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March 15, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Rail industry descends on Capitol Hill for Railroad Day
    Railroad industry representatives from freight railroads, labor unions, rail suppliers and manufacturers visited Washington for the annual Railroad Day on Capitol Hill event. The event covered several topics of discussion, including the need for balanced economic regulatory policies for the rail industry, as well as a call to renew the shortline railroad tax credit. "Freight rail is the backbone of our nation's economy, and we need to maintain policies that keep that possible," said AAR President and CEO Edward Hamberger. RailwayAge.com (3/14), ProgressiveRailroading.com (3/14) LinkedInFacebookTwitterEmail this Story
  • TTCI’s Stabler: Quality research, design vital to uphold world-class reputation
    The Transportation Technology Center Inc. is known for its world-class rail research and design programs, and the highest quality work is needed to maintain that status, said TTCI President Lisa Stabler. Under the guidance of the Association of American Railroads, TTCI carries out its objectives at its 52-square-mile facility in Pueblo, Colo. TTCI is dedicated to "getting to the truth in research" to provide innovative results for this "vibrant industry," Stabler said. Progressive Railroading (3/2013) LinkedInFacebookTwitterEmail this Story
  • AAR reports mixed results for carload, intermodal traffic
    U.S. freight rail carload traffic fell 0.9% in the week ending March 9 compared with year-ago figures, but intermodal continued to climb and rose 4%, according to the Association of American Railroads. Crude oil shipments posted the highest growth among the 10 carload categories, up 46.5% in the latest week, AAR said. RailwayAge.com (3/14) LinkedInFacebookTwitterEmail this Story
  • Koraleski overcame challenges of being top exec at UP
    When news of Union Pacific's former CEO Jim Young needing medical treatment was announced, Jack Koraleski assumed the helm of the railroad's management and has been successful in continuing the railroad's business strategies, said Peter Nesvold, Jefferies & Co. analyst. Despite the challenges inherent in abrupt leadership change, Koraleski transitioned seamlessly and built on what Young had started. Meanwhile, Robert Turner, UP senior vice president of corporate relations, was recently named to the Abraham Lincoln Presidential Library Foundation's board in Springfield, Ill. The Wall Street Journal (3/14), Omaha World-Herald (Neb.)/The Associated Press (3/14) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Congress works on tax-code overhaul
    Bipartisan work on a comprehensive overhaul of U.S. tax law got under way in the Senate Finance Committee with Democrats and Republicans agreeing on one issue: The economy would benefit from eliminating tax breaks worth tens of billions of dollars, they said. They disagree, however, on what to do with the money saved. The Washington Post (3/14) LinkedInFacebookTwitterEmail this Story
  • Construction still possible for CN's $5B rail project
    Canadian National's estimated $5 billion track project for iron ore shipments in Quebec, Canada, is expected to move ahead if there's a rebound in commodity markets, said Normand Provost, executive vice president of Caisse de Depot, which is CN's partner on the project. "This project isn't dead," Provost said. "If you believe in the long-term potential of northern Quebec, the railroad is a must. We put it on the shelf temporarily because some companies put their mining projects on ice, but the day that projects will restart, you will need a railroad." Bloomberg (3/14) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • LaHood: Railroads doing "a terrific job" in safety improvement
    America’s railroads "have done a terrific job in improving the safety of their operations," which helped make 2012 the safest year in the industry's history, writes Transportation Secretary Ray LaHood. In partnership with Operation Lifesaver, railroads strive to teach the public, especially children, on rail-safety education. FastLane.DOT.gov (3/14) LinkedInFacebookTwitterEmail this Story
 
  • KCS partners with police in Okla. for safety event
    Kansas City Southern recently joined forces with police in Poteau, Okla., for an "Officer on a Train" event, a program that aims to enforce the law and promote safety along rail crossings. "Working with local law enforcement to raise awareness about the importance of safety at highway-rail grade crossings and the dangers of trespassing on railroad property is simply the best way to make a marked difference in this important public safety matter," said Allen Pepper, KCS public safety director. RT&S online (3/14) LinkedInFacebookTwitterEmail this Story
  AAR News 
  • AAR reports mixed weekly traffic
    AAR reported mixed rail traffic for the week ending March 9, with total U.S. weekly carloads of 276,698 carloads, down 0.9% compared with the same week last year. Intermodal volume for the week totaled 235,174 units, up 4% compared with the same week last year. Total U.S. traffic for the week was 511,872 carloads and intermodal units, up 1.3% compared with the same week last year. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Adventure is not outside man; it is within."
--George Eliot,
British writer


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