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April 8, 2006

Railroad industry surging with new demand

By Greg Burns

CHICAGO (Chicago Tribune) -- As a 1.5-mile-long freight train rumbled past a towering stack of green containers marked "China Shipping" last month, Neil Doyle, aboard his CenterPoint Properties helicopter, swooped in for a closer look. "That line right there is L.A. to Chicago," he told a pair of Wal-Mart executives riding with him just above one of the world's busier train yards in far southwest suburban Elwood, Ill.

After generations of job cuts, consolidation and retrenchment, an old industry is growing anew. Railroads have become hot properties, hauling not only the familiar cargo...

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Posted by rjorr at April 8, 2006 7:03 PM