Railroads showing signs of strength

Lumber transport is key to the Coos Bay economy

These brief items from deep in the economic weeds give a glimmer of hope:

Short line resumes service in Oregon
“After being out of service for four years, an Oregon short line railroad was to resume limited service from Eugene to Coos Bay on October 12,” according to an item in RandomLengths. “The Coos Bay Rail Link, owned by the Oregon International Port of Coos Bay, is operated by Arizona-based ARG Trans.
“A railroad bridge across Coos Bay remains out of commission and is not expected to be operational until mid-2012, and the line has a 10 mph speed restriction, but service is being restored to several shippers including wood products firms on the southern Oregon coast. Initial plans are for the railroad to make one trip a week, according to the Coos Bay World newspaper. – 10/12/2011”


Railroads pull cars out of storage
“Class I railroads in the U.S. and Canada pulled 11,087 cars out of sidings and other storage areas in September, for the largest drawdown of the idled car fleet since March, according to the Association of American Railroads and the Journal of Commerce.
“The drawdown was seen as another sign that rail traffic strengthened last month, at a time when the autumn intermodal peak season kicked in and set record weekly highs, while industrial carload shipments grew faster after a summer slowdown and reached their highest levels of this year. AAR said 260,317 railcars, or 17.1% of the total fleet of available equipment, were still idle across the continent as of October 1, having gone at least 60 days without a revenue-generating load. – 10/11/2011”


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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