STB chairman critical of Wall Street influence on railroads, questions need for mergers

A Union Pacific train heads west out of downtown Chicago through Metra’s Kedzie station. The chairman of the Surface Transportation Board is expressing concern about railroading changes brought by Wall Street, but UP says it has demonstrated its ability to perform in the current environment. (Trains: David Lassen) View article in its entirety at the Trains.com. — … Continue reading STB chairman critical of Wall Street influence on railroads, questions need for mergers

Bridge partially collapses near Phoenix in wake of massive fire and train derailment

View article in its entirety at NBC News. — By: David K. Li and Liza Torres Tempe firefighters, paramedics and police rushed to a rail bridge over Tempe Town Lake, following the 6:15 a.m. MT derailment which sent smoke plumes visible for miles. The bridge were the accident happened had recently been inspected, on July … Continue reading Bridge partially collapses near Phoenix in wake of massive fire and train derailment