The U.S. Department of Transportation approved a $545.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan that will enable the Los Angeles County Metropolitan Transportation Authority (LACMTA) to advance construction of a new light-rail transit line along the Crenshaw corridor.
Connecticut will receive $120 million in high-speed intercity passenger rail program funding from the U.S. Department of Transportation to complete construction on the Hartford segment of the New Haven to Springfield, Mass., passenger rail corridor.
As part of the Chicago Region Environmental and Transportation Efficiency Program (CREATE), the Blue Island-Riverdale-Dolton Signal Modernization Project is complete.
As part of President Obama's We Can't Wait initiative, two nationally and regionally significant transit projects in Minneapolis, Minnesota and Cleveland, Ohio, will be expedited to put Americans to work and will provide Minnesota and Ohio with more transportation choices.
Rehabilitation work has begun on New York's Metro-North Mount Vernon East, Pelham and New Rochelle stations and will begin next summer at Larchmont, Mamaroneck and Harrison stations in a major upgrade that will bring these six facilities to a state of good repair over the next two years.
Twelve miles of inactive railroad running through the city of Kokomo to Tipton, Ind., will soon be reopened to rail freight traffic by early 2014.
Mike Franczak, executive vice president and chief operations officer for Canadian Pacific, has resigned.
Kansas City Southern has appointed Stephen Schollaert as vice president sales and marketing. In this position, he leads the carload business unit for The Kansas City Southern Railway Company (KCSR) and reports to KCS executive vice president sales and marketing Patrick Ottensmeyer.
Genesee & Wyoming Inc. has completed the acquisition of RailAmerica, Inc. and entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion term loan and $425 million revolving credit facility.
In 2012, the freight rail industry will invest $23 billion to build, maintain and upgrade the nation's rail network, according to two new ads released by The Association of American Railroads.