its dispatchers union Thursday, both sides agreed it was unlikely a strike similar to the one that halted trains nationwide and snarled the commutes of thousands of Metra passengers a day earlier would recur.

CN Michigan Derailment Destroys Trackside Propane Tank

About 20 cars on a Canadian National freight train derailed Saturday afternoon in rural Shiawassee County, Michigan.

CN Ontario Derailment Cleared, Service Being Restored

A CN Rail freight train derailed near Trenton, Ontario, early Friday morning, closing the main rail line between Toronto and Montreal.

BNSF Threatens Suit Against Montana for Illegal Taxing

A bill that would raise property taxes on Burlington Northern Santa Fe Railway if it doesn't lower Montana freight rates for grain shipping is illegal and would likely lead to a lawsuit if it's passed, the railroad has warned.

CORP Trestle Repair Expected to be Finished this Weekend

Crews working on a damaged Central Oregon & Pacific trestle hoped to have service on the railroad line north of Roseburg, near Winchester, by Saturday morning.

B&ML Asked to Pull out of Belfast, ME; STB Ruling May be Necessary

Despite a last-minute appeal by the Belfast & Moosehead Lake Railroad for leniency, the City Council has voted to terminate the railroad's lease and ordered the line to pack up and leave the waterfront rail yard.

UPRR Changing Process for LA Intermodal

Union Pacific Railroad hopes to cut as many as 500,000 truck trips in the downtown Los Angeles area by changing its process for transferring marine containers to rail cars.

B&ML Enters Into Negotiations with Belfast

The familiar whistle of the Belfast & Moosehead Lake Railroad may sound from the Belfast, Maine, waterfront again this summer, but probably not for very long.

Metra Trains Shut Down by BNSF Strike in Chicago

All Metra trains that share lines with the Burlington-Northern Santa Fe Railroad were temporarily shut down Wednesday afternoon following a dispatcher strike, according to the rail service's Web site.

UPRR Honored for Support of Public High School Principals

Union Pacific will be honored Friday, February 25, 2005 by the National Association of Secondary School Principals (NASSP) for its support of public high school principals.

CN Track Workers Ratify New 4-Year Contract

A group of 2,250 Canadian National Railway track workers has ratified a new four-year labor contract with the company, the United Steelworkers union announced yesterday.

MMA Announces New Appointments to Corp. Positions

Montreal, Maine & Atlantic Railway has appointed Dale Williams assistant vice president Business Development, effective March 1.

UPRR Names Young to Board of Directors

Union Pacific Corporation has announced that James R. Young, president and chief operating officer, Union Pacific Railroad has been elected to the company's board of directors.

MEC 470 Restoration Gaining Momentum in Waterville, ME

Waterville, Maine's plans to restore the MEC 470, 4-6-2, steam locomotive off College Avenue appear set to gather speed, as councilors will vote Tuesday on moving the project along.

CSXT D.C. Haz Mat Ban Opposition Joined by US DOJ

The federal government is joining CSX Transportation in its opposition to District's new ban hazardous rail shipments through the city.

CSXT Determines Cause in Latest Howard St. Tunnel Derailment

Baltimore, Maryland, officials are raising serious concerns about the safety of the CSX Transportation rail line running through the Howard Street Tunnel.

Maryland & Delaware Derailment Destroyed Garage, Dumped Corn

A train derailment early Thursday shut down a local railroad crossing and destroyed a garage south of Newark, Maryland.

NS Shot Down by Prince George, VA for Intermodal Term.

Norfolk Southern Railway Co.'s plans to bring more industry to Prince George, Virginia, have been derailed - for the time being.

FEC Enters Into 5-Year $150M Unsecured Credit Facility

Florida East Coast Industries, Inc. announced that it has entered into a new five-year, $150 million unsecured revolving credit facility, which replaces a $200 million revolving credit facility, which had no outstanding commitments and was set to expire on March 31, 2005.

PA Rail Projects Get Funded by Governor Grants

Pennsylvania Governor Edward G. Rendell announced his approval of more than $3.5 million in grants to five short-line railroads to repair infrastructure damage caused by flooding from Hurricane Ivan.

CN, ONR Enter Into Routing Protocol for Quebec, NE Ontario

Canadian National Railway and Ontario Northland Railway announced today a two-year routing agreement to expedite the transportation of northeastern Ontario and northwestern Quebec freight traffic.

US Rail Corp. Pitches Plan to Take Over Port Switching

A short line rail company is looking into providing rail services to industrial concerns at the Port of Monroe, Michigan.

NS Line Could Fall Under County Control in TN

Tennessee's Anderson County Commission has voted overwhelmingly to back a three-county local railroad authority to keep a rail line open.

UPPR Abandoned Trackage Would be Used to Support New Commuter Rail

A member of the Southeast Denton, Texas, community condemned Denton City Council members at Tuesday night's meeting partly for their unanimous approval of a proposed commuter rail that will travel through the historically black neighborhood.

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