| Daily news coverage of the railroad industry |  |
 | |
| Industry Update |  | |
|
- Buffett buy heralds railroad renaissance, says Norfolk Southern CEO
Warren Buffett's purchase of the BNSF Railway comes after years of improving market conditions and service reliability in the railroad sector, says Norfolk Southern CEO Wick Moorman. "Mr. Buffett's purchase of BNSF is a big vote of confidence for the railroad industry," Moorman says. "It's the culmination of what's been going on in our industry for a number of years."  Bloomberg Television
(11/16)
    
-
Storied railroads on track for a bright future: America's railroads are part of its national identity, writes Kevin Connolly -- and with an endorsement from Warren Buffett under their belts, U.S. railroads look like they're on track for a bright future. Rail is "a very effective way of moving goods," said Buffett. "I basically believe this country will prosper and you'll have more people moving more goods 10 and 20 and 30 years from now, and the rails should benefit." BBC
(11/17)
- Intermodal marketers shift focus to trains
Intermodal marketing companies are beginning to rely more on trains for their shipping needs, according to a review by the Intermodal Association of North America. The group found that the percentage of shipments sent by train was a full point higher this summer than it was in the preceding quarter. The Journal of Commerce
(11/16)
-
Industry group says shipments peaked this summer: The Intermodal Association of North America says that contrary to some rail executives' reports, freight shipments showed an encouraging peak this fall, just as they do in most years. That could bode well for the holiday season and point to end-of-year retail sales that could be stronger than expected, the group says. The Journal of Commerce
(11/16)
| Infrastructure & Economic Spotlight | | |
|
- Column: It's time to rebuild America
America needs to step up to the plate and start investing in infrastructure improvements like high-speed rail networks, writes Bob Herbert. "We're trundling along in the infrastructure equivalent of a jalopy ... while other nations, our competitors in the global economy, are building efficient, high-speed, high-performance infrastructure platforms," Herbert complains. The New York Times
(11/16)
- Transit hub could transform Texas towns
Nevada and Josephine, in Collin County, Texas, have a combined population of less than 2,000 -- but they could be in for explosive growth if a proposed rail hub and intermodal facility are built nearby. The planned transit hub, currently under review by local officials, would cost billions to build but could bring tens of thousands of new jobs to the region. The Dallas Morning News
(11/16)
| Energy & Environmental Watch | | |
|
- Senate Democrats hope to pass climate bill in "early spring"
Democrats in the Senate are pushing for the climate bill's passage in "early spring" of 2010, said Sen. John Kerry, D-Mass., further muddling expectations for a U.N. conference on global warming set for next month. Kerry last week expressed hope that a draft version of a compromise climate measure could be worked out before the international summit. He, however, chose not to detail the bill's "framework" ahead of the meeting, which will be held in Copenhagen. Reuters
(11/16)
| AAR News | | |
|
-
AAR releases monthly Rail Time Indicators report, video
The Association of American Railroads (AAR) has reported that freight rail carloadings were down 15.3% in October (at 1,100,714 carloads) compared with October 2008, marking the twelfth straight month of double-digit declines. The Rail Time Indicators Report, released this week, comprises monthly rail traffic data framed with other key economic indicators to show how freight rail ties into the broader U.S. economy. Both the monthly Rail Time Indicators report and a video summary are available on the AAR Web site.
| SmartQuote | | |
|
 | If you have knowledge, let others light their candles in it."
|
| |
| |
|
Read more at SmartBrief.com |
|
A powerful Web site for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent AAR SmartBrief Issues:
- Monday, November 16, 2009
- Friday, November 13, 2009
- Thursday, November 12, 2009
- Wednesday, November 11, 2009
- Tuesday, November 10, 2009
| | | Lead Editor: Jennifer Hicks
Mailing Address:
SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 | |
| |
|
| © 1999-2009 SmartBrief, Inc.® Legal Information |
|
