Federal funds may provide the fiscal spark for a streetcar line in Milwaukee denied the city by state and county planners. Wisconsin U.S. Senators Herb Kohl and David Obey, both Democrats, inserted language in the recently passed $410 billion federal omnibus spending bill identifying $91.5 million for Milwaukee, with roughly $55 million (60%) of that targeted for launching a streetcar project.
Federal funds may provide the fiscal spark for a streetcar line in Milwaukee denied the city by state and county planners. Wisconsin U.S. Senators Herb Kohl and David Obey, both…
Three years after an initial construction attempt was aborted, the 1.3-mile Anacostia streetcar line in southeastern Washington, D.C., is nearing a construction start, according to the District Department of Transportation.
Gov. David A. Paterson Monday released the 2009 New York State Rail Plan with a "comprehensive strategy forsupporting freight and intercity passenger rail service."
Greenbrier Cos. Inc. says it could be forced to trim expenses, and lay off more employees, if GE Railcar Services Corp. holds firm in reducing an existing delivery contract of 11,900 railcars over an eight-year period. Greenbrier said GE Railcar, a subsidiary of Fairfield, Conn.-based General Electric Co., "desires to substantially reduce, delay, or otherwise cancel railcar deliveries."
Northern California’s Capitol Corridor Joint Powers Authority (CCJPA) says it’s prepared to target up to $98 million in federal Stimulus Package funding to 10 “shovel-ready” projects, and has the list prepared for federal officials to evaluate March 9, when CCJPA representatives will be in Washington. Total cost of the projects involved is $144 million.
Trinity Industries says it achieved “strong fourth-quarter and full-year results” in 2008, but TrinityRail’s order backlog was substantially lower at year's end.
Norfolk Southern’s 2009 capital spending program, totaling$1.412 billion, is the railroad's second-largest in five years. It is exceeded by 2008’s $1.556 billion, but tops expenditures of $1.341 billion in 2007, $1.178 billion in 2006, and $1.025 billion in 2005.
Hedge funds TCI (The Children’s Investment Fund) and 3GCapital Partners won four seats on the CSX Corp. board of directors in a proxy fight last year. Now, TCI managing partner Christopher Hohn has decided not to seek re-election to the board this year and CSX has decided not to fill the vacancy, according to a filing with the Securities and Exchange Commission onFeb. 12.
Greenbrier Cos. says it will reduce its work force by roughly 150, in an effort to rein in costs during the current economic recession.