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February 13, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Calif. rail plan highlights Class I development programs
    U.S. Class I railroads' projects worth $15 billion are among the highlights of a preliminary California State Rail Plan, according to Caltrans, the state transportation agency. The plan said the railroads' investments in "maintenance, capacity expansion, locomotives, and rolling stock" are essential to California's economy. The report also stressed the "critical role" of freight railroads to state shippers and the U.S. rail system. RailwayAge.com (2/12) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Analysis: U.S. cuts deficit without facing long-term problem
    The U.S. is cutting its budget deficit, but Congress' inability to control spending on entitlements means public debt will increase to 87% of gross domestic product by 2023, up from 73%, according to The Economist. "Cutting discretionary spending is politically appealing because it arouses less anger than cutting entitlements or raising taxes, and because the specifics are left to congressional negotiators each year," the magazine notes. "Yet it is hardly ideal for the economy." The Economist (tiered subscription model) (2/9) LinkedInFacebookTwitterEmail this Story
  • $6.9B XpressWest HSR project awaits loan approval
    The $6.9 billion XpressWest high-speed rail project between Victorville, Calif., and Las Vegas is awaiting approval of a $5.5 billion federal loan request before construction begins, according to XpressWest COO Andrew Mack. The group applied for a loan in December 2010 and there's an average 19-month completion time for Railroad Rehabilitation and Improvement Financing loan applications, added Mack. If approved, construction could start within a year. The project would take five years to finish. VegasInc.com (Las Vegas) (2/12) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • CSX helps company cut emissions by 20%, save money
    CSX's intermodal rail helped Ocean Spray reduce its transportation-related carbon emissions by 20% and save on transportation expenses. Ocean Spray "identified a road-rail intermodal opportunity from the East Coast distribution center" and chose CSX as a viable transportation alternative, according to a Massachusetts Institute of Technology study. The joint venture showed the environmental and economic benefits of converting more truckloads to intermodal rail, the study noted. TriplePundit.com (2/12) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Every individual has a place to fill in the world and is important in some respect whether he chooses to be so or not."
--Nathaniel Hawthorne,
American author


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