3/7/2017
Rail News: Financials
Railroad News
Mar
07
Mar
07
3/7/2017
Rail News: Short Lines & Regionals
Mar
07
Metra is seeking bids for the next phase of the multi-year Union Pacific North bridge project, which will replace bridges over 11 streets on the North Side of Chicago, as well as construct the inbound half of the new Ravenswood Station.
"We see this project as a major investment in the future of the UP North Line," said Metra Executive Director/CEO Don Orseno. "Our riders, both from the city and the northern suburbs, will reap the benefits for many years to come."
Mar
07
3/7/2017
Rail News: Passenger Rail
Mar
07
3/7/2017
Rail News: Short Lines & Regionals
Mar
07
ProVision Partners Co-op has been awarded a $1.7 million Freight Railroad Infrastructure Improvement (FRIIP) loan from Wisconsin to help build a rail spur as part of an expansion project.
The loan will construct almost 6,300 feet of railroad spur tracks at the co-op's Auburndale, Wis., facility. The rail construction project is part of a $24 million expansion project to ProVision Partners' existing grain elevator and fertilizer storage capacity. The project also will add feed mill facilities and a convenience store to this location. This project is expected to result in approximately 30 new jobs.
Mar
07
The Los Angeles County Metropolitan Transportation Authority (LACMTA) has received an unsolicited proposal from Fluor Enterprises, Inc., to accelerate conversion of the Orange Line from bus rapid transit to light rail through a public-private partnership.
This is the first proposal LACMTA has received for this Measure M project and the tenth proposing an alternative delivery method for a major capital project. The transit agency recently advanced unsolicited proposals for two mega projects in the Los Angeles region.
Mar
07
3/7/2017
Rail News: Passenger Rail
Mar
07
CSX Corp. has named E. Hunter Harrison chief executive officer, effective immediately, the Class I announced yesterday.
Harrison is the former CEO of Canadian Pacific and CN. At CSX, he succeeds Michael Ward, who last month announced his decision to retire as chairman and CEO. Ward will serve CSX as a consultant until he retires on May 31.
Mar
07
Mar
07
Mar
07
A record number of rail industry participants came to Washington, D.C., on March 2, 2017 to take part in the 18th annual Railroad Day on Capitol Hill.
The group of 456 railroaders, suppliers and customers attended 367 congressional appointments to discuss three talking points that included supporting a tax code built for growth, opposing bigger and heavier trucks and preserving balanced regulation.
Mar
07
In addition to gaining a new CEO, CSX reached an agreement with Mantle Ridge LP, an investment firm formed by Paul Hilal that saw the appointment of five new directors to CSX's Board of Directors, mutually agreed upon by CSX and Mantel Ridge. CSX's board now grows to 13 with three incumbent directors intending to complete their service for the board and the appointments of Harrison, Hilal, Dennis Reilley, Linda Riefler and Johnn Zillmer. CSX's current Presiding Director Edward J. Kelly, III, will become chairman of the board and Hilal will become vice chairman.
Harrison, said, "I am proud to join the dedicated and talented railroaders at CSX. Together, we will implement Precision Scheduled Railroading – a model proven to improve safety, create better service for customers, produce a proud and winning culture for employees and generate exceptional, lasting value for shareholders."
Mar
06
Mar
06
Representatives from Garden City, Chatham County and the Georgia Ports Authority (GPA) discussed a proposal that would reduce the use of grade crossings around GPA's Garden City Terminal during a public meeting Feb. 28.
Current plans call for the installation of an overpass at State Route 25. The road improvement will take vehicular traffic over planned new rail lines and Pipemakers Canal. It is proposed in conjunction with an on-terminal project that will double GPA's rail capacity to 1 million containers per year. The new port infrastructure will remove the need to stop trains off terminal to switch rail cars, an activity which has impacted traffic on commuter routes.
Mar
06
3/6/2017
Rail News: Passenger Rail
Mar
06
Legislation was introduced to both houses of Congress last week that would repeal a final U.S. Department of Transportation (USDOT) rule aimed at reforming areas where multiple Metropolitan Planning Organizations (MPOs) exist.
Mar
06
Mar
06
Mar
06
3/6/2017
Rail News: Passenger Rail