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December 7, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • CSX touts benefits of new facility in Mass.
    A $20 million project that turned an auto terminal into a "state-of-the-art" bulk transfer facility in Westborough, Mass., is expected to provide a score of benefits to the area, as well as to the state's freight transportation network, according to CSX. "The move benefits customers, who have access to a modern, centrally located facility," said CSX spokesman Robert Sullivan. Worcester Business Journal (Mass.) (12/6) LinkedInFacebookTwitterEmail this Story
  • AAR reports latest weekly carload, intermodal results
    The volume of rail carloads originated by U.S. railroads dropped 2% in the week ending Dec. 1 year-on-year, and intermodal declined 1.1%, according to the Association of American Railroads. However, crude oil shipments climbed 65.3% in the latest week, and 14 of the 20 commodity types also posted gains, AAR noted. "Other commodity categories like autos, lumber, and crushed stone, sand, and gravel that are more highly correlated with economic growth have been growing, which we hope is a good sign for the economy moving forward," said John Gray, AAR senior vice president. (12/6), Platts (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Infrastructure & Economic Spotlight  
  • Billions needed to repair Northeast transportation networks
    Rail and other transportation networks in the Northeast that were damaged by Sandy will cost billions of dollars to repair -- and billions more to upgrade to withstand future storms and floods. "Estimates of the damage have reached more than $7 billion," said Sen. Frank Lautenberg, D-N.J. "Across the region, train tunnels, stations and rail yards were flooded, rail tracks were damaged and critical equipment was ruined," he added. "We are facing hundreds of millions of dollars in immediate repair costs and billions more in mitigation and resiliency measures," said Patrick Foye, executive director of the Port Authority of New York and New Jersey. Reuters (12/6), Bloomberg (12/6), Capital New York (12/6) LinkedInFacebookTwitterEmail this Story
  • Lahood urges release of federal funding for Calif. HSR project
    A provision in the $109 billion Map-21 bill is hindering the release of federal funds for California's estimated $98 billion high-speed rail project, said Transportation Secretary Ray LaHood. "We're not going to get $1 as long as there's language in appropriations bills that says there's no federal money that can be spent on California high-speed rail," LaHood said. "That doesn't help us get any more [private] money to the project." GOP leaders on the House Transportation and Infrastructure Committee are not convinced about the project, leading them to question whether taxpayer money spent on the project would be justified, writes Keith Laing. The Hill/Transportation blog (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Energy & Environmental Watch 
  • Purchase agreement for 5 crude-by-rail terminals worth $500M
    A $500 million deal between U.S. Development Group and Plains All American Pipeline means Plains will acquire USD's five crude-by-rail oil terminals. USD will remain the service provider for the pipeline company. "Our technical and service expertise in scheduling, fleet management and railroad operations support complements Plains' extensive network of assets throughout the U.S.," said USD President and CEO Dan Borgen. (12/6) LinkedInFacebookTwitterEmail this Story
You will never find time for anything. If you want time you must make it."
--Charles Buxton,
British brewer, philanthropist, writer and legislator

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