Railroad officers attending the JP Morgan Transportation conference in New York Wednesday expressed optimism that the slide in railroad traffic has been arrested, but in their presentations expressed deepening concern that re-regulation sentiment is growing in Congress and could slow railroad recovery.
Fortune magazine has awarded Union Pacific the title of "Most Admired" railroad in its annual survey of American companies, Fortune said. UP scored first among all railroads in the key areas of innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and global competitiveness.
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.