The regional and short line railroad investment tax credit (known as 45G for its provision in the Internal Revenue Code) was signed into law by President Trump following its unexpected insertion into the massive two-year Bipartisan Budget Act of 2018 passed in the predawn hours Friday, Feb. 9, by the House and Senate.
Maintenance of Way
BNSF Railway plans to spend $160 million in Washington state during 2018. The state capital plan is part of its larger $3.3 billion 2018 capital plan.
Pandrol, a global supplier of rail fastening systems and aluminothermic welding, has signed multi-year distributor partnership agreements with two Railway Supply Group companies: Chicago-based Industry-Railway Suppliers, Inc. (IRS), a leading U.S. distributor of rail track tools, abrasives and products for railway construction and maintenance; and Canadian railroad distributor Davanac, Inc.
BNSF Railway Company saw another record year – nearly $7.7 billion –worth of investment from customers served by freight rail in 2017.
Loram Maintenance of Way, Inc., and Georgetown Rail Equipment Company (GREX) have completed a definitive merger agreement where Loram will acquire all outstanding shares of privately-held GREX.
Mike O’Malley began his tenure as President of the Railway Supply Institute (RSI) on Feb. 1, 2018 taking over for Tom Simpson, who has retired.
Dr. Allan M. Zarembski, Professor of Practice and Director of the University of Delaware Railroad Engineering and Safety Program, has received the 2017 Fumio Tatsuoka Best Paper Award from the journal Transportation Infrastructure Geotechnology. He was recognized for four papers that made significant impact on geotechnology in railway engineering, specifically in the realms of track geometry defects and track substructure.
National Transportation Safety Board investigators are looking into whether a garbage truck drove around crossing gates before it was struck by an Amtrak charter carrying dozens of Republicans to a retreat Wednesday, killing a passenger in the truck and and injuring others.
The Snead Family, responsible for founding several Georgetown, Texas, businesses, including a quarry, a railroad and a rail solution company, was honored at an event held Jan. 29 at Georgetown Rail Equipment Company (GREX).
BNSF Railway Company plans to spend $3.3 billion on capital investments in 2018 – the same as the previous year – both for maintenance and expansion projects to meet customer demands.