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January 29, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • KCS: Rail service to hasten auto shipments from Mexico
    Some automobile manufacturers are shipping their vehicles to the Port of Lázaro Cárdenas in Mexico. Kansas City Southern's service to and from the port help hasten delivery of those shipments because it helps shippers "bypass more congested West Coast ports with a direct route to the population center of Mexico City and a shorter route to Houston," according to the Class I. ProgressiveRailroading.com (1/28) LinkedInFacebookTwitterEmail this Story
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Infrastructure & Economic Spotlight  
  • Class I's offer coast-to-coast advantage for Global Partners
    Global Partners' estimated $95 million deal to acquire an energy plant near Portland, Ore., served by BNSF will allow it to ship crude oil across the U.S. "From our origination hub in the Bakken region of North Dakota, we will now have destination assets on both coasts," said Global Partners President and CEO Eric Slifka. "The Oregon site is linked via BNSF to the Basin Transload facility in Beulah, N.D., while our Albany, N.Y., terminal is connected via single line haul on Canadian Pacific to the Basin Transload location in Columbus, N.D." Boston Herald (1/28), ProgressiveRailroading.com (1/28) LinkedInFacebookTwitterEmail this Story
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  Energy & Environmental Watch 
  • $1.24B retrofit project seeks to test "clean coal" viability
    A $1.24 billion retrofit of the Boundary Dam power plant in Canada could show that clean coal is viable, according to Saskatchewan Power. "Once people hear that the economics are very good, maybe we won't have everybody dash to gas and throw out coal," said Michael Monea, SaskPower's carbon capture and storage department head. "We hope the rest of the world can learn from our plant." Reuters (1/28) LinkedInFacebookTwitterEmail this Story
  • Iowa Pacific's TNMR begins crude-by-rail operations
    Iowa Pacific Holdings' Texas-New Mexico Railroad subsidiary has started to transport crude oil shipments along its estimated 100-mile track network. The company spent about $25 million over the last three years to develop the line. "With our strong record of reinvesting in the rail properties operated by our companies, we are well positioned to support continued growth in moving crude oil by rail," said Iowa Pacific Holdings President Ed Ellis. ProgressiveRailroading.com (1/28) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
I attribute my success to this: I never gave or took any excuse."
--Florence Nightingale,
British social reformer, nurse and statistician


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