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December 11, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • CSX expands list of certified "Select Sites"
    CSX recently included Belfast Commerce Centre in Georgia's Bryan County among its recipients of the "Select Site" certification. "The Select Site certification provides certainty for companies seeking industrial property for manufacturing operations, and allows for increased speed to market and reduced development risk," said Clark Robertson, CSX assistant vice president of regional development. (12/10) LinkedInFacebookTwitterEmail this Story
  • CN's Mongeau renews push against new Canadian rail legislation
    Legislation that would target rail service improvement in Canada would have detrimental effects on the supply chain as railroads such as Canadian National and Canadian Pacific serve diverse networks, said CN CEO Claude Mongeau. "Such an approach would send mixed signals to customers and suppliers around the world about the government's approach to commercial markets for rail transportation in Canada," Mongeau said. The government was expected to announce its intentions today. Reuters (12/10), (Canada) (12/10) LinkedInFacebookTwitterEmail this Story
  • CP's Jane O'Hagan among "Top 100 Most Powerful Women" in Canada
    Jane O'Hagan, Canadian Pacific's executive vice president and chief marketing officer, gained recognition by being included in the Women Executive Network's list of "Top 100 Most Powerful Women" for 2012 in Canada. "Jane is a high-performance professional who plays a critical role in leading CP into the future," said CP President and CEO Hunter Harrison. "She is well respected by all of her colleagues and customers alike." (12/10) LinkedInFacebookTwitterEmail this Story
  • Other News
  Infrastructure & Economic Spotlight  
  • Rail industry remains in slow-growth mode
    The rail industry is hearing -- still -- the "sound of slow-growth music, and it'll fill the air for the foreseeable future," writes Pat Foran. Growth will likely be led by domestic intermodal and crude-by-rail shipments. However, an anticipated decline in rail car orders next year indicates that "we are still in the early stages of economic recovery." Progressive Railroading (12/2012), Progressive Railroading (12/2012) LinkedInFacebookTwitterEmail this Story
  • House GOP to discuss privatization of Amtrak's NEC corridor
    A proposal to privatize Amtrak's operations in the Northeast Corridor and federal subsidies for the passenger line will be the main topics at a House Transportation and Infrastructure Committee hearing on Thursday. Record-high ridership and wider political support due to President Barack Obama's reelection could help prevent budget cuts, according to Amtrak proponents. The Hill/Transportation blog (12/10) LinkedInFacebookTwitterEmail this Story
  • Construction of $1B Fla. rail service to start next year
    Construction of Florida East Coast Industries' $1 billion "All Aboard Florida" passenger rail service between Miami and Orlando is scheduled begin next year and take two years to complete, according to the company. An estimated 1,200 construction jobs will be created by the project, which will be funded by private dollars, FECI said. "We wouldn't be doing this if we didn't think it was viable," said Husein Cumber, FECI executive vice president of corporate development. Orlando Sentinel (Fla.) (12/10) LinkedInFacebookTwitterEmail this Story
  • Other News
  Energy & Environmental Watch 
  • Railroads continue to move oil in record amounts
    Pipeline networks in North Dakota and Texas are still unable to handle those states' rapidly increasing oil production. Railroads, including BNSF, have stepped up to provide service in North Dakota, where crude-by-rail shipments will continue "for at least the next three to five years," said Andy Lipow, Lipow Oil Associates president. Class I's are projected to transport more than 200,000 petroleum shipments this year, according to the Association of American Railroads. Fort Worth Star-Telegram (Texas) (12/10), Bloomberg (12/10) LinkedInFacebookTwitterEmail this Story
Put a grain of boldness into everything you do."
--Baltasar Gracián,
Spanish writer

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