Prime Minister Vladimir Putin chaired a meeting in Sochi Feb. 27 at which Russian Railways (RZD) President Vladimir Yakunin announced that the company’s investment budget for 2010-2011 is 555 billion rubles (more than $18.5 billion).
Yakunin noted that 78% of the investment budget, 120 billion rubles ($4 billion), will be used to build a road/rail link between Adler and the Alpika-Service mountain resort.
Other investments include 72 billion rubles ($42.4 billion) to buy new rolling stock, plus funds to renew and improve track, bridges, signaling, and communications systems.
Yakunin says Russian Railways has found investment funds "severely restricted" by the world economy and now depends on the willingness of state regulators to approve rate increases.
The presence of Prime Minister Putin at the meeting was seen as an indication of the priority railways command in the national transportation policy.
While the Russian railway budget exceeds those of many systems, it pales in comparison with the $60 billion planned this year by China's railways.
Railroad purchases of new wood crossties dropped 5.6% in 2009 to 19.60 million and are expected to decline a further 1.3% this year to 19,37 million, according to the Railway Tie Association's latest forecast.
Class I purchases will account for a projected 15.234 million wooden ties this year, and "small market" purchases for 4.03 million ties.
"Recent purchases peaked in the period 2006 [20.78 million] to 2008 [20.76 million]," said the RTA. "By 2012, purchases are expected to exceed records of the recent past."
Focusing on "growth path after recovery," RTA said its econometric forecast model predicts a strong market emerging in the next two years, adding: "This may be somewhat surprising, and it must be admitted that timing is far from certain. However, it is also the conclusion reached by the 'Freight-Rail Bottom Line Report' from the American Association of State Highway and Transportation Officials."
Doublestack clearance projects are central to the Heartland Corridor and Crescent Corridor projects. Domestic intermodal, says Wick Moorman, “is going to be a driver of the industry's growth.”
As job locations and residential housing patterns shift throughout Chicagoland, Metra continues to thrive, and continues preparing to expand, setting an example other regional railroads might envy.
Fulfilling a promise made by President Obama roughly 10 months ago (RA, May 2009, pp. 11-14), the Federal Railroad Administration late last month awarded nearly all of its $8 billion “down payment” in high speed rail funding.
Multiple forces in a freight train can damage cargo, at high cost. Modern load securement devices can mitigate them.
The deadline is fast approaching for nominations advocating the stellar short line and regional railroads of 2010; Railway Age is accepting nominations for its annual Short Line/Regional Railroad of the Year competition through Friday, March 5, 2010.
Industry observers, be they suppliers or rail operators themselves, are invited to nominate the short line and/or regional railroad in North America they believe deserves recognition for outstanding performance. Short lines and regionals can nominate themselves. The 2010 winners will be awarded specially designed plaques at the American Short Line and Regional Railroad Association Annual Convention inOrlando, Fla., at ASLRRA’s gala dinner Tuesday, May 4.
Articles describing their achievements will appear in Railway Age’s April 2010 issue, which will be distributed at the show. Railway Age will work with the winners to publicize the awards in online and national media, as well as any in-house websites available.
Submit your entries to: Douglas John Bowen, Managing Editor, Railway Age, 345 Hudson Street, 12th Floor, New York, N.Y., 10014. E-mail: email@example.com. Fax:(212) 633-1863. Entries should contain the name, position, and contact information of the nominator and an approximately 500-word description of the achievement(s) of the nominated railroad. (Longer and short descriptions are admissible; 500 words is only a guideline.) Entry forms are may be obtained from Bowen by fax or e-mail.
Lexington, Mass.-based RailRunner, N.A., Inc., Friday announced it has received an investment of $13.4 million through a private placement. U.S. Boston Capital Corp. acted as the placement agent, the company said.
RailRunner, a developer of rail products and services providing low-cost intermodal transportation options for underserved markets, markets its Terminal Anywhere™ system that enables shippers to maximize the economics of rail-to-truck intermodalism, while linking directly into the international containerized shipping network.
“Our strengthening relationships with rail partners, ocean carriers, and shippers seeking innovative solutions that shift as much freight transport as possible from highways to rail has created significant interest worldwide in the RailRunner system,” said Charles Foskett, RailRunner CEO. “This additional capital will enable RailRunner to capitalize on this significant market opportunity and meet the significant demand for our products and services.”