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January 3, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Class I's to gain more business as river shippers pick rail
    Kansas City Southern and Union Pacific are expected to see additional business as shippers along the Mississippi River transfer more cargo from barges to rail. Falling water levels on the river, tight barge capacity and rising freight volume are expected to propel more demand for rail service this month, according to a Jefferies research report. The Journal of Commerce (1/2) LinkedInFacebookTwitterEmail this Story
  • James Young, UP chairman, named 2013 Railroader of the Year
    Union Pacific Chairman James Young becomes Railway Age magazine's 50th recipient of its Railroader of the Year Award. "I am honored to accept the railroader of the year award on behalf of all Union Pacific employees," Young said. "Very few companies have achieved 150 years in business, and the best part about it for Union Pacific is despite all our incredible accomplishments during the past century and a half, we think our best years are still ahead of us." RailwayAge.com (1/2) LinkedInFacebookTwitterEmail this Story
  • Tenn. recognizes economic, job-creating worth of short lines
    Efforts are under way in Tennessee to preserve short-line rail service as local companies are aware of its economic and job benefits. "The efforts to keep the short-line rail are not nostalgic efforts," said Ed Harlan of the state agriculture department. "They are based on solid business and transportation issues." Meanwhile, the recently passed "fiscal cliff" deal extended the 45G short line tax credit until Jan. 1, 2014. WPLN-FM (Nashville, Tenn.) (1/2), RT&S online (1/2) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Manufacturing expansion boosts U.S. economic outlook
    U.S. manufacturing activity shifted from moderate contraction in November to modest expansion in December, brightening the outlook for economic growth in 2013. An Institute for Supply Management index rose from a three-year low of 49.5 in November to 50.7 in December, on a scale in which anything higher than 50 indicates growth. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • FRA: Rail incidents fell 9.6% in first 10 months of 2012
    The overall number of rail incidents dropped 9.6% in the first 10 months of 2012 compared with the same period in 2011, according to the Federal Railroad Administration. Train and yard accidents, collisions, derailments and worker injuries all posted significant declines, FRA reported. RailwayAge.com (1/2) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Well done is better than well said."
--Benjamin Franklin,
American inventor and statesman


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