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February 5, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • CSX helped spur volume growth last year at Va. port
    CSX's on-dock rail operations at the Port of Virginia helped the port achieve a 9.8% increase in container volume last year and a 16.8% increase in overall rail containers, according to the Virginia Port Authority. The growth "shows that our effort to market the deepest shipping channels on the East Coast, an expanding rail network, the modern container terminals that we own and operate, and a commitment to customer service and continual improvement is drawing attention -- and business -- to Virginia," said Rodney Oliver, VPA's interim executive director. ProgressiveRailroading.com (2/4) LinkedInFacebookTwitterEmail this Story
  • Rail seen as crucial piece for Tenn. port's global competitiveness
    Freight rail access is important for the Cates Landing port in Tennessee's Lake County, and a proposed expansion would boost the port's competitiveness in the global market, said John Lannom, the port's legal counsel. The estimated $12 million to $15 million expansion includes a 5.5-mile connection to Canadian National's rail line in the area. "We always knew the day would come that we would have to build a rail. That day is here," Lannom said. NWTNToday.com (Union City, Tenn.) (2/4) LinkedInFacebookTwitterEmail this Story
  • Imminent strike averted with tentative deal between ILA, USMX
    An imminent strike at East and Gulf Coast ports has been averted, thanks to a tentative new contract between the International Longshoremen's Association and the U.S. Maritime Alliance. "If the tentative agreement holds, the new labor contract will bring much-needed certainty and predictability to the supply chain for retailers, manufacturers, farmers and other industries that rely on the ports to move the nation's commerce and trade," said Matthew Shay, National Retail Federation president and CEO. American City Business Journals/South Florida (2/4), ProgressiveRailroading.com (2/4) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Rail facility among components of $125M project in La.
    Construction of a unit train facility in Baton Rouge, La., is one component of an estimated $125 million infrastructure project by Genesis Energy, according to the company. "Since there is a barging component and a rail component [the project] would accommodate crude from anywhere domestically," said Bob Deere, Genesis chief financial officer. Construction is scheduled to begin early this year. Platts (2/4) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • Crude-by-rail facility gives competitive advantage to energy firm
    A recently completed rail facility in Delaware City, Del., will provide a competitive edge for PBF Energy's oil shipments, the company said. "The completion of this premier rail facility puts our East Coast refining system at a competitive advantage compared to its Atlantic Basin peers. PBF is now able to deliver significant quantities of cost-advantaged North American crude oils directly to Delaware City at very competitive pricing," said PBF Energy CEO Tom Nimbley. RailwayAge.com (2/4) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • FRA: Total rail incidents down 7.3% in January-November 2012
    The overall number of rail mishaps from January to November 2012 dropped 7.3% year-on-year, according to the Federal Railroad Administration. Train accidents, collisions, derailments, yard accidents and grade crossing incidents also recorded a continuing reduction in the same period, FRA noted. RailwayAge.com (2/4) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Failure changes for the better, success for the worse."
--Seneca the Younger,
Roman philosopher, statesman and playwright


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