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Class I railroads of the U.S. have come through the recession years busier and more profitable than most American industries. At the same time they have achieved strong gains in safety. Preliminary statistics released this week by the Office of Safety Analysis of the Federal Railroad Adm ...
L.B. Foster Co. said its third-quarter earnings rose 50% to $9.7 million or 95 cents per share , measured against $6.5 million, or 63 cents per share, in the comparable period one year ago. Revenue rose 30% to $162.7 million from $125.6 million in the year-ago quarter, the company said ...
The Senate on Tuesday approved $15 million for Amtrak to begin design and engineering work on the railroad’s Gateway Tunnel project, proposed earlier this year to expand capacity on Amtrak’s Northeast Corridor under the Hudson River and through a portion of New Jersey. ...
Operation Lifesaver, Inc. on Wednesday announced that four transit agencies will receive rail safety education grants as part of its partnership with the Federal Transit Administration. Transit agencies selected for grants under the Operation Lifesaver/FTA partnership include: Memphis ...
02 November 2011

Jack L. Hadley, 85

Jack L. Hadley, at one time the owner of the Kiamichi Railroad Co. operating in Oklahoma and Texas, died Oct. 30 at his home in Latrobe, Pa. He was 85. Hadley was an executive for the railroads of Jones & Laughlin Steel and later LTV Steel before becoming a short line owner in 1 ...
Greenwich, Conn.-based Genesee & Wyoming Inc. on Wednesday announced the formation of a new subsidiary, the Hilton & Albany Railroad, Inc. (HAL), after signing an agreement with Norfolk Southern to lease and operate a 56-mile segment of NS track that runs from Hilton, Ga., to Albany, Ga. ...
Amtrak says that it found the use of a renewable biodiesel fuel blend to power its daily Heartland Flyer train “resulted in no more wear on the locomotive than traditional diesel fuels and no reduction in performance or reliability.”  ...

But the business plan for California's HSR system now  is estimated to cost $98.5 billion tolink the Bay Area and Anaheim, adjusted for future inflation anticipated during the next 20 years.

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That’s more than the original $44 billion price. The plan, however, also states the system would be profitable even at the lowest ridership estimates and wouldn't require public operating assistance. <br><br>

CHSRA’s new business plan describes a phased approach to construction that will allow the it to adapt to changing financial conditions as it moves forward, segment by segment. The plan also updates cost estimates, ridership figures and funding expectations to reflect current economic realities.

“We have carefully constructed a business plan that is mindful of the economic and budgetary constraints facing both the state and the nation,” said Authority Board Chairman Thomas J. Umberg. “It will deliver to California and Californians a cost-effective, efficient, and sensible alternative to more highways and increased airport congestion.”

Construction will begin next year with a 130-mile segment stretching from just north of Bakersfield to just south of Merced. The funding for this piece, which will serve as the backbone of the system, has already been identified through federal funds and the voter-approved Proposition 1A.

The new business plan is available here on the High-Speed Rail Authority’s website. The public will have 60 days to comment and help shape the final plan, which will be completed and provided to the state legislature in January.

 

--> The California High-Speed Rail Authority Tuesday released a new business plan that it says lays the foundation for an economically viable high speed rail system that will create 100,000 jobs in the next five years, and is expected to generate another 1 million jobs moving forward. ...
Amtrak Tuesday said it was merging its planning and development efforts involving its existing Northeast Corridor with its proposed new dedicated 220 mph high speed rail plans for the NEC and elsewhere. ...
In spite of a struggling economy, “the railcar market continues to astonish on the upside,” Economic Planning Associates says in its latest quarterly report. “Third quarter orders of 20,165 units far outpaced deliveries of 12,519 cars, bringing end of September backlogs to 65,044, ...
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