LaHood Announces $54.6 Million Loan for Kansas City Southern Railway for 30 U.S.-Made Locomotives
WASHINGTON – U.S. Transportation Secretary Ray LaHood announced a $54.6 million loan to Kansas City Southern Railway Company (KCSR) for the purchase of 30 new General Electric ES44AC locomotives. These diesel-electric locomotives, built in Erie, Pennsylvania, will help KCSR meet increasing economic demand, and are more energy-efficient and produce significantly less carbon emissions than the locomotives they are replacing. “We are seeing President Obama’s commitment to rail boost manufacturing all across America,” LaHood said. “This is the kind of investment in our transportation systems that creates jobs, boosts the economy and improves the flow of goods.” In addition to energy