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January 7, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • NS helped spur $2.1B in industrial investment in 2012
    Norfolk Southern's U.S. rail network played an important role "in the location of 64 new industries and the expansion of 30 existing industries" last year, as its customers invested $2.1 billion, according to NS. Eventually, that investment will create "more than 6,100 jobs in the railroad's territory, in future years potentially generating more than 141,000 carloads of new rail traffic annually," NS said. RailwayAge.com (1/4) LinkedInFacebookTwitterEmail this Story
  • UP: Rail industry is a "barometer of economic activity"
    Union Pacific recently went to Santa Teresa, N.M., to mark the final phase of a $400 million project. In an interview about the project, UP Senior Vice President of Corporate Relations Bob Turner discussed the rail industry as "a barometer of economic activity." Meanwhile, UP celebrated its 150th anniversary last year, and the event put special focus on UP employees, a critical factor in the railroad's success, said UP President and CEO Jack Koraleski. "After 150 years, we're at the top of our game," he said. "Not many companies make it to 150 years and, after 150, we're having the best year in our history." El Paso Inc. (Texas) (1/6), Star-Herald (Scottsbluff, Neb.) (1/3) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  • NAFTA trade value in October reached $85.3B, says DOT
    The value of surface trade among the U.S., Canada and Mexico reached $85.3 billion in October 2012, up 7.9% year-on-year, according to the Transportation Department. This is also 9.8% higher than September 2012 levels. Rail exports rose 6.8% to $5.4 billion, and imports climbed 7.9% to $9.5 billion, DOT noted. Transport Topics (1/4) LinkedInFacebookTwitterEmail this Story
  • U.S. economy on steady but uninspiring course
    The picture of the U.S. economy that's emerging at this late date in the recovery is one of 2% annual growth in both gross domestic product and wages, and not enough job growth to make much progress on those fronts. This is the new normal for at least the first half of the year, economists predict, but the second half might see some improvement. MarketWatch (1/6) LinkedInFacebookTwitterEmail this Story
  Energy & Environmental Watch 
  • Team works to enhance battery life for NS locomotive
    In 2008, Norfolk Southern and researchers at Pennsylvania State University created a battery-powered locomotive to help reduce emissions and to test battery technologies. Now, the researchers are looking at ways to extend battery life, including finding a solution to sulfation, which causes a battery to be worn out due to charging and discharging it often. ProgressiveRailroading.com (1/4) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

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

  • Results based on number of times each story was clicked by readers.
  SmartQuote 
If money be not thy servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him."
--Francis Bacon,
British author and statesman


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