Miscellaneous

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Miscellaneous

Axion Signs Milestone $957,000 Contract for Construction of Railroad Bridges Made from Recycled Plastic

November 18, 2009 Railfanning.org News Wire
NEW PROVIDENCE, N.J. –Axion International Holdings, a next-generation technology innovator utilizing recycled plastic for high-load industrial products, today announced the completion of a milestone $957,000 contract for the construction of two railroad bridges designed from nearly 100 percent recycled plastics. The U.S. Army has commissioned each of these bridges to be built at Fort Eustis, Va., home of the U.S. Army Transportation Corps. The main structural components of these bridges will be made entirely from recycled consumer and industrial plastics using Axion’s proprietary immiscible blending to create Recycled Structural Composites (RSC). With load rating capacities of 130 tons, these bridges
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Miscellaneous

Proposed National Gateway Projects Create Thousands of Job OpportunitiesProposed National Gateway Projects Create Thousands of Job Opportunities

October 22, 2009 Railfanning.org News Wire
WASHINGTON — The National Gateway initiative will spur thousands of employment opportunities throughout the Midwest and East Coast, creating growth and building the nation’s economic competitiveness. The National Gateway is an $842 million, multi-state public-private infrastructure initiative which will create a more efficient freight rail route between Mid-Atlantic ports and Midwestern markets. Planned improvements that will create job opportunities include raising bridges, increasing tunnel clearances and building new terminals along existing rail corridors to support the movement of double-stacked containers on rail cars. The National Gateway will create more than 50,000 jobs, with almost 10,000 of those jobs created during
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Miscellaneous

National Gateway in the Spotlight as Public-Private Partnerships Gain Significance

October 14, 2009 Railfanning.org News Wire
WASHINGTON — More than 140 supporters from the public and private sectors in six states have joined together in endorsing the National Gateway, an unprecedented public-private partnership dedicated to revolutionizing the nation’s transportation system, preparing it for the widely predicted growth in global demand. Recently honored as “Competitiveness Project of the Year” by the North American Strategic Infrastructure Leadership Forum, the National Gateway has emerged as a leading public-private partnership. The project will use intermodal transportation and double-stack trains to improve America’s global market competitiveness, create jobs, reduce transportation-related emissions and alleviate congestion on roads and highways. Public-private partnerships strategically
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Miscellaneous

National Gateway Announces Addition of More Than 50 New Supporters

October 7, 2009 Railfanning.org News Wire
WASHINGTON — The National Gateway, an unprecedented public-private partnership dedicated to improving the nation’s freight capacity, today announced the addition of nearly 50 new supporters since June 1, 2009, bringing the total number of coalition supporters to more than 140. The National Gateway is an $842 million, multi-state public-private infrastructure initiative which will create a more efficient freight rail route between Mid-Atlantic ports and Midwestern markets. Planned improvements include raising bridges, increasing tunnel clearances and building new terminals along existing rail corridors to support the movement of double-stacked containers on rail cars. The coalition has the support of both public
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Miscellaneous

‘Common Sense’ safety tips for pedestrians

September 24, 2009 Railfanning.org News Wire
Part I: Play it safe when it comes to railroad crossings Part II: Train vs. motorists or pedestrians – the train will win A number of organizations – Operation Lifesaver, the U.S. Department of Transportation and major railroad companies – joined together to launch the Common Sense campaign. The initiative aims to reduce the number of pedestrians who are killed and injured when trespassing around tracks and trains. The only safe place to cross railroad tracks is at a public crossing—designated by the crossbuck. Turn your cell phone and MP3 players off when you’re near train tracks. Forget texting, as
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Miscellaneous

FreightCar America Reports Strong Second Quarter 2009 Results

September 23, 2009 Railfanning.org News Wire
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
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BNSF

AAR Reports Rail Traffic Continues to Register Gains

September 4, 2009 Railfanning.org News Wire
WASHINGTON — The Association of American Railroads today reported that rail traffic continues to register incremental gains on a week-to-week basis, but remains down year over year. Rail carloadings were at their highest level since the week ended Dec. 13, 2008. For the week ended Aug. 29, 2009, U.S. railroads reported originating 285,580 cars, down 16.2 percent compared with the same week in 2008. Regionally, carloadings were down 16 percent in the West and 16.6 percent in the East. Intermodal traffic of 202,553 trailers or containers on U.S. railroads was down 15.6 percent from the same week last year. Container