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Daily Headlines
China’s trainmakers land high-speed rail orders that total $7.3 billion
(Source: Bloomberg, December 5, 2013) NEW YORK — CSR Corp. and China CNR Corp., China's two biggest trainmakers, won bids for 258 bullet trains worth as much as 44.3 billion yuan ($7.3 billion) as China’s high-speed rail network opens new lines. Full story:...
CSX says it’s working with coal producers on rates, exports up 4% quarter to date
(Source: Platts, December 4, 2013) WASHINGTON, D.C. — CSX continues to work with thermal and metallurgical coal producers to keep rail rates competitive in the face of depressed overseas prices, noting that fourth-quarter export volumes are up 4% compared with the...
Charts: Why fast-food workers are going on strike
(Source: Mother Jones, December 3, 2013) NEW YORK — On December 4, fast-food workers in more than 100 cities are planning a one-day strike to demand a "livable" wage of $15 an hour. They have a point: The lowest-paid Americans are struggling to keep up with the cost...
AAR: Rail traffic up 17.4 percent over 2012 for week ending November 23
(Source: Association of American Railroads press release, November 27, 2013) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending Nov. 23, 2013, with 296,581 total carloads, up 17.4 percent...
Transport Canada ‘not aware’ of crude’s risks before Lac-Megantic disaster
(Source: Globe and Mail, December 4, 2013) TORONTO — Transport Canada did not consider whether crude oil in mass amounts could be highly explosive when it decided not to place any new safety standards on trains like the one that exploded this summer in Lac-Mégantic,...
BNSF Railway highballing on energy boom, executive says
(Source: Tulsa World, December 5, 2013) OKLAHOMA CITY, Okla. — The shale-based boom in oil and natural gas drilling means the nation's railroads are handling more unit trains of crude oil and shipments of sand used in hydraulic fracturing, a BNSF Railway Co. executive...
Safety, regulatory concerns slow expansion of crude by rail
(Source: Wall Street Journal, December 4, 2013) NEW YORK — Heightened safety concerns, slow permit approval hinder the efforts of some firms to move crude oil by rail. Full story: Wall Street Journal
Shipping crude oil by rail: A new front in tar sands wars
(Source: Environment 360, December 5, 2013) NEW YORK — As debate over the Keystone XL and other pipeline projects continues, crude oil from the Alberta tar sands and western U.S. oil fields is increasingly being hauled by railroad. Critics warn that this development...
Pipeline on wheels: Trains are winning big off U.S. oil
(Source: National Public Radio, December 4, 2013) NEW YORK — The oil boom in the United States is creating another boom — for the railroad industry. So far this year, in North Dakota alone, 140 million barrels of oil have left on trains. Shipments of crude oil by rail...
Montreal, Maine & Atlantic Railway nears sales auction
(Source: Bloomberg News, December 4, 2013) NEW YORK — Montreal Maine & Atlantic Railway Ltd., the bankrupt railroad whose runaway train killed 47 after derailing and burning in Lac-Mégantic, is in the final throes of negotiating a contract with a so-called stalking...
