Month: May 2010

KNOXVILLE, Tenn. — A wholly-owned subsidiary of National Coal Corp. sold 42 miles of rail line between Oneida and Devonia, Tenn., to R.J. Corman Railroad for approximately $3 million.

WASHINGTON — Affordable coal-based electricity has helped ensure America’s position as a global economic superpower, and freight railroads are a big reason for that, Association of American Railroads (AAR) President and CEO Edward R. Hamberger told the Congressional Coal Caucus.

NEW YORK — The Metropolitan Transportation Authority has entered into a contract with a joint venture of Related Companies and new partner Oxford Properties Group for the development of the MTA’s Hudson Yards into a mixed-use community that will include 12 million square feet of commercial and residential development.