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China to invest $128 billion in rail, push for global share

(Source: Bloomberg, March 4, 2015)

NEW YORK — China is investing more than 800 billion yuan ($128 billion) in domestic railway construction in 2015, the same as last year’s final target, while pledging to increase its railway makers’ overseas market share.

Full story: Bloomberg

Thursday, March 5, 2015

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DAILY HEADLINES

• UP reports lower Q3 2020 net income
• UP reports Q3 2020 results
• Union Pacific intermodal service level suffers after sharp increase in West Coast volume
• BNSF to layoff 104 Topeka employees
• Canadian Pacific breached labor law in derailment that killed 3 workers
• NJ Transit heads into home stretch on PTC install
• Amtrak has expansion within the San Antonio-Dallas-Houston triangle “under review”
• Jim Cramer makes a case for Union Pacific to acquire Kansas City Southern
• Five rail operators join forces to tag train cars with telematic sensors
• Connecticut awarded $144 million in federal funds for rail bridge replacements
• Railroad Unemployment and Sickness Benefits will see slight decrease in new sequestration reduction rate
• Get the latest labor news from the Teamsters

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