L.B. Foster Company and
Portec Rail Products, Inc., said that they have each received a formal second
request for additional information and documentary material from the Antitrust
Division of the Department of Justice regarding the Agreement and Plan of
Merger dated February 16, 2010 pursuant to which L.B. Foster proposed to
acquire Portec through a tender offer and subsequent merger.
The Winter Haven, Fla.,
City Commission approved the first reading for a land-use change enabling
progress to continue on the proposed Integrated Logistics Center to be
developed in conjunction with the CSX Intermodal Terminal planned for the
southern portion of the city, the News Chief reports.
Senior executives from
Kansas City Southern and Norfolk Southern recently made their annual inspection trip across the Meridian
Speedway to see the capital improvements that have been made to increase
capacity and improve transit over the line from Shreveport, La. to Meridian,
Miss., KCS News, the company newsletter, reports.
Denver's RTD has reached a
total $143.8-million agreement with BNSF that will move progress forward on two
FasTracks corridors to Arvada/Wheat Ridge and Westminster, Colo.,
according to a column by Kevin Flynn in InDenver Times. The
comprehensive agreement includes $102.7 million for the outright purchase of
railroad right-of-way for the Gold Line and several miles of the Northwest Rail
FasTracks corridors; a lump sum of $36.9 million in relocation funding for BNSF
to move and replace its facilities that are in the way of RTD's projects; up to
$4 million in direct reimbursements of BNSF's other costs for additional
construction or relocation that may occur incidental to the projects and
$200,000 for title insurance, closing costs and escrow fees.
Metra plans to spend $100
million to install a high-tech system that would keep trains from colliding or
prevent a distracted engineer from speeding through a warning signal to slow
down or stop, the Chicago Tribune reports.
Repairs to the
Fredericksburg, Va., train station could be under way this summer, The Free
Lance-Star reports. Virginia Railway Express received permission from its
Operations Board to issue an invitation for construction bids to repair the
drainage system in the station's railroad bridge.
Momentum is building for
running conventional passenger trains between Norfolk and Richmond, Va., as an
interim step to getting high-speed rail, The Virginian-Pilot reports. The budget
approved by the Virginia General Assembly last week waives a 30 percent match
on state Rail Enhancement Funds, clearing a financial hurdle that will allow
construction to begin later this year and for trains to run within three years.
Los Angeles Metro will be
conducting a second round of exploratory drillings March 22-April 7 as part of
the planning and environmental analysis for the proposed Crenshaw /LAX Transit
Work on a $2.8-million
project to add additional signals to the Caltrain signal system took place from
8 p.m. to 4 a.m., Friday, March 19 and Saturday, March 20 between the San Mateo
and Redwood City stations.
Ill., Planning Commissioners revisited a past proposal to construct a
pedestrian crossing over the railroad tracks between the Metra station and the
north side of the village, local newspapers report. They hope the village can
pursue the project in the future to reduce risks for people walking across the
railway to and from the station and their homes or downtown Elburn.