Year: 2009

WASHINGTON — the Surface Transportation Board issued its final decision revising its method for calculating the railroad industry’s cost of capital. The Board adopts a simple average of a Capital Asset Pricing model (CAPM) and a multi-stage Discounted Cash Flow (DCF) model to calculate the cost of equity—one component of the cost of capital. The Board concludes that this methodology will yield a more precise determination than relying on CAPM alone. In January 2008, the Board replaced its single-stage DCF model with a CAPM model. During the CAPM rulemaking process, several parties urged the Board to use a multi-stage DCF

WASHINGTON — As a part of its Great American Stations Project, Amtrak is hosting its fourth Civic Conversation in Savannah, Ga., Feb. 3 and Feb. 4, to discuss the redevelopment and restoration of passenger rail stations along the routes of the Carolinian, Crescent, Palmetto, Piedmont, Silver Meteor and Silver Star. The Atlantic Coast trains serve passengers between New York and Florida and New Orleans. During the meeting on Feb. 4, case studies from both large and small communities will be highlighted. Representatives of those communities will explain how they shepherded their projects to successes that sparked additional redevelopment in their

Trains still roar past the Kennesaw House located between the city square and the railroad tracks a block away. Turn back the clock 145 years to April 12, 1862, and the Kennesaw House was the stepping off point for one of the more intriguing episodes of the Civil War.