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Keyword: railroads

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  • Why Warren Buffett is buying railroads

    04/17/2008 5:58:45 PM PDT · by Lorianne · 14 replies · 147+ views
    CNN Money ^ | 20 March 2008 | Michael Sivy
    Want to invest in a green industry that employs the latest technology, reduces U.S. oil consumption and is priced very attractively? Look no further than the railroads. Laggards for decades after the 19th-century boom ended, they're hot again. "There was steady traffic growth until last year, and the trend looks good once the economy gets back up to speed," says Kenneth Kremar, an economist who follows the railroad industry for consulting firm Global Insight. Perhaps that's why railroad stocks have largely escaped the battering that other sectors have taken so far this year. Of course, their business could still be...
  • Germany to build maglev railway (- Way to go!!)

    09/26/2007 2:06:49 PM PDT · by WesternCulture · 22 replies · 329+ views ^ | 09/25/2007 |
    Germany has come up with the funds to launch its first magnetic levitation - or maglev - rail service. The state of Bavaria is to build the high-speed railway line from Munich city centre to its airport, making it Europe's first commercial track.
  • Scale Back Train to Fix Highways (NM-Richardson's Railroad)

    09/12/2007 8:07:57 AM PDT · by CedarDave · 32 replies · 570+ views
    The Albuquerque Journal ^ | Thursday, September 6, 2007 | Paul Gessing
    The state faces "a perfect storm" as far as paying for transportation infrastructure is concerned... With that in mind, it only makes sense for the state to divert scarce transportation dollars from the proposed Rail Runner extension to Santa Fe and plow those dollars into road construction and maintenance. [While] Rail Runner's projected total cost is $400 million, those costs are not evenly-distributed. Phase I of the project from Belen to Bernalillo, which is now in service, cost $135 million. The Bernalillo-Belen segment of the proposed RailRunner route is approximately 51 miles long— more than half of the system's proposed...
  • (Trains:) Eurostar sets Paris-London record

    09/05/2007 8:25:05 AM PDT · by WesternCulture · 290+ views ^ | 09/04/2007 |
    Eurostar has set a record on its inaugural journey from Paris to London via a new high-speed line in Britain. The train, carrying journalists and VIPs, arrived at St Pancras, instead of Waterloo, for the first time. It took two hours, three minutes, 39 seconds.
  • Congo train crash kills at least 100: government

    08/02/2007 12:54:11 PM PDT · by nuconvert · 7 replies · 464+ views
    Congo train crash kills at least 100: government By Joe Bavier A train crash in a remote part of Democratic Republic of Congo killed at least 100 people and injured more than 200, the central African country's minister of information said on Thursday. "We are still discovering the dead. So right now we are putting the death toll at about 100," Toussaint Tshilombo told Reuters, adding that the cause of the crash was still unknown. "It happened late last night, so we haven't had time to look into how it occurred. But we are sending a team tomorrow, and we...
  • Huge Swiss tunnel opens in Alps (world's longest tunnel "on land")

    06/15/2007 10:09:00 AM PDT · by WesternCulture · 21 replies · 1,219+ views ^ | 06/15/2007 |
    Switzerland has opened the world's longest rail tunnel on land - the 34-kilometre (21-mile) Loetschberg tunnel under the Alps. It will cut the journey time between Germany and Italy by at least a third.
  • Amtrak struggles with late trains

    02/27/2007 1:08:35 PM PST · by libertarianPA · 50 replies · 968+ views
    AP via Yahoo! News ^ | 2/27/07 | SARAH KARUSH
    WASHINGTON - The Capitol Limited, an Amtrak train from Chicago, is scheduled to arrive in Washington every day at 1:30 p.m. But frequent rider Edda Ramos knows better than to make plans for the afternoon or evening. She knows a late arrival — sometimes by an hour or two, sometimes by seven or eight — "is the one thing you can count on." The 764-mile route is among Amtrak's most dismal performers, with just 11 percent of trains arriving within 30 minutes of their scheduled time last year. But the problem exists to one degree or another on the majority...
  • Libertarian targets war, big government

    09/18/2006 11:50:23 AM PDT · by Tolerance Sucks Rocks · 48 replies · 1,083+ views
    New Canaan Advertiser ^ | September 14, 2006 | Maggie Caldwell
    Phil Maymin, the Libertarian candidate in the Fourth Congressional District, doesn’t want voters to flush away their ballots this November, calling a vote for a Democrat or a Republican a “waste.” “If you’re unhappy with the course the country has been taking for the past 10 years, you have to realize that the Democrats and Republicans have made this mess,” he said at a meeting with reporters and editors from Hersam Acorn Newspapers Thursday, September 7. Mr. Maymin, a Greenwich hedge fund manager, is running against Republican incumbent Rep. Christopher Shays, and Diane Farrell, the Democratic challenger. Just added to...
  • Bush nominee's agency shut down fatality probe

