5/16/2017
Rail News: Financials
Copyright
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Financials
© © TradePress Media Group, Inc.
Caltrain has proposed increasing zone fares by 25 cents to help cover a projected $10 million operating budget shortfall.
The railroad's fares are based on the number of zones traveled. Under the proposal, the cost of traveling within one zone would remain the same, but fares for additional travel would increase by 25 cents per zone.
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Shippers
© © TradePress Media Group, Inc.
Cemex USA last week announced plans to build a rail-served distribution terminal in Bell, Calif., and a new aggregate loading system at its quarry in Victorville, Calif.
The new loading system will be used to bring aggregates to the L.A. region, while the terminal is designed to accommodate an increase in construction projects in the area, according to a company press release.
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Mechanical
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Mechanical
© © TradePress Media Group, Inc.
5/16/2017
Rail News: BNSF Railway
© © TradePress Media Group, Inc.
5/16/2017
Rail News: BNSF Railway
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Passenger Rail
© © TradePress Media Group, Inc.
The Metropolitan Transportation Authority (MTA) yesterday unveiled a comprehensive plan aimed at improving New York City's subway system.
The plan includes efforts to advance legislation that would separate the agency's chairman and chief executive officer positions into two roles. Splitting the positions would enable MTA to strengthen the overall leadership team and achieve needed operational improvements, agency officials said in a press release.
© © TradePress Media Group, Inc.
5/16/2017
Rail News: Federal Legislation & Regulation
© © TradePress Media Group, Inc.
President Donald Trump's infrastructure proposal will be announced in the next several weeks, and will include $200 billion in direct federal funds to leverage $1 trillion in infrastructure investment over the next 10 years, U.S. Transportation Secretary Elaine Chao told the U.S. Chamber of Commerce yesterday.
The administration's goal will be to use federal funding "as an incentive to get projects underway and built more quickly with greater participation by state, local and private partners," Chao said in an address at the U.S. Chamber's forum to kick off "Infrastructure Week 2017."
© © TradePress Media Group, Inc.
U.S. Secretary of Transportation Elaine Chao said the Trump administration would share its vision for an infrastructure plan soon, specifying within the next several weeks during a speech.
Sec. Chao spoke May 15 at the U.S. Chamber of Commerce kickoff event for Infrastructure Week 2017.
© © TradePress Media Group, Inc.
Sen. Dianne Feinstein (D-CA) said she would not support any U.S. Department of Transportation nominee until funding for Caltrain's electrification project is released.
© © TradePress Media Group, Inc.
The Massachusetts Bay Transportation Authority's (MBTA) Fiscal and Management Control Board (FMCB) approved a contract with Barletta Heavy Division, Inc., for the construction of improvements to the Wellington Maintenance Facility.
The cost of the Wellington Maintenance Facility project through FY18 is $98.28 million.
© © TradePress Media Group, Inc.
Washington, DC – May 16, 2017 – With Infrastructure Week underway, millions of Americans are learning about the challenges that a failing infrastructure poses to the nation’s economy. However, one industry stands above because of its ability to privately invest in maintaining their network – freight rail. For the men and women of America’s railroads, every week is Infrastructure Week.
11 Numbers to Know about Freight Rail:
© © TradePress Media Group, Inc.
Infrastructure firm AECOM announced that Navin Sagar has been appointed vice president and national director transit systems of the firm's transit systems practice in North America.
Also, Jon Schmidt has been promoted to the transit systems deputy practice leader, working with Sagar. He has been with Aecom for 17 years.
© © TradePress Media Group, Inc.
New York's Metropolitan Transportation Authority unveiled a comprehensive plan to rapidly modernize the world's busiest subway system.
© © TradePress Media Group, Inc.