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January 28, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Class I's lead rail renaissance in the U.S.
    BNSF and Union Pacific are among the Class I railroads leading freight rail's resurgence, writes Gordon Dickson. The railroads are boosting their investments in infrastructure and equipment to meet demand from a diverse set of customers. "Several different market forces have come along and made rail make more sense, including the cost of trucking and congestion on roadways," said Curtis Morgan, a multimodal freight program manager at the Texas A&M Transportation Institute. Fort Worth Star-Telegram (Texas) (1/27) LinkedInFacebookTwitterEmail this Story
  • UP works on $13.2M infrastructure development in Ore.
    Union Pacific will spend $13.2 million to develop a rail line in Oregon between Troutdale and The Dalles. "In addition to helping move customers' goods more safely and efficiently, our investments support communities by reducing traffic congestion, facilitating industrial development and promoting economic expansion," said Scott Moore, UP vice president public affairs for the western region. RT&S online (1/25) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Businesses may get an added incentive for hiring vets
    A Senate bill would expand a tax credit for hiring veterans and streamline the certification process. Employers could claim a $2,400 tax credit for hiring veterans who were discharged in the previous five years. "Our veterans are intelligent, qualified and proven leaders, and this is our chance to fight for them on the home front," said Sens. Max Baucus and Jon Tester, both Montana Democrats, who authored the bill. Accounting Today (1/25), The Hill/On the Money blog (1/25) LinkedInFacebookTwitterEmail this Story
  • Delay in land purchases could up cost for Calif.'s $68B HSR
    California is late to begin purchasing land for its $68 billion high-speed rail project, and the delay could push up costs, according to this article. About 400 parcels of land are needed for the initial segment, a 29-mile stretch between Fresno and Madera. The state hopes that formal offers, which "will start an eminent domain action," can be made in the next several weeks. Construction of the initial segment is set to begin in July. Los Angeles Times (tiered subscription model) (1/27) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by AAR SmartBrief readers in the past week.

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  Safety & Security 
  • CSX recruits new ambassador for rail-safety campaign
    CSX is partnering with David Ragan to boost the Class I's safety campaign. Ragan is the driver of the No. 34 Ford Fusion for Front Row Motorsports, for the 2013 NASCAR Sprint Cup Series. "It's important for all of us to be safe around railroad crossings and tracks," Ragan said. "I'm glad CSX is bringing this issue to the forefront of the NASCAR fan base and I'm honored to champion their message." Tireball (1/25) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If fate means you to lose, give him a good fight anyhow."
--William McFee,
British-American writer


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