    09/06/2006 11:27:46 AM PDT · by Tolerance Sucks Rocks · 378+ views
    WorldNetDaily ^ | September 6, 2006 | Jerome Corsi
    Transportation pick headed highway administration when it investigated rail company President Bush's nominee to replace Norman Mineta as secretary of Transportation, Mary Peters, presided over the Federal Highway Administration when the agency shut down criminal and civil investigations of CSX Transportation regarding fatal railroad-crossing accidents, according to a former employee of the rail company. Dave Nelson alleged to WND that the CSXT investigation was shut down by the Federal Highway Administration while John Snow, formerly CEO of CSXT, was Treasury secretary. Nelson said both Snow and Peters should be asked, "What did you know and when did you know it?"...
  • Planning Another 9/11 - Sources: ‘Enemy Combatant’ Was Plotting New Round of U.S. Attacks

    06/24/2003 5:47:47 PM PDT · by freeperfromnj · 15 replies · 450+ views
    ABC News ^ | June 24, 2003
    June 24— The Qatari man designated an enemy combatant by the Bush administration was planning another Sept. 11 attack, sources told ABCNEWS. Ali Saleh Kahlah Al-Marri, 37, was deemed an enemy combatant by the Bush administration on Monday after officials said he was positively identified by an al Qaeda detainee as being part of a planned second wave of terror attacks on the United States. Government officials said they believed al Qaeda's top leadership sent Al-Marri to the United States to coordinate a new round of attacks. "Al-Marri was sent to the United States as a facilitator for other al...
  • The IL General Assembly: terrorist aides

    01/01/2004 4:25:35 PM PST · by Kuksool · 10 replies · 1,984+ views
    Illinois Leader ^ | December 31, 2003 | JILL STANEK
    Revelations in the Peoria Journal Star earlier this week that the Peoria/Champaign area is one of seven in the United States on a terrorist “circuit” were frightening. “Terrorists enter the United States in San Francisco and Los Angeles, then move to Phoenix, then Denver," reported Phil Luciano of the PJS. "From there some head to Peoria and Champaign. Some terrorists remain in those communities, while others head on to New York City" (emphasis added). Luciano was provided this information by Peoria County Sheriff Mike McCoy, who received it at a recent FBI conference held in Springfield. Names of larger cities...
  • The New World Disorder: $491 million NAFTA rail deal

    08/21/2006 8:56:28 AM PDT · by Tolerance Sucks Rocks · 13 replies · 1,595+ views
    WorldNetDaily ^ | August 21, 2006 | Jerome Corsi, Ph.D.
    A $491 million public-financing deal promoted by Florida Gov. Jeb Bush as a boon to commuters actually paves the way for shipping more cheap goods from China to the North American marketplace, charges a whistleblower. Ex-CSX Transportation employee Dave Nelson told WND the deal in Florida amounts to providing CSXT with a public subsidy. Money from the public purse will position the railroad company as a major freight carrier throughout Florida, transporting cargo containers filled with cheap goods coming into the NAFTA marketplace from China. CSXT is positioned to receive millions in the deal. Under the terms of the agreement,...

    07/16/2006 9:34:47 AM PDT · by hedgetrimmer · 15 replies · 538+ views
    The Eureka Reporter ^ | 7/12/2006 | Nathan Rushton
    Can the Port of Humboldt Bay be a participant in the new “Silk Road” as experts predict West Coast shipping trade traffic with China will triple by 2020? It could happen with the help of the Port of Oakland, which is setting the stage for a agreement with its northerly neighbor to begin an formal relationship in the upcoming months with the Humboldt Bay Harbor, Recreation and Conservation District. But actual container shipping between Oakland and Humboldt's deep-water port couldn’t happen any sooner than 2011, according to Port of Oakland Maritime Director Wilson Lacy, who presented an overview of the...
  • Doing jobs Americans won't do. Vanity

    04/13/2006 4:11:07 AM PDT · by stopem · 27 replies · 966+ views
    CNN Lou Dobbs ^ | April 12, 2006
    The illegal invaders are threatening our Ports on May 1. Go here to read the transcript: CASEY WIAN, CNN CORRESPONDENT (voice over): They've already marched in the streets. Now supporters of unconditional amnesty for illegal aliens are taking their protests to a whole new level, trying to shut down the nation's ports and rail lines. ERNESTO NEVAREZ, L.A. PORT COLLECTIVE: It will come to a grinding halt, transportation, commerce. They are going to put a wall along the border with Mexico. We're going to put a wall between us and the ocean. And those containers ain't going to move....
  • Senate appropriators fudge truth to spend big bucks

