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November 8, 2012
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Daily news coverage of the railroad industry

  Industry Update 
 
  • CN: Canadian lumber exports seen to rise with global demand
    A projected increase in Canadian lumber exports is expected to be driven by a rising demand in the global market, said Canadian National CEO Claude Mongeau. "Asian traffic has good growth potential. At the same time, we might just see the U.S. housing starts give some benefit and some boost to growth in parallel," Mongeau said. The Globe and Mail (Toronto) (tiered subscription model) (11/7) LinkedInFacebookTwitterEmail this Story
  • NS making progress on sustainability programs
    Norfolk Southern released its fifth annual corporate sustainability report, which highlights the railroad's sustainability achievements. "In five years, we've made a good start. We pledge our long-term commitment to corporate responsibility in sustainability practices and to the principle that environmental stewardship is essential to Norfolk Southern's business success," said NS CEO Wick Moorman. RT&S online (11/7) LinkedInFacebookTwitterEmail this Story
  • Other News
Making the Case for Infrastructure Investment
When complete, the Tower 55 Surface Improvements Project will increase rail capacity by an estimated 30 percent, relieve freight congestion and improve livability in the Fort Worth area. Learn how HDR is helping BNSF and UP deliver estimated public benefits of $27.50 per $1 of federal investment, including securing a $34 million TIGER grant.
  Infrastructure & Economic Spotlight  
  • U.S. lawmakers turn to threat of "fiscal cliff"
    With the question of who will be president answered, the U.S. must now confront the "fiscal cliff" of tax hikes and spending cuts that economists say could return the economy to decline. Speaker of the House John Boehner, R-Ohio, gave a speech on Capitol Hill that struck a conciliatory tone but seemed to flatly reject any compromise that included an increase in taxes. CNN (11/8), The Washington Post (11/7), The Hill/Hill Tube (11/7) LinkedInFacebookTwitterEmail this Story
  • RTA reports latest trend in crosstie production, purchases
    The volume of crosstie purchases dropped 34% to 1.9 million units in September year-on-year, but crosstie production rose 19% to 2.1 million units in the same period, according to the Railway Tie Association. In the first nine months of the year, production climbed 15% to 19.4 million units, while purchases were up 10% to 18.5 million units, RTA noted. ProgressiveRailroading.com (11/7) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • Coal production up in Ill. thanks to rail capacity
    The Illinois Basin produced 64.4 million tons of coal during the first half of this year, new mines in the area boosted their production, and high production should continue for the next five years. In part, this is because of "excellent infrastructure" and rail capacity in the area that makes it easier to move Illinois coal to Gulf of Mexico ports. SNL Financial (free content) (11/7) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Leave other people's mistakes where they lie."
--Marcus Aurelius,
Roman emperor


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