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AAR Smartbrief - Sept 2014 Association of American Railroads

September 16, 2014

 

 

AAR SmartBrief

 

 news coverage of the railroad industry

 

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Industry Update

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Commentary: Rail is key to 600,000 Ga. jobs

CSX locomotive

(NewsCred)

The freight rail industry supports some "600,000 Georgia jobs and adds more than $54 billion to the state's economy" as Class I's such as CSX and Norfolk Southern move through the state, writes Carol Comer, director of the Georgia Department of Transportation's intermodal division. "It links our ports and distribution centers to virtually every community in the state and thousands more across the South, East and Midwest," she writes, noting the "thousands of trucks" rail keep off Georgia highways. The Atlanta Journal-Constitution (free content) (9/15)

 

$600M in TIGER grants helps transportation projects in 46 states
Transportation Investment Generating Economic Recovery grants have been awarded to 72 projects in 46 states, with total awards of $600 million, according to the U.S. Department of Transportation. The largest single rail or transit grant in this round of funding is $20 million to the Massachusetts Bay Transportation Authority for a station upgrade. ProgressiveRailroading.com (9/15)

 

 

 

Infrastructure & Economic Spotlight

 

KCS completes 6-bridge project in La.
Kansas City Southern has completed the reconstruction of six timber bridges in Louisiana's Sabine River bottoms area near Starks. "Extensive planning and coordination was necessary to minimize work window interruptions," KCS officials said. ProgressiveRailroading.com (9/15)

U.S. factory production posts surprising decline
The output from America's factories fell 0.4% in August, largely because of a 7.6% drop in auto production. The median forecast of economists surveyed by Bloomberg called for a 0.3% gain for the month. Bloomberg (9/15), Shopfloor blog (9/15)

 


 

Energy & Environmental Watch

U.S. shale boom drives growth in downstream companies, report finds
Growth spurred by the U.S. shale boom has expanded to include domestic refiners, petrochemical companies and exporters of liquefied natural gas, making them more competitive than their foreign counterparts, a Deloitte Center for Energy Solutions report found. For instance, renovating LNG terminals in the U.S. is 1.5 to 2 times cheaper than constructing similar projects in other countries, the report said. FuelFix.com (9/10)

 

Women are starting 1,288 new businesses per day.
According to The 2014 State of Women-Owned Businesses Report, the number of women-owned businesses has increased at 1.5 times the national average. This new report, based on data from the U.S. Census Bureau, includes up-to-date insights on the growth of women-owned businesses and pinpoints how policy and programmatic support can help even more of these companies reach their full potential. Learn more, read the full report.


 

SmartQuote

I have become my own version of an optimist. If I can't make it through one door, I'll go through another door, or I'll make a door. Something terrific will come no matter how dark the present."

-- Rabindranath Tagore,
Indian writer

 

 

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