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AAR SmartBrief March 12th 2014

March 12, 2014



AAR SmartBrief


Daily news coverage of the railroad industry


Industry Update

CP's Randy Marsh tackles rail safety plans at N.Y. forum
Director of Government and Public Affairs Randy Marsh, of Canadian Pacific Railway, met with local officials and emergency first-responders at a forum in Elizabethtown, N.Y., to discuss the railroad's emergency response plans. With safety a big issue, some of the points discussed were CP's command center that has a 24/7 on-call response system and the sharing of information with local fire chiefs. "Canadian Pacific does have an emergency-response plan. It's an organic document that's modified over time," Marsh said. Press-Republican (Plattsburgh, N.Y.) (3/12)

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ยง  Atlanta consolidation center includes access to CSX line
ProgressiveRailroading.com (3/11)

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Companies live and die by their employees
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White House projects growth over 3% for 2014, 2015
An official White House forecast envisions accelerating growth for the U.S. economy, with a 3.1% gain in gross domestic product this year to be followed by 3.4% in 2015, double the 1.7% recorded in 2013. On the jobs front, the unemployment rate is forecast to average 6.9% through 2014, up from January's 6.6%. Reuters (3/10)

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Morgan Stanley: Best U.S. economy can do is low growth, high unemployment
Morgan Stanley economists say in a new report that the U.S. economy now has a realistic growth potential of just 2% per year while the equilibrium rate of unemployment is about 6%. "In the past few years, population growth has declined, labor force participation is on a secular downtrend, and productivity is increasing at a slower clip," the report says. MarketWatch (3/10)

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FCEN rail enhancement project in Fla. nears completion
Florida Central Railroad's $18.4 million track project in Florida is nearing completion. Work has included enhancement and refurbishment on 57 miles of track from Orlando to Umatilla. "It's a great example of a true public-private partnership," said Pete Petree, the Florida region vice president of Pinsly, which owns FECN. "A congressman told me that he had never heard of so many public-private partners coming together for a project," he added. Progressive Railroading (3/2014)

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NRF predicts container volume to increase in March
The National Retail Federation is predicting a 12.4% increase in container volume at U.S. ports this month. "Retailers are bouncing back from the annual post-holiday slowdown and getting ready for the surge in activity that comes each year as the weather warms up," said Jonathan Gold, the group's vice president for supply chain and customs policy. ProgressiveRailroading.com (3/11)

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