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AAR Smart brief - October 2013

 

October 3, 2013

 

 

AAR SmartBrief

 

 

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Industry Update

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CN earns spot in CDP's Canada 200 Climate Disclosure Leadership Index
Canadian National's sustainable initiatives gained honor as the railroad was included in CDP's Canada 200 Climate Disclosure Leadership Index for the fourth year in a row. "Delivering responsibly is a core element of our business agenda. Environmental sustainability is a strategic priority for CN, which is focused on lowering emissions, increasing energy efficiency, reducing waste, and encouraging environmental stewardship among our employees," said CN President and CEO Claude Mongeau. RailwayAge.com (10/2)

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ยง  UP's Koraleski emphasizes importance of business ethics during panel discussion
Omaha World-Herald (Neb.) (10/2)

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Infrastructure & Economic Spotlight

Business fears potential U.S. default more than shutdown
A partial shutdown of the federal government is getting most of the attention in Washington, D.C., but what business leaders truly fear is the possibility that the government will default on debt sometime after Oct. 17. Some business lobbyists asking for an increase in the debt limit say they aren't sure they're having any effect on the standoff between Democrats and Republicans. Business groups are concerned a default could send the economy into a downward spiral. The Hill (10/2), AmericanBanker.com (free registration) (10/2), Reuters (10/2), Financial Times (tiered subscription model) (10/3)

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U.S. private-sector job creation falls short of forecast
Private-sector employers added 166,000 positions in September, ADP says, fewer than the 180,000 economists had anticipated. The payroll processor also reduced its estimate for August's job gains from 176,000 to 159,000. USA Today (10/3)

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Study: HSR system in Ill. could boost economy, generate jobs
Proposed high-speed rail service from Chicago to St. Louis is expected to improve Illinois' economy and provide an estimated 10,000 jobs, according to a University of Illinois study. The project is expected to cost up to $50 billion, but "an incremental or blended approach completed over a longer time period could also reduce initial capital costs and provide other nearer-term transportation benefits, while simultaneously improving intercity transportation quality and travel times," the study noted. Crain's Chicago Business (tiered subscription model) (10/2)

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Safety & Security

Delegates tout rewarding rail careers, discuss PTC during Indianapolis events
Participants of the AREMA Annual Conference and the Railway Interchange 2013 events in Indianapolis promoted the advantages of pursuing careers in the industry and provided updates on positive train control initiatives. Speakers from several Class I's and Amtrak shared how being a rail professional helped shape their careers. A lot of opportunities await potential leaders as "the best of railroading is ahead of us," said James Carter, Norfolk Southern chief engineer of bridges & structures and AREMA 2012-13 president and chairman. ProgressiveRailroading.com (10/2), RT&S online (10/2)

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