Month: July 2006

ATLANTA — The city’s mass transit system has posted its first operating profit in nine years, it announced today. For fiscal year 2005-06, MARTA finished in the black by $19 million, The Associated Press reported. Officials has expected an $18 million loss. "It’s a very positive picture going into the future," AP quoted Richard McCrillis, MARTA’s interim general manager, as saying. "MARTA has its financial picture together."

WASHINGTON — A U.S. Senate bill is aimed at addressing "the crisis in freight transportation by providing incentives for railroads and shippers to expand their freight capacity," according to U.S. Sen. Trent Lott, R-Miss. The measure was introduced July 26. "With highways and airways becoming increasingly congested, pressure is on the railroads to accommodate the rising tide of freight," Lott said. "Freight railroads and railroad shippers could expand their operations — adding second or third tracks, rail spurs and signals — under my legislation, the Freight Rail Infrastructure Capacity Expansion Act." The bill would establish a 25 percent tax credit

WASHINGTON — Some time this fall, the Surface Transportation Board is planning to hold a public hearing to address "certain issues related to the rail transportation of grain," the agency announced in a news release. The United States Government Accountability Office (GAO) on June 21 released preliminary observations on rates, competition and capacity issues within the American rail freight industry. GAO reported that the changes that have occurred in the rail industry since the Staggers Rail Act of 1980 are widely viewed as positive. The financial health of the industry has improved substantially as railroads have cut costs and boosted