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November 16, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • AAR: Rail traffic drops but intermodal up in latest week
    The volume of rail carloads originated by U.S. railroads dropped 5.4% in the week ending Nov. 10 versus year-ago levels, but intermodal rose 1.9% in the same period, according to the Association of American Railroads. Petroleum shipments climbed 45.5% in the latest week, which is the highest gainer among the 12 carload categories that registered growth, AAR noted. RailwayAge.com (11/15) LinkedInFacebookTwitterEmail this Story
  • AAR 2012 fact book now available
    The Association of American Railroads released its 2012 Railroad Facts yesterday, with over 80 pages of information for 2011. The rail industry saw performance improve, capital expenditures rise to $11.6 billion and the workforce increase, according to the fact book. It also has a profile of Amtrak, every Class I and the two largest Mexican railroads. Progressive Railroading (11/2012) LinkedInFacebookTwitterEmail this Story
  • CP secures tentative 5-year labor deal with IBEW workers
    Canadian Pacific has settled on a tentative five-year labor contract with about 450 workers represented by the International Brotherhood of Electrical Workers System Council 11. "The IBEW bargaining committee unanimously endorses this tentative agreement and is recommending the membership ratify it," said Brian Strong, IBEW System Council 11 senior general chairman. RailwayAge.com (11/15), The Journal of Commerce (11/15) LinkedInFacebookTwitterEmail this Story
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  Infrastructure & Economic Spotlight  
  • BTS: Freight TSI rises 0.1% in September year-on-year
    The volume of U.S. freight shipments increased 0.1% in September compared to the same period last year, according to the Bureau of Transportation Statistics' Freight Transportation Services Index. The index increased 0.2% in the same month versus August levels. September "continued a pattern of little change since January as some other indicators showed an uptick in economic growth," BTS noted. Supply Chain Management Review (11/15) LinkedInFacebookTwitterEmail this Story
  • NRF forecasts favorable cargo volume growth in November
    A 5.9% increase in import cargo volume on U.S. ports is projected in November amid the impact of superstorm Sandy, according to the National Retail Federation and Hackett Associates' "Global Port Tracker" report. "Sandy certainly caused major problems that are still being cleaned up, but retailers managed to get their cargo into the country and will have plenty of merchandise on store shelves for the holidays," said Jonathan Gold, NRF vice president for supply chain and customs policy. ProgressiveRailroading.com (11/15) LinkedInFacebookTwitterEmail this Story
  • Completion deadline for $6B Calif. HSR project extended for 1 year
    A one-year extension has been added to the construction schedule for a $6 billion high-speed rail project in California's Central Valley, according to the California High-Speed Rail Authority. Completion of the project is now expected to occur by December 2017. "We are going to get lower bids, save some money and still meet all of our deadlines," said CHSRA CEO Jeff Morales. "It is a good business move." Los Angeles Times (tiered subscription model) (11/16) LinkedInFacebookTwitterEmail this Story
  • Other News
  SmartQuote 
One thing I am convinced more and more is true and that is this: The only way to be truly happy is to make others happy. When you realize that and take advantage of the fact, everything is made perfect."
--William Carlos Williams,
American poet and physician


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