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December 6, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • CSX service for planned facility at Ga. port to create jobs
    Direct service from CSX to a warehouse to be built at the Port of Savannah in Georgia is expected to create about 20 jobs when rail operations begin in April 2013. "CSX is committed to working closely with customers to identify new opportunities, help locate facilities and provide reliable transportation solutions to better connect them to the global supply chain," said Derrick Smith, CSX vice president of emerging markets. Savannah Morning News (Ga.) (free registration) (12/5) LinkedInFacebookTwitterEmail this Story
  • Class I's help Va. expand Amtrak service to reduce road congestion
    Norfolk Southern and CSX have enhanced track in parts of Virginia to help the state expand Amtrak passenger-rail service from the Northeast corridor to Norfolk, Va. "A major goal of the state is to be able to reduce the number of single-occupancy vehicles on the road," said Thelma Drake, director of the Virginia Department of Rail and Public Transportation. "This new service will provide another opportunity for people to get into and out of a very important region of our state." Progressive Railroading (12/2012) LinkedInFacebookTwitterEmail this Story
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  Infrastructure & Economic Spotlight  
  • Geithner is "absolutely" prepared to go over "fiscal cliff"
    If Republicans won't go along with higher tax rates for America's wealthiest 2%, the Obama administration is ready to let the "fiscal cliff" automatically take effect at year's end, Treasury Secretary Timothy Geithner said. "There's very broad support out there for not just extending these tax cuts for 98% of Americans, but for an agreement that has rates going up with tax reforms that limit deductions alongside a set of substantial long-term savings on the spending side," he said. CNBC (12/5) LinkedInFacebookTwitterEmail this Story

  • New intermodal facility at S.C. port to be served by CSX, NS
    CSX and Norfolk Southern will both provide rail service at the Port of Charleston in South Carolina when the state builds a new intermodal yard. This "puts us at the top of the game for competing globally for post-Panamax business. Like water poured on a rock, when the commerce comes, it has to have somewhere to go," said South Carolina Secretary of Commerce Bobby Hitt. (12/5) LinkedInFacebookTwitterEmail this Story
  • RTA reports latest trend in tie production, purchases
    Crosstie purchases dropped 7.7% to 1.8 million units in October year-on-year, but production rose 9.1% to 2.3 million units, according to the Railway Tie Association. In the first 10 months of 2012, purchases climbed 7.5% to 20.3 million units versus year-ago levels, while production surged 14% to 21.7 million units, RTA noted. (12/5) LinkedInFacebookTwitterEmail this Story
  • Other News
  Safety & Security 
To change one's life: Start immediately. Do it flamboyantly. No exceptions."
--William James,
American psychologist and philosopher

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