SACRAMENTO, Calif. — The California High-Speed Rail Authority unanimously approved an application for more than $4.5 billion in federal stimulus funding for engineering, design and construction on the state’s high-speed train system – generating an investment of $9.1 billion when state matching funds are added.
CHICAGO — FreightCar America reported net income of $7.0 million, or $0.59 per diluted share, for the three months ending June 30 on revenues of $104.3 million. For the second quarter of 2008, the company generated sales of $141.3 million and a net loss of $400,000, or $0.03 per diluted share. These 2009 results are consistent with the preliminary second quarter financial metrics that the company announced on July 28, officials said. The company recently announced that it had identified historical accounting errors in accounts payable that resulted in the understatement of its cumulative net earnings since the fourth quarter
FORT WORTH, Texas — Work has started to replace BNSF Railway’s 118-year-old swing span over the Mississippi River at Burlington, Iowa, with a modern lift span that will increase the river channel width from 150 feet to 307 feet 6 inches. The $70 million project is scheduled for completion in the summer of 2011. Construction of the lift span is being financed in part through the American Recovery and Reinvestment Act of 2009 and previous year appropriations under the Truman-Hobbs Act, which provides federal funds for the alteration of bridges found to be unreasonably obstructive to navigation. The Truman-Hobbs Bridge
MONTREAL — CN has unveiled an upgraded on-line greenhouse gas-emissions (GHG) calculator that estimates total carbon emissions for shipments across multiple modes of transportation. The new calculator, located at http://www.cn.ca/ghg_calculator, generates carbon-emission estimates for shipments using a combination of vessel, rail and truck – such as containers moving internationally from Asia to North American destinations along CN’s network — or domestic shipments using a combination of rail and truck or a single mode of transportation. “CN is more than a railway – today we offer the marketplace total transportation solutions involving rail, truck, vessel, as well as warehousing and distribution
WASHINGTON — National Transportation Safety Board Chairman Deborah A.P. Hersman this week filled two senior management positions at the agency. David L. Mayer was named Managing Director, the senior career position at the Safety Board. Mayer has been Deputy Managing Director since January 2005. Mayer began his career at the Safety Board in 1991 in the Office of Research and Engineering, where he was responsible for transportation safety databases, and for the design and management of safety studies. In 1996 he moved to the Office of Aviation Safety, where he worked on a number of the Board’s investigations. He was
The regular commuter train from Tokyo to Japan is slow, to say the least – especially compared to the high-speed bullet trains that speed across the countryside. The local train stops at town after town, and the crowd of people aboard the train as we pulled out of Tokyo thins out more and more with each stop.
OMAHA, Neb. — Union Pacific has been named one of the nation’s top 50 “Best Places to Launch a Career” by BusinessWeek. The magazine ranks the railroad No. 28 on the list, up from No. 39 last year. “We are proud to be recognized again by BusinessWeek,” said Barb Schaefer, Union Pacific senior vice president – Human Resources. “While hiring levels have declined in conjunction with Union Pacific’s business levels during the global recession, we continue to look for ways to bring top talent into our organization. Over the next several years, we expect retirements and business growth will create
NORTH PLATTE, Neb. — Thousands descended on North Platte, Neb., to take in the sights and sounds of Union Pacific Railroad’s No. 844, the last steam locomotive built for Union Pacific, and UP’s Bailey Yard during the area’s RailFest celebration. “The crowds along the route have been tremendous and we sincerely appreciate those who have taken the time to come and experience a part of Union Pacific’s heritage,” said Steve Lee, Union Pacific’s manager – operating practices and one of No. 844’s engineers. “Union Pacific’s historical ties run deep in North Platte so it is only fitting that we display
ATLANTA — The U.S. Department of Transportation awarded MARTA with a $10.8 million grant under the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) Grant Program. The grant will be used to install energy-efficient solar panels at the Laredo Bus Maintenance Facility in Decatur, Ga., resulting in considerable cost-savings for MARTA and creating much-needed economic opportunities for metro Atlanta, officials said. The TIGGER award represents “a timely and substantial contribution” to MARTA’s sustainability initiatives and continuing commitment to be innovative and cost-effective, MARTA said in a news release. The turnkey project will provide for shade structures with integrated, grid-tied
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