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January 24, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • UP, CSX announce 2013 capex budgets
    CSX says it has budgeted $2.3 billion this year to enhance its network and upgrade its fleet. "The continued strong investment in CSX is a clear reflection of our desire to bring lasting transportation solutions to our customers, as well as to enable the inevitable movement of even more freight to rails," said Michael Ward, chairman, president and CEO of CSX. Meanwhile, Union Pacific will invest $3.6 billion in infrastructure replacement, equipment purchases, positive train control and capacity enhancement. ProgressiveRailroading.com (1/24) LinkedInFacebookTwitterEmail this Story
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  Infrastructure & Economic Spotlight  
  • Engineers examine supervision of Calif.'s $68B HSR project
    Professional Engineers in California Government, a union representing state engineers, is questioning the inspection process for the first phase of the state’s $68 billion high-speed rail project. Under bid guidelines, the contractor selected to design and build the initial segment would hire inspectors responsible for checking the work. The union contends that this could lead to conflicts of interest. "We believe that when you have a major public infrastructure project of that nature, that you should have somebody looking out for the public to ensure it is being built safely," said Bruce Blanning, the union's executive director. Meanwhile, California High-Speed Rail Authority officials said the inspection system will be thorough and could "add more inspections at any time -- by independent operators or CalTrans staffers." San Francisco Chronicle/The Associated Press (1/19) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
All news is an exaggeration of life."
--Daniel Schorr,
American journalist


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