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November 21, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • CN: CP's exit from some markets leads to business growth
    Canadian Pacific's decision not to pursue further business in Milwaukee and on its route from Detroit to Vancouver, British Columbia, is providing a boost for Canadian National's growth, said Jean-Jacques Ruest, CN chief marketing officer. "The thing that they've decided to do less of, we still do very well. So we've picked up some business that seems to be no longer attractive to them," he said. Reuters (11/20) LinkedInFacebookTwitterEmail this Story
  • KCSM looks to expand as global firms move to Mexico
    As companies look to Mexico to set up shop, Kansas City Southern de México S.A. de C.V. is planning how best to serve more Mexican industrial parks. "To increase the odds that global manufacturers locate on land served by KCS, we are working closely with the Mexican Association of Industrial Parks," said KCSM official David Eaton. ProgressiveRailroading.com (11/21) LinkedInFacebookTwitterEmail this Story
  • Other News
  Infrastructure & Economic Spotlight  
  • U.S. deficit is decreasing at record speed
    During the past three years, the U.S. government's deficit measured as a percentage of gross domestic product has declined at the fastest rate since World War II, according to the Office of Management and Budget. The Center on Budget and Policy Priorities calculates that, not counting budget cuts scheduled to take effect Jan. 1, nondefense discretionary spending is on track to reach 2.7% of GDP, well below a 30-year average of 3.9%. Investor's Business Daily/Capital Hill blog (11/20) LinkedInFacebookTwitterEmail this Story
  • Rail containers in Va. port rose 8.2% in October
    The Port of Virginia handled more rail containers in October than it did in October 2011 -- up 8.2%. In the first 10 months of 2012, total rail container volume increased 14.3% compared to the same period last year. Meanwhile, the Ports of Los Angeles and Long Beach in California also recorded volume growth last month. ProgressiveRailroading.com (11/20) LinkedInFacebookTwitterEmail this Story
  • Calif. awards $352M manufacturing contract for HSR cars
    The California Department of Transportation awarded a $352 million deal to Sumitomo Corp. of America and Nippon Sharyo to manufacture 130 rail cars for high-speed rail systems in the state and in the Midwest, said Illinois Gov. Pat Quinn. The cars will be built in Rochelle, Ill. "Our Buy America requirement ensures that rail projects -- from trains and tracks to new stations -- are built with American hands and with American-made parts and supplies," writes Transportation Secretary Ray LaHood. "And right now, railway suppliers have locations in 49 states and D.C. -- creating good-paying jobs across the country." RailwayAge.com (11/20), FastLane.DOT.gov (11/20) LinkedInFacebookTwitterEmail this Story
  • Other News
  Energy & Environmental Watch 
  • Alaska coal plant's reopening makes progress with court ruling
    The proposed reactivation of the $300 million Healy Clean Coal Plant in Alaska moved closer to reality after a federal judge approved a deal among the state, Golden Valley Electric Association and federal regulators. "This is a significant milestone in restarting HCCP," said GVEA interim President and CEO Cory Borgeson. "We are excited to be finally moving forward in getting the Healy Clean Coal Plant online in order to be able to provide Interior Alaskans with a reliable long-term lower cost power supply." Fairbanks Daily News-Miner (Alaska) (11/19) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  Editor's Note 
  • SmartBrief will not publish Thursday and Friday
    In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday and Friday. Publication will resume Monday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If the only prayer you said in your whole life was 'thank you,' that would suffice."
--Meister Eckhart,
German theologian and philosopher


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