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UP's $400M project in N.M. creates domino effect in industrial development | KCS: Crude-by-rail to Texas to flourish, crude terminal being planned | Obama will take economic agenda to public



July 22, 2013



AAR SmartBrief


Daily news coverage of the railroad industry


Industry Update

UP's $400M project in N.M. creates domino effect in industrial development
The new Union Pacific $400 million rail yard in Santa Teresa, N.M., is bringing a wave of industrial development to the region. The 2,200-acre facility is one of the factors that led two new industrial facilities to locate in the area. About 3,600 jobs are expected to result from the UP yard, and this has prompted the local housing industry to plan for an increase in housing demand. El Paso Inc. (Texas) (7/21)


KCS: Crude-by-rail to Texas to flourish, crude terminal being planned
Kansas City Southern's crude oil shipments to Texas are expected to increase, according to KCS officials. This is due in part to new storage tanks being built that will support rail unloading facilities at the Port of Beaumont. Construction of a new crude-oil terminal at Port Arthur will also start as soon as approvals are granted, said KCS CEO David Starling. Reuters (7/19)




Hot Topics

§  UP project crucial for economic, job growth in Ariz., says official Maricopa Monitor (Ariz.)

§  Investments in freight rail, HSR part of Mexico's $100B plan Houston Chronicle (tiered subscription model)

§  CP: Tony Marquis to oversee Eastern region operations as new VP The Brandon Sun (Manitoba)

§  NS invests $22.6M in upgrades to 85-mile "Mon Line" in Pa. The Journal of Commerce

§  Paula Hammond named new SVP, national transportation market leader at Parsons Brinckerhoff RailwayAge.com



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