Archive for April, 2004
Rutter Steps Down From FRA Post
Posted Friday, April 30, 2004 in FRA
WASHINGTON — Allan Rutter, Administrator of the Federal Railroad Administration, says he is leaving his current post in mid-June for a position with a Texas transportation organization.
“It was a difficult decision, but ultimately it is what is best for my family,” Rutter said in a statement. “The opportunity to serve President Bush as FRA Administrator […]
‘You’re Hired’: Railroads Expect to Hire 80,000 Workers Over Next Six Years
Posted Friday, April 30, 2004 in Miscellaneous
WASHINGTON – As the nation is coming out of its job slump, freight railroads are expected to hire more than 80,000 new workers over the next six years, the American Association of Railroads predicts.
"The railroad provides good career opportunities," said 37-year-old Donavan "Chris" White, an assistant general foreman for mechanical operations at CSX Transportation. "I’ve […]
Alameda Corridor Project Loan Paid Off Early
Posted Friday, April 30, 2004 in Miscellaneous
LOS ANGELES – U.S. Transportation Secretary Norman Y. Mineta on April 29 accepted $573 million as payment with interest for a $400 million federal loan that helped launch the Alameda Corridor transportation project but wasn’t due until 2032.
The loan is being repaid 28 years ahead of schedule with low-interest bonds, saving the Alameda Corridor Transportation […]
CSXT and NSR File Registration Statements with SEC to Exchange Debt Securities for Conrail’s Debt Securities
Posted Friday, April 23, 2004 in CSX, Norfolk Southern, STB
WASHINGTON – CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate.
CSXT and NSR each have filed a Registration Statement on Form […]
Amtrak: State-of-Good-Repair is Aim of FY ’05 Proposal
Posted Thursday, April 15, 2004 in Amtrak
WASHINGTON – Amtrak President and Chief Executive Officer David L. Gunn has sent the railroad’s FY ’05 federal grant request of $1.798 billion to Congress.
Continuing Amtrak’s comprehensive effort to return the railroad to a state-of-good-repair, the request would fund $791 million in capital projects, provide $570 million for operations and repay a $100 million federal […]
N.O. Reopens Historic Streetcar Line After 40 Years
Posted Wednesday, April 14, 2004 in Commuter Rail
NEW ORLEANS – For the first time in 40 years, the New Orleans Regional Transit Authority will resume revenue service of the Canal Streetcar line.
"The new Streetcar will be a bright, functional and most-welcomed addition to our city," said Sandra Shilstone, president and CEO of the New Orleans Tourism Marketing Corporation. "Generations of New Orleanians […]
No Fare Hike for N.J. Transit
Posted Wednesday, April 14, 2004 in Commuter Rail
NEWARK, N.J. — For the second straight year, Governor James E. McGreevey’s budget calls for N.J. Transit fares remain at their current level.
"Public transportation must remain affordable for the hundreds of thousands of hard-working New Jerseyans who commute to work every day," McGreevey said. "This is an important addition to their quality of life – […]
Transit Leader Testifies on Importance of Security
Posted Wednesday, April 14, 2004 in Commuter Rail
WASHINGTON — In testimony before the full Senate Commerce, Science and Transportation Committee, on the safety and security of passenger rail and public transportation systems, the American Public Transportation Association (APTA) highlighted an identified $6 billion in critical security needs to keep America’s public transportation systems safe.
“In the United States, more than 9 1⁄2 billion […]
Metra Launches Aggressive Safety Campaign
Posted Wednesday, April 14, 2004 in Safety
CHICAGO — Responding to recent deaths of three local youths, Metra is launching its most aggressive public safety effort in its nearly 20-year history, aimed specifically at keeping children safe around railroad property.
"These recent events have deeply saddened all of us here at Metra," Metra Chairman Jeffrey Ladd said. "We are reaching out to everyone […]
CPA: UP Should Disclose Political Contributions
Posted Monday, April 12, 2004 in Union Pacific
WASHINGTON – As part of a campaign to bring transparency and accountability to corporate political contributions, the Center for Political Accountability (CPA) is urging Union Pacific Corporation shareholders to support a resolution that asks the company to disclose and explain the business purpose of its political donations.
Union Pacific, the nation’s largest railroad company, currently does […]
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