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March 11, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Railroads see more business growth opportunities in Mexico
    Freight rail investments in Mexico keep pouring in as rail companies recognize the business boom in the country, particularly in the manufacturing sector. Several Class I railroads, as well as Ferromex, are beefing up multimillion-dollar investments in U.S.-Mexico route upgrades. "The silk route is now for Mexico into the U.S.," said Finley Foster, AlixPartners' managing director. "Railroads and intermodal carriers are enjoying that because it's a time of burgeoning trade flow." Omaha World-Herald (Neb.) (3/10) LinkedInFacebookTwitterEmail this Story
  • Harrison: CP is on the "fast track of change"
    Canadian Pacific is on the "fast track of change" due to its four-year transformation plan, said CP CEO Hunter Harrison. Executive changes are one piece of the railroad's strategy for corporate development, Harrison said. "So we've got a new group that's coming together, that's developed a certain chemistry, and we look forward with that guidance and leadership in taking the company forward," he added. (3/8) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • Transportation budget is trimmed in House resolution
    A continuing resolution measure that would cut $785 million from the U.S. transportation budget has been approved in the House of Representatives as part of a funding resolution for fiscal 2013. The measure goes against funding requirements set forth by MAP-21. The resolution offers more flexibility to military and veterans programs to counter the sequester's automatic cuts. The measure drew criticism in the Senate, which is under pressure to accept the bill in order to prevent a potential government shutdown., D.C. (3/8), Roll Call (free content) (3/4) LinkedInFacebookTwitterEmail this Story
  • Calif.'s $333M transport funding budget includes rail projects
    An estimated $100 million will be allocated for rail projects in California as part of a $333 million funding program to develop the state's transportation network. Among the 91 projects are the Alameda Corridor-East Construction Authority's grade separation plan involving BNSF and Union Pacific's tracks. "Investing in our transportation infrastructure creates a better future for all Californians," said Malcolm Dougherty, state transportation department director. RT&S online (3/8) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • BNSF intermodal venture in Calif. to be eco-friendly
    "The cleanest rail facility in history," according to BNSF CEO Matt Rose, will begin construction later this year. BNSF will invest about $500 million to build the facility near the San Pedro, Calif., port complex. "Expanding near-dock rail service sharpens the competitive edge that makes the Port of Los Angeles a global leader in international goods movement," said Los Angeles Board of Harbor Commissioners President Cindy Miscikowski. Area Development online (3/11) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by AAR SmartBrief readers in the past week.

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  Safety & Security 
  • Iowa track inspector's efforts help uphold rail safety
    Track inspection is an important part of keeping rail operations safe, said Jeff Secora, a track inspector for the Iowa Department of Transportation. Part of a track inspector's job involves the enforcement of federal track-safety guidelines, which contribute to fewer incidents, Secora said. "Derailments are down; injuries are down, hopefully because of some of our efforts," he added. The Globe Gazette (Mason City, Iowa) (3/10) LinkedInFacebookTwitterEmail this Story
The greatest way to live with honor in this world is to be what we pretend to be."
Greek philosopher

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