| Daily news coverage of the railroad industry |  |
- Union Pacific gets top marks from military
The magazine G.I. Jobs has named Union Pacific among the nation's top 50 military employers for the sixth time in the past seven years. UP's recruitment office assembles a military task team that reaches out to service members, and the company also serves on a number of local military boards and committees. "UP values the commitment, training and diversity that our armed forces bring to the workplace," said UP Senior Vice President of Human Resources Barb Schaefer. ProgressiveRailroading.com
(11/10)      
- Will Buffett's buy start a trend?
If investors choose wisely, the answer is yes, say some analysts. They say the transportation sector is expected to expand as the recession eases and people are willing to travel more, and there will be an increased need to transport raw materials and manufactured goods as the economy picks up. These reasons are also why the 30% premium Buffett paid for BNSF was a good move, according to Alvaro Vargas Llosa. Forbes
(11/11), The Deseret News (Salt Lake City)
(11/11)
- DOT spends $4.85B on stimulus projects
As of Oct. 23, the DOT has spent $4.85 billion on projects funded by the economic stimulus package. That's up from $3.65 billion at the end of September. Observers say most of the spending was made through the Federal Highway Administration, which has funded bridge and highway repairs. Meanwhile, the DOT has approved projects worth a total of $30 billion to receive the stimulus funds. The Journal of Commerce
(11/10)
 | AGILE • RESPONSIVE • INNOVATIVE
American Railcar Industries, Inc. (ARI) provides these products and services: • railcar manufacturing • full-service repair • mobile repair • engineering services • railcar parts • consulting • fleet management. We Build and Service the Whole Car.
www.americanrailcar.com |
| Infrastructure & Economic Spotlight |  | |
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- Port group urges Congress to pass transportation bill
Kurt Nagle, president and CEO of the American Association of Port Authorities, wrote a letter urging Congress to adopt a multi-year surface transportation plan. Rep. James Oberstar, D-Minn., drafted a six-year transportation plan that has stalled in Congress due to lack of funding. "Without an efficient transportation system, we are not going to be competitive internationally with about 30 percent of our economy accounted for by international trade," said Nagle. Logistics Management (free registration)
(11/10)
- Union Pacific swaps New Mexico ranch for intermodal land
Union Pacific Railroad and New Mexico have agreed to a land swap to allow the railroad to build an intermodal hub in Santa Teresa, N.M. Union Pacific offered to trade a 60,000-acre ranch southeast of Albuquerque for 2,219 acres of state trust lands. Union Pacific plans to complete construction on the $150 million intermodal facility between 2010 and 2015. El Paso Times (Texas)
(11/10)
- Cleaner, better, faster, stronger: The future of high-speed rail
It's easy to see the attraction of high-speed rail for city and regional planners: IBM is working with railways around the world to develop high-tech, electric-powered management systems to monitor trains' maintenance, transit, and fuel efficiency, so that travelers everywhere can aspire to arrival times calculated within six seconds of accuracy, as they do in Taiwan. Planners in San Diego are eagerly proposing routes for a new high-speed rail system there. However, one town in the Tacoma, Wash., area isn't buying the hype, as it balks at plans to build a bypass for high-speed trains due to concerns about increased traffic and noise. ZDNet/Green Tech Pastures
(11/10), The News Tribune (Tacoma, Wash.)
(11/10), KPBS-TV (San Diego)
(11/10)
| Energy & Environmental Watch | | |
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- UN chief, Kerry express optimism about climate bill's prospects
Sen. John Kerry, D-Mass., said he would attempt to "outline" a compromise version of the climate-control measure ahead of the international global-warming summit in December, while United Nations Secretary-General Ban Ki-moon remained positive about U.S. goals. There is "great support" in the Senate to address climate change, Ban said after meeting with some lawmakers in Washington. The UN chief made it clear that U.S. leadership is "critical" to the Denmark conference and beyond, Kerry added. Reuters
(11/10)
- Sen. Baucus: Emissions rules must hold down job losses
Senate Finance Committee Chairman Max Baucus, D-Mont., says Congress must minimize job losses that could result from cap-and-trade provisions in the proposed climate bill. Baucus, who was the only Democrat to oppose the cap-and-trade bill when it was passed in the Environment and Public Works Committee, said any emissions curbs need to reflect the fact that the jobless rate is 10.2%, and Congress "must be diligent to create jobs, including in the energy sector." Bloomberg
(11/10)
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