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January 10, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Railroads emerge as permanent solution for crude oil shipments
    Canadian Pacific's involvement in a five-year crude oil transportation deal with Global Partners and Phillips 66, along with BNSF's skyrocketing shipments of petroleum products, indicate that rail is turning into a full-time option for petroleum shipments. "Rail has proven itself to be a very efficient mode of transport with certainty around delivery," said Eric Slifka, Global Partners president and CEO. Around 400,000 barrels per day were hauled by rail from the Bakken region last year, according to the Association of American Railroads. Financial Post (Canada) (1/9), Progressive Railroading (1/2013), United Press International (1/9) LinkedInFacebookTwitterEmail this Story
  • Intermodal rail to play role in 2013 supply-chain trends
    The rebirth of Mexico's manufacturing industry will turn intermodal rail into a supply-chain trend in the U.S. this year, writes Will O'Shea, 3PD's chief sales and marketing officer. Investments by North American railroads for service improvement will provide customers with cost-efficient and quicker transport options. "Today there are several intermodal corridors available to U.S.-Mexico shippers, making rail transportation a much more viable alternative for cross-border shipping," O'Shea notes. Area Development magazine (1/2013) LinkedInFacebookTwitterEmail this Story
 
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  Infrastructure & Economic Spotlight  
  • Freight shipments rose 1.7% in November
    Freight shipments transported by for-hire carriers, including railroads, increased 1.7% in November compared with October, according to a Transportation Department index, which registered at 108.9. Rail freight recorded significant growth. Transport Topics (1/9) LinkedInFacebookTwitterEmail this Story
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  Energy & Environmental Watch 
  • Report: U.S. oil production reaches highest level since 1993
    The U.S. produced 7.002 million barrels of oil per day in the week that closed Jan. 4, the highest output since March 1993, according to a report from the Department of Energy. Hydraulic fracturing and horizontal drilling played key roles in the production surge. "I don't think anyone expected the magnitude of the change in just one year," said Lipow Oil Associates President Andy Lipow. Bloomberg (1/9) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Luck enters into every contingency. You are a fool if you forget it -- and a greater fool if you count upon it."
--Phyllis Bottome,
British writer


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