3/29/2017
Rail News: Federal Legislation & Regulation
Railroad News
Mar
29
Mar
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An assessment released by the Association of American Railroads (AAR) found that the impact of trade on the freight railroad industry is responsible for at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade.
Approximately 50,000 domestic rail jobs, accounting for more than $5.5 billion in annual wages and benefits, depend directly on international trade, the analysis of 2014 data also found. If rail traffic indirectly associated with trade was included, the figures would be notably higher.
Mar
29
The American Public Transportation Association called on the Trump Administration to fully fund the FAST Act for fiscal 2017 and 2018 and public transit must be part of the administration's proposed $1 trillion infrastructure investment.
"The American economy and communities of all sizes would be losers if the proposed reductions in the FTA Capital Investment Grants, the TIGER [grant] program, and Amtrak are enacted," said APTA Acting President and Chief Executive Richard A. White. "As it stands now, America is already underinvesting in public transportation, as noted in the recently released American Society of Civil Engineers infrastructure report card. These proposed cuts would make the existing $90 billion of state of good repair gap even worse."
Mar
29
FOR IMMEDIATE RELEASE
NEW REPORT CONFIRMS FREIGHT RAILROADS ARE DEEPLY CONNECTED TO INTERNATIONAL TRADE
AAR Research Finds Trade Directly Supports At Least 50,000 U.S. Rail Jobs, 35 Percent of Rail Revenues and 42 Percent of Carloads and Intermodal Units
WASHINGTON D.C. – March 29, 2017 – The Association of American Railroads (AAR) today released an assessment of trade's impact on the freight railroad industry, finding that at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade.
Mar
28
3/28/2017
Rail News: Supplier Spotlight
Mar
28
3/28/2017
Rail News: MOW
Mar
28
3/28/2017
Rail News: Passenger Rail
Mar
28
3/28/2017
Rail News: Federal Legislation & Regulation
Mar
28
3/28/2017
Rail News: Passenger Rail
Mar
28
FERROMEX owner Grupo México confirmed in a statement to the Mexican stock exchange on March 27 that it has reached an agreement to acquire a 100% stake in Florida East Coast Railway Holding Corporation (FEC).
The cash transaction, which is subject to approval by authorities in the United States, has an estimated value of around $US 2 billion, including debt.
Mar
28
Canadian National (CN) and Duluth Cargo Connect announced a new alliance establishing the first rail-served intermodal container ramp in the Twin Ports of Duluth, Minn. and Superior, Wis.
Mar
28
3/28/2017
Rail News: Financials
Mar
28
3/28/2017
Rail News: Canadian National Railway - CN
Mar
28
3/28/2017
Rail News: Canadian National Railway - CN
Mar
28
Rail News Home Canadian National Railway - CN 3/28/2017 Rail News: Canadian National Railway - CN
CN and Duluth Cargo Connect yesterday announced a new alliance to establish the first rail-served intermodal container ramp at the Twin Ports in Duluth, Minn., and Superior, Wis.Duluth Cargo Connect, a working partnership of the Duluth Seaway Port Authority and Lake Superior Warehousing Co., will operate the facility at the port's Clure Public Marine Terminal, port authority and CN officials said in a press release.Loaded import containers from ports originating on all three coasts served by the railroad will arrive in Duluth via CN's rail network.The new intermodal location "instantly connects" the region to containerized imports and exports, said Vanta Coda, the port authority's executive director."Our truck traffic has grown exponentially in recent years, and now we've partnered with CN to bring a whole new mode of efficient transportation services to the Twin Ports," Coda added.The partnership with Duluth Cargo Connect "opens up a new logistics supply chain and growth opportunities for the port's partners and shippers in the region," said JJ Ruest, CN executive vice president and chief marketing officer. Contact Progressive Railroading editorial staff. More News from 3/28/2017
CN and Duluth Cargo Connect yesterday announced a new alliance to establish the first rail-served intermodal container ramp at the Twin Ports in Duluth, Minn., and Superior, Wis.Duluth Cargo Connect, a working partnership of the Duluth Seaway Port Authority and Lake Superior Warehousing Co., will operate the facility at the port's Clure Public Marine Terminal, port authority and CN officials said in a press release.Loaded import containers from ports originating on all three coasts served by the railroad will arrive in Duluth via CN's rail network.The new intermodal location "instantly connects" the region to containerized imports and exports, said Vanta Coda, the port authority's executive director."Our truck traffic has grown exponentially in recent years, and now we've partnered with CN to bring a whole new mode of efficient transportation services to the Twin Ports," Coda added.The partnership with Duluth Cargo Connect "opens up a new logistics supply chain and growth opportunities for the port's partners and shippers in the region," said JJ Ruest, CN executive vice president and chief marketing officer. Contact Progressive Railroading editorial staff. More News from 3/28/2017
Mar
28
3/28/2017
Rail News: Short Lines & Regionals
Mar
27
Mar
27
3/27/2017
Rail News: Rail Industry Trends
Mar
27
3/27/2017
Rail News: Passenger Rail
Mar
27
Two temporary bridges will be installed in downtown Middlebury, Vt., to support a rail tunnel project.
Inspections performed on the existing bridges at Main Street/VT 30 and Merchants Row shown they are safe for travel, but evidence of accelerated deterioration prompted the Vermont Agency of Transportation (VTrans) to seek approval of the temporary bridges as a precautionary measure. Transportation Secretary Joe Flynn approved the emergency order authorizing the VTrans to install the temporary bridges in advance of a long-planned tunnel project.