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February 27, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • Crude-by-rail is "a major growth market," says study
    Petroleum and petroleum products are proving to be "a major growth market for North American railroads" as tight pipeline capacity has led to an increasing demand for rail service, according to a study by PIRA Energy Group. " The report was created to provide "a better understanding of the many specific logistical challenges that are raising key questions around the movement of crude from field to refinery," said PIRA consultants. Oil & Gas Journal (2/26) LinkedInFacebookTwitterEmail this Story
  • Canadian railroads encouraged to create, develop rail car technology
    Canada's enactment of the "Railway Freight Car Inspection and Safety Rule" could promote the creation and development of rail car technologies, writes Jeff Stagl. "The approved rule is a revision and update of the existing rule that was last issued in 1994, and since then several changes have taken place in the railway industry and the rule had to be revised to reflect those changes," said Marcel Cedilotte, Railway Association of Canada's mechanical services director. Progressive Railroading (2/2013) LinkedInFacebookTwitterEmail this Story
Getting Paid: How to Get Customers to Pay Up
Dealing with the money isn't fun, but it's a necessary evil for staying in business. While every business has their ups and downs, the key to positive cash flow is collecting payments in full and on time to keep the cash coming in as predictably as possible. Seem impossible? Learn how these small-business owners did it.

  Infrastructure & Economic Spotlight  
  • Decline in January durable goods orders not all bad news
    Core capital goods orders in January were 6.3% above the December level, which indicates that "companies are willing to expand production capacity." However, orders for commercial aircraft were down significantly, and that brought overall durable goods orders in January down by 5.2% from December orders, the "first decline since August." USA Today/The Associated Press (2/27) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • Class I's, Watco to participate in STB's rail energy meeting
    Representatives from BNSF, CSX, Kansas City Southern, Norfolk Southern, Union Pacific and Watco Cos. are expected to be present during the Surface Transportation Board's Rail Energy Transportation Advisory Committee meeting on March 14. The gathering aims "to continue discussions regarding issues such as rail performance, capacity constraints, infrastructure planning and development, and effective coordination among suppliers, carriers and users of energy resources," STB said. SNL Financial (free content) (2/25) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • Operation Lifesaver promotes FTA grants for rail-safety education
    Operation Lifesaver is partnering with the Federal Transit Administration to select recipients of grants for passenger-rail and transit-safety initiatives. "These FTA-funded grant projects help our state programs work with local transit agencies and government organizations to make a difference in rail safety in their communities," said OLI President and CEO Joyce Rose. ProgressiveRailroading.com (2/26) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If you want to truly understand something, try to change it."
--Kurt Lewin,
German-American psychologist


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