Did You Know?

Average Capital Expenditures of Class I Railroads, 5 Year Average, 2007-2011 ($ millions):

Class I Railroad – a railroad with an operating revenue exceeding $398.7 million.  Seven Class I railroads operate in the United States: Burlington Northern Santa Fe Railway, CSX Transportation, Kansas City Southern Railway, Norfolk Southern Railway, and Union Pacific Railroad.  Canadian National Railway and Canadian Pacific Railway are also considered Class I due to their significant trackage in the United States.

Source: Association of American Railroads

STC study promotes rail investment in rural America

U.S. freight railroads are essential to the viability and profitability of the U.S. soybean industry. Most of the leading soybean producing states – even those with river access – significantly depend on the rail industry to satisfy customer demands.

NGFA and STC to Host Ag Transportation Summit

On July 30-31, the National Grain and Feed Association and the Soy Transportation Coalition will host the first ever Ag Transportation Summit: “A Modern Infrastructure for Modern Agriculture.”  The event will be held near Chicago.

Highway Trust Fund could go broke by 2015, CBO says

The Highway Trust Fund, which the federal government uses to pay for transportation projects, could run out of money by 2015, Congressional Budget Office (CBO) analysts warned in a statement issued on April 24.

New locks for Panama Canal near half-way point

The Panama Canal’s expansion is finally beginning to look like a channel that will float some of the biggest ships in the world by mid-2015.

Brazil's Itaqui port to undergo $3 bln expansion over 20 years

The company administering Brazil's  Itaqui port recently announced it plans to invest 6.3 billion reais  ($3.13 billion) in expansion over 20 years to increase cargo-moving capacity ten-fold as Brazil faces criticism that its ports are inadequate.