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December 10, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • Class I's business flourishes due to healthy U.S. oil sector
    BNSF and Canadian National are among the railroads that continue to gain from a prospering U.S. oil industry. The two Class I's have expanded capacity to handle the rising demand not immediately accommodated by pipelines. "Rail is a more flexible and faster alternative to pipelines and is making it possible for oil and gas producers to ship new production to areas of greatest demand to the benefit of the U.S. economy and domestic energy independence," said Krista York-Woolley, BNSF corporate communications director. U.S. News & World Report (12/7) LinkedInFacebookTwitterEmail this Story
  • UP brings Operation Lifesaver program to city in N.M.
    Law enforcement and fire officials in Alamogordo, N.M., had the chance to board a Union Pacific train and attend an interactive Operation Lifesaver safety class recently. "Our company is committed to educating the public about train safety through many outreach programs," said Joseph Rummel, manager of road operations for UP. "Teaching local authorities is one of the best ways we can reach out to the public." Alamogordo Daily News (N.M.) (12/8) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • FEC acquires 200 new containers for domestic intermodal growth
    Florida East Coast has added 200 new 53-foot intermodal containers to boost the railroad's domestic business and to improve service for customers, the company said. "This acquisition will help accelerate the conversion of FECR trailers to containers in order to provide double-stack transportation service between Jacksonville and Miami," said FEC President and CEO James Hertwig. ProgressiveRailroading.com (12/7) LinkedInFacebookTwitterEmail this Story
  • Amtrak requests funds for flood prevention, redundancy
    Amtrak has asked for $336 million in emergency federal funding after Hurricane Sandy. Money would be used to install high-density signaling systems in four tunnels in New York; rebuild an electrical substation in New Jersey and make it large enough to expand capacity; and conduct design and early construction details for the Gateway Program to "provide permanent and substantial new levels of flood prevention, redundancy and capacity," said Amtrak President and CEO Joe Boardman. TravelPulse (12/9) LinkedInFacebookTwitterEmail this Story
  • Alaska recognizes importance of $272.5M rail project
    A $272.5 million rail line project at Port MacKenzie, Alaska, will be beneficial for the state's economy, said Marc Van Dongen, the port's director. The project recently resumed with construction work as state lawmakers were informed about rail's advantages. "They understand the benefits, the jobs, revenue and economic development available to the state by having a rail line come down to our port," said Van Dongen. AlaskaJournal.com/Alaska Journal of Commerce (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Energy & Environmental Watch 
  • CP enters export coal business through Powder River Basin
    Canadian Pacific is grabbing a share of the growing export coal business due to increasing shipments from the Powder River Basin in the U.S. to Canadian rail terminals, said CP President and CEO Hunter Harrison. "Although I wouldn't have believed this 10 years ago, we are participating in the Powder River Basin coal move today over our line that eventually goes to Prince Rupert," Harrison said. "Is that an aberration? I don't know. But I think there's going to be more export out of Powder River Basin than a lot of us ever dreamed." SNL Financial (free content) (12/7) LinkedInFacebookTwitterEmail this Story
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Top five news stories selected by AAR SmartBrief readers in the past week.

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  SmartQuote 
Alas for those that never sing, But die with all their music in them."
--Oliver Wendell Holmes Sr.,
American physician, writer and poet


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