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November 15, 2012
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Daily news coverage of the railroad industry

  Industry Update 
  • CP donates $1M to help victims recover from Sandy
    Canadian Pacific is donating $1 million to various relief organizations to aid recovery from superstorm Sandy. "On behalf of the men and women of Canadian Pacific, we hope our railroad's contribution will help in the rebuilding effort that continues in the aftermath of this horrific storm," said CP President and CEO Hunter Harrison. RailwayAge.com (11/14) LinkedInFacebookTwitterEmail this Story
  • KCS' Mike Haverty gains recognition for management achievements
    Kansas City Southern Executive Chairman Mike Haverty was awarded the Harry E. Salzberg Memorial Program Medallion from the Syracuse University Whitman School of Management in New York in recognition of his accomplishments in supply chain management. Previous recipients of the award include CSX CEO Michael Ward. RailwayAge.com (11/14) LinkedInFacebookTwitterEmail this Story
  • More shippers see benefits of using Cold Train service
    Shipments of refrigerated products through the Cold Train service showed a significant rise in 2011. For instance, Washington state apple shippers are increasingly using Cold Train due to its quick, economical and cost-efficient service, said Charles Pomianek, Wenatchee Valley Traffic Association manager. "It's way ahead of last year and gaining momentum," Pomianek said. "It's a smaller carbon footprint, more efficient and less fuel." Capital Press Agriculture (Salem, Ore.) (11/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Infrastructure & Economic Spotlight  
  • Buffett downplays concerns on recession due to fiscal cliff
    A recession would be unlikely to occur even when Congress is unable to solve the "fiscal cliff" issue, said Warren Buffett, CEO of Berkshire Hathaway, which owns BNSF. Despite the failure of Congress and the Obama administration to reach a settlement, the U.S. economy will be able to bounce back due to its resilience, Buffett said. "We are not going to permanently cripple ourselves just because 535 people can't get along," he said. CBS MoneyWatch/The Associated Press (11/14) LinkedInFacebookTwitterEmail this Story
  • Minn. to hold public open house for freight rail study
    A public open house will be held in Rochester, Minn., on updates to the Southeastern Minnesota Freight Rail Capacity Study, according to the state transportation department and the Olmsted County Regional Railroad Authority. A proposed relocation of Canadian Pacific's tracks around the city will be discussed to prepare for an anticipated growth of freight and passenger-rail traffic. ProgressiveRailroading.com (11/14) LinkedInFacebookTwitterEmail this Story
  • New drilling fluids facility opens in Class I-served Ohio county
    A drilling-fluids production facility recently opened at the Wellsville Intermodal Industrial Park in Wellsville, Ohio, which is served by CSX and Norfolk Southern. "The Utica Shale reportedly has recoverable reserves of over 940 million barrels of oil and 38 trillion cubic feet of natural gas," said Anchor Drilling President Phil West. "Development of this U.S. energy resource will significantly contribute to long-term economic growth and job creation in Ohio and the region." ProgressiveRailroading.com (11/14) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • PTC implementation makes NTSB's "Most Wanted List"
    High on the National Transportation Safety Board's 2013 "Most Wanted List" is the implementation of positive train control systems. PTC would reduce human error in the operation of trains, according to the NTSB. The Association of American Railroads says that while it is committed to expanding the use of PTC, implementation faces many challenges, adding that the industry is on pace for its safest year. "The mandate and implementation of PTC is an unprecedented undertaking and, despite nearly a decade of research and development, still faces significant hurdles to deployment," said AAR President and CEO Edward Hamberger. ProgressiveRailroading.com (11/15), Politico Pro (subscription required) (11/14) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Keep your fears to yourself but share your courage with others."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist


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