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December 28, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • AAR: Rail traffic, intermodal post gains in latest week
    Freight carload traffic of U.S. railroads rose 0.9% in the week ending Dec. 22 versus year-ago levels, and intermodal activity climbed 10.2%, according to the Association of American Railroads. Of the 20 carload categories, 15 posted growth led by petroleum shipments, which were up 71.5% compared with the same week last year, AAR noted. Transport Topics (12/28), RailwayAge.com (12/27) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Cleveland port enhances Class I access via $4.5M rail loop
    A $4.5 million rail loop at the Port of Cleveland enhanced the port's rail access to CSX and Norfolk Southern, which improves service for customers, said David Gutheil, the port's vice president of maritime logistics. "When you go to any port in the country, they have much better rail connectivity," Gutheil said. "We have now caught up." The Plain Dealer (Cleveland) (12/27) LinkedInFacebookTwitterEmail this Story
  • DOT: Universities to get $72.5M for transportation research
    U.S. universities will receive $72.5 million in funding next year to form University Transportation Centers for research initiatives. "These transportation centers will be key in addressing today's transportation and infrastructure needs, and help us develop a professional workforce trained to tackle the challenges of the future," said DOT Secretary Ray LaHood. ProgressiveRailroading.com (12/27) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • Rail industry continues to gain from U.S. oil glut
    Rail is continuously becoming a viable alternative for U.S. crude oil shipments as new pipelines encounter several issues, leading companies such as BNSF to invest heavily in their infrastructure. "As long as there are no pipes to replace imported high-cost oil on coasts, rail is the only option," said Brad Olsen, a Tudor, Pickering, Holt & Co. analyst. Railroads are expected to haul an estimated 200,000 oil carloads this year, which is up from 66,000 carloads in 2011, according to the Association of American Railroads. The Wall Street Journal (12/27) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If all misfortunes were laid in one common heap whence everyone must take an equal portion, most people would be contented to take their own and depart."
--Socrates,
Greek philosopher


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