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AAR Smartbrief August 2013

August 8, 2013

 

 

AAR SmartBrief

 

Daily news coverage of the railroad industry

 

Industry Update

Mass. Army Reserve unit touts value of rail industry
Members of the Army Reserve's 226th Transportation Railway Operating Company, based in Chicopee, Mass., convened at Fort Eustis near Newport News, Va., to promote the relevance of the railroad industry and the jobs it has created. Some of the reservists are part of Norfolk Southern's workforce. Rail service remains one of the most efficient transportation modes for goods and people across the U.S., and "we absolutely love this job" because "we have a passion for it," said Spc. Paul Tofani. Daily Press (Newport News/Hampton, Va.) (free content) (8/7)

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Moorman shares detailed plan for NS' $2B capital investment
A thriving business is one that can "anticipate, adapt, and accomplish," and Norfolk Southern will use all three to determine how best to use its $2 billion capital investment in 2013, said NS CEO Wick Moorman during a recent interview. The Class I's other executives, including NS Chief Marketing Officer Don Seale, NS Chief Operating Officer Mark Manion and NS Chief Information Officer Deb Butler, also discussed how the railroad plans to maximize its resources to provide continual client satisfaction and value-added transportation product. RailwayAge.com (8/7)

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UP wins service award for "continuous pursuit of excellence"
Union Pacific earned Ford Motor's 2012 "Go Further" award for its "continuous pursuit of excellence in the face of unforeseen business challenges," according to UP. "We are committed to fostering an environment of continuous improvement and innovation, providing the greatest efficiency and value to our customers," said Linda Brandl, UP vice president and general manager-automotive. Meanwhile, the soon-to-open Bailey's American Cuisine restaurant in North Platte, Neb., has been named after UP's Bailey Yard in recognition of the Class I's impact on the area's economic growth. ProgressiveRailroading.com (8/7), KNOP-TV (North Platte, Neb.) (8/7)

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ยง  NS' Wick Moorman to participate in Railway Interchange 2013 event in Indianapolis
RailwayAge.com (8/7)

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Infrastructure & Economic Spotlight

Budget deficit is on track to reach record low
The Congressional Budget Office estimates that the budget deficit totaled $606 billion in the first 10 months of fiscal 2013, down $368 billion compared with fiscal 2012. The government is on pace for its lowest annual deficit since the start of the Obama administration. The Hill/On the Money blog (8/7)

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CSX acquisition of Fla. terminal leads to workforce expansion
The acquisition by CSX of the Eastern Associated Terminal in Tampa, Fla., led the Class I to hire more people to complement operations at its next-door Rockport terminal. "Purchasing the Eastern terminal provides strategic long-term value for CSX. We will leverage synergies of the two terminals to better serve our customers and grow this important business," said Shantel Johnson-Davis, CSX assistant vice president and general manager-phosphates and fertilizers. RailwayAge.com (8/7)

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S.D. DOT garners innovation award for MRC Railroad rehab
The MRC Railroad Rehabilitation project in South Dakota between Mitchell and Chamberlain has won an award for the state transportation department for innovation. More than 61 miles of track were replaced in the project, which won the award in a competition sponsored by the American Association of State Highway Transportation Officials and the U.S. Chamber of Commerce. The Fresno Bee (Calif.) (free registration) (8/8)

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