Word: rails
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Dates: during 2000-2009
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...Alter Barge Lines. "It's like you've clogged the pipeline for a week." Archer Daniels Midland, a major grain exporter, operates four grain terminals in Louisiana. Several hundred of its barges are stranded in the lower Mississippi, some grounded and waiting to off-load. The firm is studying rail alternatives and considering diverting some shipments to Galveston, Texas...
...shipping grain by rail or truck isn't feasible on a large scale; it's too costly, and freight lines are already booked solid. It would take as many as 60 trucks to transport the 55,000 bu. of corn that would fit on a barge, says David Feider, a spokesman for the grain exporter Cargill. "We're not diverting cargo," he says. The prospect of corn being dumped on the domestic market has already depressed spot prices. But don't expect a break in the price of cornflakes. The corn in a 1-lb. box costs cereal makers just...
Given its mediocre service, consistent record of losing money (a debt of $3.5 billion as of this year), and insufficient federal investment proposed by President George W. Bush, the U.S. Congress needs to do what Britain did in the mid-90s: Privatize the national rail system. Historically, nationalized rail systems have often been trainwrecks. Before privatization, France’s national rail was 200 billion francs in debt, and the UK’s rail system was a heavy burden on tax-payers. Ten years down the track since privatization, the Association of Train Operating Companies (ATOC) reports that...
...high earner, a budding retiree and a Treasurer for that matter. "This is a Budget which will build opportunity for the future," Costello concluded before commending the Bill to the House. There are indeed measures in this Budget aimed at fixing the nation's creaky roads, under-utilized rail, dying rivers and slow-go ports. There's fresh money for medical research, war planes and national security...
...simply amassing statistics in a scholarly tone of even-handed precision, he goes a long way to support those who claim that, when a rail link between Lhasa and Golmud, in China, is completed some time this year, Tibet as we know it will be gone forever. Already Lhasa is at least six times more populous than when the Dalai Lama knew it, and covers an area 20 times larger than the one square mile of old. A replica of a 40-meter-high mountain stands across from the Potala Palace, and the blue-glass shopping centers around Friendship Street...