CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials Conference in New York on Wednesday, Dec. 3, 2014.
The Federal Railroad Administration said Wednesday, Dec. 3, 2014 it intends to grant both Amtrak and the California High-Speed Rail Authority waivers from its "Buy America" requirement for the non-domestic final assembly of up to four prototype Tier III high speed rail train sets.
Cincinnati has been assigned the fiscal streetcar burden foisted on other cities, in its case by a judge declaring Duke Energy is not responsible for the cost of moving utilities under streetcar rights-of-way in the city.
The Federal Transit Administration has pledged about $996 million in "New Starts" funding to support extension of Massachusetts Bay Transportation Authority's (MBTA) Green Line from Cambridge to Somerville and Medford.
A report prepared by The Brattle Group on Tuesday, Dec. 2, 2014, states that a new proposed rule on railroad tank cars could cost the U.S. economy as much as $60 billion.
The Surface Transportation Board has decided, somewhat reluctantly, to thrash out a trackage rights dispute raised by a BNSF request to acquire "terminal trackage rights over a single track jointly owned by Kansas City Southern Railway Company and Union Pacific Railroad Company."