N.J. Transit is moving forward with a $250-million overhaul of the Walter Rand Transportation Center in Camden with the release of a Request for Proposals (RFP) to design a new facility to replace the current terminal.
After securing approximately $2 billion in pandemic relief from the American Rescue Plan (ARP) for N.J. Transit, U.S. Sens. Bob Menendez and Cory Booker, D-New Jersey, said they want more federal tax dollars to help modernize New Jersey’s aging transportation infrastructure.
Kansas City Southern’s Board of Directors unanimously determined that Canadian National Railway’s unsolicited proposal could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian Pacific Railway.
Canadian National Railway submitted an unsolicited proposal to acquire Kansas City Southern in a cash and stock transaction valued by CN at $325 per KCS share.
The Savannah Port Terminal Railroad (SAPT) has broadened its rail services agreement with the Georgia Ports Authority (GPA) to include GPA’s new Mason Mega Rail Terminal.
The story of the Northeast Corridor is the perfect example of railroad history, Railfanning.org Editor Todd DeFeo told the Metuchen-Edison Historical Society on Thursday.
The transaction is part of the Commonwealth’s previously announced multi-billion dollar rail transportation initiative to improve service and infrastructure in the state.
With the passage of House Bill 511, state lawmakers have established a mechanism to annually fund capital transit projects that support economic development priorities throughout the state.