    04/05/2006 9:44:24 PM PDT · by FreedomCalls · 9 replies · 463+ views ^ | Apr 5 2006 05:42 PM | Tim Chapman
    This morning we learned that Senator Trent Lott was "tired of hearing from" the "so-called porkbusters." What was Lott defending that he was so insistent about? Lott, and other lawmakers from the Mississippi delegation are using a Senate "emergency" supplemental spending bill to fund a massive $700 million new rail line along the gulf coast of their state. Nevermind the fact that this is supposed to be "emergency" funding. And nevermind the fact that $300 million was just spent to repair an already existing line adjacent to where they want to build the new one. The Senate appropriators claim that...
  • Tunica-Memphis monorail to be studied

    03/30/2006 10:11:46 AM PST · by Willie Green · 14 replies · 575+ views
    For education and discussion only. Not for commercial use. Mid-South gamblers may be able to knock back a few more drinks in Tunica, and then take the train home. The Mississippi Legislature Monday approved a transportation bill that includes $500,000 for a feasibility study of a monorail network that would link casinos to one another as well as connect to the Tunica Airport and Southaven. The light rail line could even reach into Shelby County, connecting to the proposed Memphis rail system that is to link Midtown with Memphis International Airport. The bill is now on the desk of Mississippi...
  • Officials explore idea of super fast rail link between Atlanta, Chattanooga

    01/09/2006 1:01:16 PM PST · by Willie Green · 80 replies · 1,064+ views
    For education and discussion only. Not for commercial use.The Georgia Department of Transportation plans to hire a firm to conduct a study that could determine the fate of a proposed rail link between Atlanta and Chattanooga. State officials say the proposed super-fast, magnetic levitation rail line could cost upwards of $4 billion to build. That's about twice as much as the state spends each year on all road and highway projects. The idea to link the two cities with the so-called maglev rail began in the late 1990s. That's when the US Congress began exploring the the technology in which...
  • Murtha announces funding for initiatives

    11/26/2005 10:23:27 AM PST · by Willie Green · 14 replies · 1,681+ views
    For education and discussion only. Not for commercial use. U.S. Rep. John P. Murtha (D-Johnstown) has announced that the House of Representatives and the Senate last week passed legislation that includes funding for important road improvements and other transit projects, as well as community initiatives, in Fayette, Greene and Washington counties. The bill is awaiting the president's signature. Included in the fiscal year 2006 Transportation, Treasury, Housing and Urban Development, and Judiciary spending bill are the following projects: Fayette Area Coordinated Transportation - bus replacements and renovation of the Uniontown transfer station, $1.5 million Waynesburg College Center for Economic Development...
  • Maglev train gets a boost from Congress

    11/17/2005 6:50:57 AM PST · by Willie Green · 21 replies · 5,284+ views
    Inland Valley Daily Bulletin ^ | 11/17/2005 | Chuck Mueller, Staff Writer
    For education and discussion only. Not for commercial use. VICTORVILLE - With high gasoline prices forcing Inland Empire commuters to reshuffle their budgets, many are expected to welcome the concept of a super speed train propelled by electromagnets., Congress has authorized spending $45 million for maglev in the current federal transportation bill, said Bruce Aguilera, chairman of a bi-state commission overseeing the $12 billion project. Visionaries say the proposed maglev train eventually may whisk passengers the 269 miles between Anaheim and Las Vegas in 86 minutes. Under the maglev system, short for magnetic levitation, trains propelled by electromagnets would zip...
  • Siemens to build 60 high-speed trains for China

    11/14/2005 1:15:11 PM PST · by Willie Green · 34 replies · 637+ views
    For education and discussion only. Not for commercial use. SHANGHAI, Nov. 14 (Xinhuanet) -- Germany's Siemens AG announced that it has got a contract to work with a Chinese partner in supplying 60 high-speed trains for China. "In the next 15 years, China will lay 12,000-km-long rail trackfor passenger trains. The signing of the deal marks another step of Siemens' market success in China," said Klaus Kleinfeld, chief executive of Siemens, in Shanghai on Saturday. The high-speed trains, named CRH3, will travel at a speed of 300 kilometers per hour. They will be first put into operation on the Beijing-Tianjin...