Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Ready for rail: Route set for freight

Sat. July 04, 2009; Posted: 01:32 PM
Stocks RSS
MANKATO, Jul 04, 2009 (The Free Press - McClatchy-Tribune Information Services via COMTEX) -- UNP | Quote | Chart | News | PowerRating -- The passenger train that rolled out of the Mankato downtown depot Friday afternoon, heading north on a line that goes to St. Paul, was filled to capacity and then some.

Each of the 150 seats on the vintage Union Pacific passenger cars were filled, and lap-sitting babies and a handful of riders using the restroom/lounges brought the total to 162. Technically, they were riding on the Union Pacific Safety Train, there to learn a little bit about railroad- crossing safety.

But for many on board it was a free sample of a route that is being studied as a possible commuter rail line between Mankato and St. Paul or Minneapolis.

"We heard several people say, 'What a nice way to go the Twin Cities,' " said North Mankato City Councilman Billy Steiner. "... Everybody seemed to think it was a nice way to travel. It's comfortable, very comfortable."

Whether passenger rail between Mankato and the metro area would have a lasting appeal for riders is one of the things that will be studied as part of a statewide rail plan currently being developed by a task force of transportation officials, policy makers and industry officials. An initial assessment of the potential ridership on the Union Pacific line was in the middle category of demand among the various proposed routes between the Twin Cities and regional hubs.

The route, which would likely serve St. Peter, Le Sueur and southern suburbs, has more potential than some other routes because of the high number of students from the Twin Cities attending Mankato-area colleges and a relatively large number of commuters who live or work on widely separated parts of the route. The route also has the

advantage of good infrastructure that's already in place, said Mark Halverson, a local attorney who served as implementer for transportation issues in the Envision 2020 community planning effort.

" The serious work is already done -- the corridor and the railroad and the signals," Halverson said.

Seeing the route firsthand was nothing new for Halverson, a former railroad worker who rode it hundreds of times on the job.

But this is the first time he's experienced it since a major investment in new rail by Union Pacific.

" The railroad itself is in the best shape it's ever been," he said.

The signal system, designed for freight traffic, would need to be adjusted to avoid the slow and stopfilled exit from Mankato that passengers experienced Friday. The low speeds near Mankato turned a roundtrip to just north of St.

Peter into a two-hour tour.

Still, passengers made few complaints -- other than some babies and toddlers who voiced strong opposition to the stops.

"I've seen parts of this part of the country I've never seen before," said Lois Holtorf of Mankato, riding with her husband Bob.

Leaving from the old depot at Riverfront and Main, the train rolled by scrap yards, the new Riverfront Park (with a view of the Mankato Piece sculpture), quarries, the switching yards north of Highway 14 and the farms, forests and wetlands to the north.

The Holtorfs said they'd take a commuter train on day trips to the Twin Cities, and Bob Holtorf thinks it's possible enough others would feel the same way to make the route work.

"At the price of gas, maybe it would," he said.

Dorothy Stenersen, whenliving in Duluth, used the Amtrak train that once provided daily service from there to the Twin Cities.

" That was very nice, very handy for me," Stenersen said.

The return of passenger service to Mankato makes sense, Stenersen said, particularly as the population ages.

" That would be wonderful," she said. "Especially when you get older and don't drive, this would be an excellent mode of transportation."

Halverson believes it might well happen if the public gets behind the idea.

Passenger rail would always require government subsidies, but that's no different than other forms of transportation ranging from roads, to air to waterways, he said.

"I think it would have heavy ridership if that's how you define success," he said. "... In the long run, this is a good investment."

To see more of The Free Press or to subscribe to the newspaper, go to
http://www.mankato-freepress.com/. Copyright (c) 2009, The Free Press, Mankato,
Minn. Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
For full details on Union Pacific Corp (UNP) click here. Union Pacific Corp (UNP) has Short Term PowerRatings of 4. Details on Union Pacific Corp (UNP) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [UNP]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.