“Managing Risk and Minimizing Claims During Railroad Construction” is a featured seminar set for 2:00 p.m. Wednesday, Jan. 5, 2011, at the 2011 NRC Annual Conference in Fort Lauderdale, Fla.
Featured panel speakers include: Larry Laurello, representing Ashtabula, Ohio-based Delta Railroad Construction; T.H. Lyda and Chad Wissinger of Pittsburgh-based law firm Burns White LLC; and John Zuspan of Track Guy Consultants, Cannonsburg, Pa.
For more information on the seminar, contact Julie Meyers at 484-567-5738; email: email@example.com. Seminar registration is available at www.nrcma.org/ps.nrcconference.
The Bureau of Transportation Statistics of the U.S. Department of Transportation announced Tuesday that trade using surface transportation between the U. S. and its North American Free Trade Agreement partners Canada and Mexico was 19.3% higher in September 2010 than in September 2009, reaching $68.3 billion. It remained 4.8% below September 2008.
In September, 86.9% of U.S. trade by value with Canada and Mexico moved on land, largely by rail, truck, and pipeline. Imports were up 30.6%% compared with September 2000, while exports were up 49.9%.
The Association of American Railroads Wednesday said the Railroad Research Foundation (RRF), an AAR-affiliate organization, has been awarded a Railroad Safety Technology Grant from the Department of Transportation for ongoing implementation of a risk management tool necessary for railroads to comply with federal regulations regarding the transportation of hazardous materials.
Funded through the Railroad Safety Technology Grant Program (RSTG), the grant provides $1.54 million for enhancement and ongoing implementation of the Rail Corridor Risk Management System (RCRMS), a web-based software tool used by railroads to analyze the safest, most secure routes for the transportation of certain hazardous materials. The technology is being developed in coordination with the Federal Railroad Administration (FRA), the Federal Emergency Management Agency (FEMA), the Transportation Security Administration (TSA), and the Pipeline and Hazardous Materials Safety Administration (PHMSA). “We are pleased that the Department of Transportation has recognized the Railroad Research Foundation for their important work,” said AAR President and CEO Edward R. Hamberger (pictured at left). “As evidence by our industry’s stellar safety record, railroads are constantly working to ensure the safety of our employees and thecommunities we serve. The Rail Corridor Risk Management System is yet another tool to aid both railroads and our government partners in that mission.”Railroads, as required by federal regulations promulgated by PHMSA in 2008, must conduct ongoing comprehensive risk analyses of the primary routes used to ship certain hazardous materials and any alternative routes over which they have authority to operate. These analyses include a minimum of 27 specific risk factors including input provided by state and local governments. The tool will also take into consideration the presence of train control systems in the risk scores for the routes. The RCRMS tool is critical to the evaluation of these routes, enabling to industry to accomplish the objectives of the PHMSA Final Rule, AAR said.Seven grants totaling $50 million were awarded by DOT through the RSTG Program, which was created by the Rail Safety Improvement Act of 2008 (RSIA). The program requires that selected projects be ready for deployment within 24months of receiving a grant award and that grantees share 20% of the total cost.Based in Washington, D.C., RRF is a non-profit policy research organization devoted to sustaining a safe, secure, technologically advanced, and productive marketplace-driven railroad industry. RRF research efforts focus on improving the safety, security, and efficiency of passenger and freight rail operations.
Greenwich, Conn.-based Genesee & Wyoming Inc. (GWI) said Wednesday it has completed the acquisition of the assets of Australia’s FreightLink Pty Ltd., or FL (receivers and managers appointed), Asia Pacific Transport Pty Ltd., or APT (receivers and managers appointed), and the other APT joint venture sellers (together with FL and APT, "FreightLink") for $319 million, plus the assumption of debt with a carrying value of $1.7 million.
FreightLink is the owner and operator of the 1,400-mile Tarcoola-to-Darwin railroad, linking the Port of Darwin to the Australian interstate rail network in South Australia. The rail line is located on land leased to FreightLink by the AustralAsia Railway Corp. under a concession agreement that terminates in 2054. FreightLink commenced operations in 2004, following the construction of the Alice Springs-to-Darwin portion of the rail line.
Bert Easthope, managing director of Genesee & Wyoming Australia (GWA), said, “The completion of the FreightLink acquisition heralds a new era for rail in South Australia and the Northern Territory. GWA looks forward to delivering quality service to customers in the Adelaide-to-Darwin corridor. The railroad is a strategic asset in the development of the mining industry in the Northern Territory and South Australia. We welcome the opportunity to support and invest in the future growth of our customers.”
Said FreightLink Chairman Malcolm Kinnaird, “The construction of the railway from Alice Springs to Darwin in 2003 has delivered enormous economic benefit to the Northern Territory and South Australia.”