Rochester Coalition: Largest Federal Loan in U.S. History Relying on Faulty Environmental Impact Statement

September 19, 2006 Railfanning.org News Wire 0

ROCHESTER, Minn. – The Federal Railroad Administration (FRA) erred in adopting the environmental impact statement (EIS) prepared by the Surface Transportation Board (STB) concerning the Dakota, Minnesota & Eastern Railroad’s (DM&E) coal train expansion proposal, the Rochester Coalition said in comments filed today. “The FRA is relying on a dated, insufficient EIS that the Department of Transportation’s General Counsel’s Office has indicated is problematic,” said Steve Ryan, of Manatt, Phelps & Phillips LLP and legal counsel for the Rochester Coalition. “When considering granting a $2.3 billion taxpayer-funded loan – the largest federal loan to a private company in U.S. history

Veteran Rail and Industrial Executive Alexander Kummant Appointed Amtrak President and CEO

September 8, 2006 Railfanning.org News Wire 0

WASHINGTON – The Amtrak Board of Directors on Aug. 29 appointed Alexander Kummant as President and CEO. The veteran railroad and industrial executive will assume duties Sept. 12. Kummant previously served as a Regional Vice President of the Union Pacific Railroad, overseeing 6,000 transportation, engineering, construction, mechanical, and other employees supporting an 8,000-mile rail network. He also served as the Union Pacific’s Vice President and General Manager of Industrial Products, a $2 billion revenue business. In leading both units, Kummant was responsible for substantially improved customer service, on-time delivery of client products, and significant gains in financial and operational performance.

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