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TUCSON, Ariz. — The Department of Transportation has released a list of 166 projects across the U.S. to receive more than $2.2 billion in funding under the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Program. Transportation Secretary Pete Buttigieg is marking the announcement today by visiting projects in Tucson and Phoenix that are among […]
DAVENPORT, Iowa — Davenport’s aldermen have approved an agreement with Canadian Pacific in which the railroad will provide up to $10 million to mitigate impacts of the planned merger with Kansas City Southern, which could triple freight traffic through the city. In return, the city will not oppose the merger. The vote at Wednesday’s city […]
PITTSBURGH — Robert A. (Bob) Pietrandrea, a founder of Railroad Development Corp. along with RDC Board Chairman Henry Posner III, has retired from his position as president of the company, as well as vice chairman of holding company the Hawthorne Group. His retirement was effective July 29, 2022. Pietrandrea’s first job in railroading was as […]
WASHINGTON — U.S. freight rail traffic remains below 2021 levels both for the week and the year to date, according to the latest statistics from the Association of American Railroads. For the week ending Aug. 6, the total traffic of 496,526 carloads and intermodal units represented a 2.6% decline from the corresponding week in 2021. […]
ATLANTA — Efforts to address the company’s carbon footprint and those of its customers are highlighted in Norfolk Southern’s Environmental, Social, and Governance report, releases today (Aug. 10, 2022). The company’s sustainability efforts include creating a carbon calculator for shippers, designed to help them reduce carbon emissions in their supply chains; a sustainability summit at […]
MIAMI — Brightline Holdings has received clearance to sell up to $1 billion of tax-free debt to finance its expansion to Orlando, Bloomberg reports. The board of the Florida Development Finance Corp. approved the financing Monday. Brightline, backed by Fortress Investment Group, expects to sell $785 million in short-term debt but could sell the full […]
PORT ARTHUR, Texas — The Port of Port Arthur has received a $13.6 million grant to turn an inactive rail yard into a new multimodal freight facility. The Port Arthur News reports the funds from the federal Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program will covert 25.5 acres of the rail yard into […]
CHICAGO — Recent circumstances have shown that coal still plays an important part in worldwide energy, enticing coal producers to try and beef up production. But experts say the U.S. coal industry cut capacity during the COVID-19 pandemic, and that capacity isn’t likely to come back. The U.S. stepped up as a swing supplier of […]
Five students have received scholarship awards for 2022 from the Railway & Locomotive Historical Society. The awards, to graduate or upper-level graduate students studying railroad history, engineering, or operations, are each worth $3,000. They are given in the name of railroad historians who endowed the awards: Professor George W. Hilton, Edward T. Myers, and Bruce […]
JACKSONVILLE, Fla. — Short line operator and rail services company Patriot Rail will acquire rail holding company Pioneer Lines, nearly doubling Patriot Rail’s operations to 31 railroads. Patriot Rail, which currently operates 16 railroads freight railroads in 14 states, will add 15 in 12 states, expanding into Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, […]
WASHINGTON — The Canadian Pacific-Kansas City Southern merger would cause few if any adverse environmental impacts aside from increased train noise in some locations, the Surface Transportation Board said in a draft environmental analysis released on Friday. The 357-page draft EIS also said the merger would have little effect on rail safety or emergency response […]
NEW YORK — Nine Amtrak executives received bonuses of $200,000 or more in 2021 despite lower ridership and revenue in the wake of the COViD-19 pandemic, after none were awarded in 2020, the New York Times has reported. Six people received bonuses of $200,000 or more in pre-pandemic 2019. There were also no bonuses awarded […]
