2006 Touchbase Newsletter Archive

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2006 Touchbase Newsletter Archive

December 2006 – Coal Consumption to Remain Flat in 2006; Increase by 1.9 Percent in 2007

  • UP Announces Price Changes to Ensure Acceptable Generation of Return on Investments
  • AAR Clarification: Billing For a Car With Damage Covered By An Endorsed JIC
  • Class I’s Report Carload and Intermodal Freight Up for October; Down Slightly During Thanksgiving Week

November 2006 – Global Cement Consumption Expected to Continue

  • CSXT Fuel Surcharge to Drop from 20.4 Percent to 16.4 Percent November 1
  • U.S. Class I’s Continue to Hire More Workers to Keep Up With Demand
  • Federal Reserve Holds Interest Rates at 5.25 percent; Prime Expected to Sit at 8.25 Percent Through March 2007

October 2006 – USDA Projects Record U.S. Corn Crop- Some Still Nervous About Harvest Size

  • Overall Rail Traffic Volume Has Significantly Outpaced 2005 Year-To-Date
  • 65 Year Service Life Option Approved For Units Built On Or After January 1, 1964
  • Federal Reserve Holds Interest Rates at 5.25 percent; Economy Slowing

September 2006 – Lumber Supplies Said To Be Plentiful; Market Hopes For Change In Demand

  • Service on Nation’s Railroads Showing Marked Improvements
  • STB Seeks Public Comments on Proposed Fuel Surcharge Changes
  • After Seventeen Consecutive Increases, The Fed’s Halt Interest Rate Hikes

August 2006 – Spring Wheat Production Likely to Fall Below USDA Projection

  • UP to Provide Service at Industrial Parks Only With Valid Track Agreement
  • Proposed Tax Credit to Save Businesses Investing in Track and Infrastructure Projects 25 Percent
  • Economic Growth Significantly Slower in Second Quarter 2006

July 2006 – U.S. Steel Prices Above World Average

  • CSXI Fuel Surcharge Rate to Drop 0.5 Percent Effective July 1
  • GAO Reports “Rail Shipping Rates Have Not Increased Over the Past 20 Years”
  • Sharp Gains Reported in Intermodal and Carload Freight

June 2006 – Survey Suggests Another Record Year for Coal Production

  • New Union Pacific Policy for Steel Gondola Shippers and Receivers
  • CN Implementing an Asset Use (Demurrage) Policy Effective July 1
  • Fed Funds Rate 5.0 Percent; Prime Rate Around 8.0 Percent

May 2006 – 2006 Barley Acres Down; Interesting Perspectives for Year Ahead

  • New Union Pacific Bill Of Lading Requirements
  • AAR Implementation of Interchange Rule to Ensure Accurate Cost Recovery
  • Fed Funds Rate Expected to Increase to 5.0 percent by May 10

April 2006 – Production of Crushed Stone Expected to Increase More Than 20 Percent by 2020

  • Congress to Address Perceived Lack of Rail Competition
  • STB to Hold Hearing on Fuel Surcharges
  • Federal funds Rate Expected at 5.25 Percent by June 2006

March 2006 – U.S. Steel Sector Continues to Enjoy Healthy Domestic Demand

  • STB Gives Final Approval for DM&E Railroad and The Powder River Basin Expansion Project
  • Union Pacific Car Order Policy Effective March 5, 2006
  • Prime Rate Expected at 7.75 Percent by March End; 8.00 Percent by May 2006

February 2006 – 2006 Expected to be Another Challenging Year for Farmers

  • Fed’s Raise Funds Rate for 14th Time
  • CN, BNSF Announce Agreement to Improve Rail Fluidity
  • U.S. Freight Railroads Handled More Traffic in 2005 Than Ever Before

January 2006 – 2006 May Bring Class I Service Challenges

  • New Intermodal Traffic Record Set in 2005
  • Compared to Same Time Last Year, Lumber Production was up 3.4% in 2005
  • Federal Funds Rate 4.25% and Prime Rate 7.25%; Expect Quarter-Point Increases by February