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December 31, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • Class I's help short line unlock growth potential in Iowa city
    Canadian Pacific and Union Pacific's business relations with Iowa Traction Railroad help boost the economic growth and commercial appeal of Mason City, Iowa, said James Mattsen, administrative officer at Progressive Rail, which owns the short line. "Iowa Traction interchanges with the Canadian Pacific and Union Pacific railroads and we have a had a long, successful relationship with both of them," Mattsen said. The Globe Gazette (Mason City, Iowa) (12/29) LinkedInFacebookTwitterEmail this Story
  • Energy firms turning to rail for U.S. oil shipments
    Oil companies are relying more on U.S. railroads to ship petroleum products amid a lack of pipeline capacity and increasing production in energy fields. The companies cite rail’s ability to quickly meet booming demand, since terminals can be built in a matter of months, versus three to five years for pipelines to clear regulatory hurdles and be put into service, according to the North Dakota Pipeline Authority. USA Today/The Associated Press (12/30) LinkedInFacebookTwitterEmail this Story
  • CN, IBEW forge temporary agreement for 700 Canadian workers
    Canadian National recently secured a tentative labor agreement with 700 employees represented by the International Brotherhood of Electrical Workers IBEW System Council 11. The deal involves the renewal of the workers' labor contracts. A ratification vote is expected in January. RTT News (12/28) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Uncertainty rears as no deal yet on "fiscal cliff"
    Federal agencies and government contractors aren't sure what will be cut or how much will be cut if Congress can't figure out how to avert the "fiscal cliff." Military programs will face cuts as will other industries. "It's really hard to plan when you're literally looking a few days out and you don't know what Washington is going to do," said Steven Glass, chief financial officer at the Cleveland Clinic. The Wall Street Journal (12/30) LinkedInFacebookTwitterEmail this Story
  • CSX-, NS-served Va. port marks progress on $169M project
    A $169 million intermodal expansion project at the Port of Virginia moved ahead after the state transportation department reached an agreement with the Navy on the port's Norfolk International Terminals, served by CSX and Norfolk Southern. "Extending this route between Interstate 64 and the port and through the Norfolk Naval Station is one more step my administration is taking to streamline the transportation network into and around the Hampton Roads region," said Gov. Bob McDonnell. (12/28) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • CEAA allots funding for rail project's environmental study
    Cóte-Nord Mining Railway wants to build a 340-mile line in Canada to transport ore products. The Canadian Environmental Assessment Agency has given $91,800 to support public participation in the project's environmental assessment. Canadian National and Caisse de dépót et placement du Québec, joint investors in Cóte-Nord, are working on a feasibility study for the project. (12/28) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by AAR SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of New Year's Day, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
Never tell your resolution beforehand, or it's twice as onerous a duty."
--John Selden,
English jurist and scholar

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