The Indiana Rail Road Company (INRD) released plans for a $17.5-million capital program in 2015 that will focus heavily on bridge projects, a trend it anticipates will continue in the future.
The Quebec government has laid out a plan to buy the Gaspé Railway Company line between Matapédia and Gaspé in the eastern part of the province. Ownership of the line currently belongs to four county municipalities that are served by the line.
A railroad track geometry vehicle regularly collects a terabyte or two of data every month. How to store that much data is one challenge, but a much more pressing challenge is how to turn the raw material into useful information.
Simmons-Boardman Rail Group, which consists of Railway Age, Railway Track & Structures (RT&S) and International Railway Journal (IRJ), has been awarded the event guide contract and emedia partner for Railway Interchange 2015.
President Obama unveiled his proposed budget for Fiscal Year 2016, which includes a six-year $478-billion surface transportation reauthorization proposal that contains rail funding sources through the Generating Renewal, Opportu¬nity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America (GROW AMERICA) Act.
Norfolk Southern is targeting a $2.4-billion capital expenditure program in 2015 the railroad revealed during its fourth-quarter and full-year 2014 results presentation. This year's program reflects a $277-million increase over the railroad's 2014 program.
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.