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KCS, TMM Notified of Tax Audit Completion; No Funds Exchanged
Grupo TMM, S.A. and Kansas City Southern announced that TFM, S.A. de C.V. ("TFM") was notified on March 16, 2005, by the Mexican Fiscal Administration Service ("Servicio de Administracion Tributaria" or the "SAT") that it had finished its audit of TFM's 1997 tax returns. Adirondack Scenic RR Kicks Off Fund-Raising EffortFor the cost of a higher-priced Mohawk Valley home, the Adirondack Scenic Railroad can chug along for one more mile. BNSF Minnesota Derailment Sent Cars into Mississippi RiverA half-dozen train cars ended up in the Mississippi River Saturday afternoon after a freight train derailed near the 3M plant in Cottage Grove, Minnesota. UPRR Agrees Urban Area Pact with TXThe State of Texas and Union Pacific Corp. have agreed to work toward moving freight rails out of densely populated areas in an effort to reduce accidents and keep hazardous materials out of major cities, Gov. Rick Perry announced Friday. NS NC Train-Truck Collision Proved Fatal to DriverU.S. Route 17, near Askins, North Carolina, was open to traffic Friday after a deadly truck-train collision Thursday afternoon. NS CEO Received $11.5M in 2005 CompensationThe chief executive at Norfolk Southern Corporation, David Goode, received eleven-point-five million dollars in total compensation last year -- an increase of seven-and-a-half percent. CN Minor Derailment Leads to Push to Slow Speed in MNA derailment Friday near Orr, Minnesota, has given an added push to efforts NS Says Investor Returns Proportionate to Unprecedented GrowthThe ability to respond to unprecedented growth in demand for rail transportation services produced excellent returns for investors, David Goode, chairman and chief executive officer, said in his letter to stockholders in the 2004 annual report of Norfolk Southern Corporation. "When customers needed us at a rate that surpassed all our predictions, our people stepped up and provided service for the business our shippers brought us," Goode said. "Increasing the value of our services to customers enabled us to raise the yield for our business. Adding in our improving productivity and efficiency spelled good results in the bottom line, and our stock value improved." BNSF Begins Major Infrastructure Improvement Project on Thayer SubBNSF Railway Co. began a major infrastructure maintenance program this week, involving track improvements and bridge rehabilitation that will continue through May 27, 2005, on its Springfield Division main line between Thayer, Missouri, and Memphis. The Thayer South Subdivision Capital Maintenance Work Program involves improvements along 111 track miles, including two bridge projects. Approximately 180 BNSF employees will work Monday through Friday from 9 a.m. to 3 p.m. over the scheduled 54 working-day period to complete the project. KCS Operation Reorganization Aims at Removing LayersOn March 15, forty of the more senior operating officials at Kansas City Southern Railroad gathered in Shreveport, Louisiana, to define and finalize the restructuring of the operating department. BNSF Injured Employee Awared $1M from Head-on in 2002A jury has awarded $1 million damages in a personal injury suit filed by a Wyoming man who was seriously hurt in a head-on collision between two coal trains nearly three years ago. CSXT Plant City, FL Derailment Cleared by WednesdayNine railroad cars jumped the track in Plant City Tuesday night about 21:45 EST as a CSX Transportation freight train rumbled across Baker Street, also known as U.S. 92. CN, CPR Want More China Container Traffic OptionsNorth America's West Coast ports and railways are choked by the exponential growth in China imports, but Canadian railways want to move more of these arrivals to the U.S. Midwest and East Coast. West Coast ports are struggling to deliver the deluge of goods during what is usually the low season, with cargo from Asia expected to double by 2020. NCCC Responds to UTU Lawsuit FilingThe following statement was issued today by the National Carriers' Conference Committee in response to a lawsuit filed Tuesday by the United Transportation Union (UTU) in U.S. District Court in East St. Louis, Ill. The statement should be attributed to Robert F. Allen, chairman of the NCCC: "The nation's major freight railroads are disappointed that the UTU has decided to misuse the legal process to raise issues that properly should be addressed at the bargaining table and not in the courtroom. Amtrak Funding Shot Down in Senate VoteAn effort in the Senate to increase federal subsidies for the Amtrak system failed Wednesday. NCCC Files for Mediation after Union Coalition Refuses BargainingThe National Carriers' Conference Committee (NCCC) has filed for mediation after a Teamsters-led union coalition refused to bargain on issues of substance until a detailed set of needless ground rules are resolved. CN Plans on Retaining Rail Service if Strike OccursFreight rail service on Canadian National lines will continue in the event of a possible strike in May by locomotive engineers and signals employees, the railway said Tuesday. PA Ethanol Plant Yanked from Priority ListAn investors' group in Montgomery County, Pennsylvania, that proposed building the East Coast's first ethanol-producing plant on old Atlas Cement land in Northampton has taken the site off its list of top prospects. CSXT D.C. Haz-Mat Ban Preempted by Federal LawThe federal Surface Transportation Board on Monday ruled that a Washington, D.C., ordinance banning the movement of hazardous chemicals within city limits is preempted by federal transportation law intended to protect interstate commerce from a patchwork of local regulations. VIA Rail Gets New President and CEOCanada Transport Minister Jean-C. Lapierre confirmed the appointment of Mr. Paul C RailAmerica Reports Carloading Increases for FebruaryRailAmerica, Inc. reported its freight carloads for the month ended February 28, 2005. CPR Acquires 35 Green Goat Hybrid Switch LocomotivesCanadian Pacific Railway is purchasing 35 Green Goat series hybrid switch locomotives over a four-year period from RailPower Technologies of Vancouver. RailPower Technologies Shares Climb 10% After CPR SalesShares of RailPower Technologies Corp. climbed more than 10 per cent after Canadian Pacific Railway said it will buy 35 hybrid locomotives over a four-year period from the company. NS Participated in Location of 67 New IndustriesNorfolk Southern Corporation participated in the location of 67 new industries and provided support for the expansion of 34 additional industries along its rail lines in 2004. CN Strike or Lock-out Possible by Pair of Unions Despite TalksCN Rail and two of its unions are now in a position to strike or lock-out employees, provided at least 72 hours notice is given. NJT Commuter Funding Gets $15M Federal BoostA long-sought commuter rail link that would help move people through congested southern Passaic and Bergen counties is getting a boost after $15 million in federal funds were approved for the project. NS Intermodal Terminal Decision Expected in AprilMany Prince George County, Virginia, residents are anxiously awaiting the Board of Supervisors' April 12 decision on Norfolk Southern Railway Co.'s proffers for an intermodal facility. CSXT Pompano Beach Bridge Construction to ContinueWork will resume on a high-level railroad bridge over the South Fork of the New River in Pompano Beach, Florida, for at least the next 90 days while Tri-Rail and CSX Transportation try to settle a dispute over design standards that halted construction four months ago. ETR 11-Mile Line Segment Urged for Purchase by CityThough divided in ideas for future use, citizens attending Thursday night's Elizabethton City (Tennessee) Council were united in urging the city government to acquire an 11-mile portion of the East Tennessee Railway (ETR) line from a private rail company. RRVW Appoints New SVP & General ManagerThe Red River Valley & Western has appointed Andrew J. Thompson to the newly created post of senior vice president and general manager of the 517-mile regional railroad, effective March 1. |