CSX Corporation had a lot of good news for investors during this mornings Quarter 4 2014 earnings conference call including record fourth-quarter 2014 net earnings. The railroad also unveiled that it will target a $2.5-billion capital expenditure program in the upcoming year. In 2014, the railroad targeted a $2.3-billion capital spend program.
BNSF, the Minnesota Department of Transportation (MnDOT), the city of Willmar, Kandiyohi County and the Kandiyohi/Willmar Economic Development Commission have entered into a revised Memorandum of Understanding allowing the partners to apply for federal funds to help pay for a wye project.
In anticipation of the January 2015 release of the Draft North Carolina Comprehensive State Rail Plan, the N.C. Department of Transportation (NCDOT) has issued the Plan's Executive Summary.
President Obama signed two key pieces of legislation last week that will impact the rail industry.
The House and Senate's effort to keep the federal government operating through the end of fiscal year 2015 was revealed late Tuesday in the form of a trillion-dollar-plus spending bill, Consolidated and Further Continuing Appropriations Act of 2015.
Two North American companies won top honors for Bentley System, Inc.'s Be Inspired Awards, part of Bentley's annual Year in Infrastructure Conference, held in London, U.K., Nov. 4-6. Bentley provides software solutions to engineers, architects and constructors for sustaining intelligent infrastructure. The awards recognize users' efforts to improve the world's infrastructure.
CSX, along with federal, state and local officials, celebrated the grand opening of the new Central Florida Intermodal Logistics Center (ILC) in Winter Haven. The facility, which began operations earlier this year, provides a centralized hub for transportation, logistics and distribution serving Orlando, Tampa and other regional Florida markets.
The U.S. Department of Transportation's Federal Railroad Administration (FRA) released the findings and recommendations on Oct. 16, 2014, from its focused safety assessment of Metra, the Chicago area's suburban rail service.
The Federal Railroad Administration (FRA) has given Caltrain the green light to proceed with the installation and testing of its Positive Train Control (PTC) technology.