| Daily news coverage of the railroad industry |  |
| Industry Update |  |  |
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- CSX, NS enhancing networks to accommodate more intermodal
CSX and Norfolk Southern are at work making yards bigger and enhancing bridges and tunnels to have room for more cars that haul intermodal containers. Railroads say intermodal shipping is quicker and more efficient. In addition, it can save 15% to 20% off shipping by truck alone, which is "a meaningful difference," says Kevin Sterling, an analyst at BB&T Capital Markets. "The pie is so big we can all have a nice big slice and enjoy ourselves," says CSX CEO Michael Ward. "That’s why you are seeing us expanding terminals, as is Norfolk Southern.” Bloomberg Businessweek
(8/16)     
- Traffic at L.A. ports; corridor preservation in Wash.
July saw mixed trends for container traffic at Los Angeles-area ports. Overall container volume fell 8.8% at the Port of Long Beach, Calif., in comparison with July 2011, and was down 5.5% for the first seven months of 2012. However, container volume was up 5.5% at the Port of Los Angeles for July, and up 6.3% for the year through July. Farther north, the Port of Seattle agreed to sell certain tracts of the Eastside Rail Corridor to King County, the latest move in a partnership to preserve the Corridor that the two parties began in 2007. ProgressiveRailroading.com
(8/16)
- RailAmerica says it won't export coal from Northwest port
RailAmerica will not be exporting coal from Washington state, a move that is "purely a business decision," says Paul Queary, a company spokesman. He said that other shipping opportunities could happen more quickly than what the company had planned for coal. Genesee & Wyoming is in the process of acquiring RailAmerica for $1.39 billion. Bloomberg Businessweek
(8/15)
| Infrastructure & Economic Spotlight | | |
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- Texas wants to allow 97,000-pound trucks on Interstates
An expected surge in freight shipments due to a widened Panama Canal is prompting Texas officials to seek federal permits for 97,000-pound trucks on Interstate roads. However, the expansion isn't likely to create a considerable spike in Gulf Coast shipments, according to BNSF. Shipments originating from the West Coast would still reach their destination faster by rail, the railroad said. Fort Worth Star-Telegram (Texas)
(8/15)
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