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January 8, 2013
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Daily news coverage of the railroad industry

  Industry Update 
  • BNSF to invest millions to carry more crude oil
    Burlington Northern Santa Fe will invest "a couple hundred million dollars" to enhance the Class I's infrastructure in anticipation of growing petroleum product shipments by about 40%, CEO Matt Rose said. "Crude by rail is going to be really strong for us," said Rose. "It’s been a real benefit to us to replace some of that lost coal business." Bloomberg Businessweek (1/8) LinkedInFacebookTwitterEmail this Story
  • ASLRRA: Tax credit extension to help U.S. short lines invest more
    The recently passed American Taxpayer Relief Act includes a provision that provides a $165 million tax credit for U.S. short lines, enabling them to make more investments, according to the American Short Line and Regional Railroad Association. "Short lines operate and preserve the first and last mile connection to factories, grain elevators, power plants, refineries, and mines that employ over 1 million people," said ASLRRA President Richard Timmons. "The credit allows small railroads to improve railroad infrastructure that benefits the public." The Independent (Missoula, Mont.)/Indy blog (1/7) LinkedInFacebookTwitterEmail this Story
  • Operation Lifesaver's Rose offers insights on organization's plans
    Operation Lifesaver's current goals include a "sound financial footing" with its funding partners, and an "important change" to its communication strategies, said OLI President and CEO Joyce Rose. "We're going to use technology, social media and innovative communications like our e-learning tools to reach a greater audience," said Rose. She also mentions the importance of Class I railroads as partners with the organization. Progressive Railroading (1/2013) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Economic Spotlight  
  Energy & Environmental Watch 
  • New EPA boiler regs could cost manufacturers $1.5B per year
    The Environmental Protection Agency has instituted strict new regulations for industrial boilers aimed at curbing emissions of acid gases, mercury and fine particulate matter. The agency estimates it will cost U.S. manufacturers, chemical facilities and oil refineries between $1.3 billion and $1.5 billion a year to meet the new standards, which won't become effective until at least 2016. Chemical & Engineering News (1/7) LinkedInFacebookTwitterEmail this Story
  Safety & Security 
  • KCS supports nationwide advocacy for safer operations
    Kansas City Southern is supporting the "One Text or Call Could Wreck It All" national awareness campaign that aims to prevent workplace distractions due to the use electronic devices. "The primary emphasis of this campaign is to raise awareness among all operating employees of the importance of strictly following this rule to ensure the safety of our operation," said Dave Ebbrecht, KCS executive vice president and chief operating officer. RT&S online (1/7) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist


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