Corporation said that it has amended its definitive arrangement agreement with
Sirit Inc. (TSX: SI), a global provider of radio frequency identification
technology. Under the terms of the amendment, Federal Signal will acquire all
of the issued and outstanding common shares of Sirit for cash consideration of
C$0.43 per share by way of a court approved plan of arrangement under the
Business Corporations Act, an increase of C$0.13 per share or 43 percent over
the original cash consideration. The transaction has a total equity value of
approximately C$72 million (US $69 million).
Amtrak awarded the Dana B. Kenyon Company a $25-million
contract for the construction of a maintenance facility located in Hialeah,
Fla., near Miami. Construction will begin this spring and will be completed in
Amtrak has asked seven
architectural and real estate firms to submit proposals to redevelop a key part
of Chicago's Union Station and plans to select a winning proposal by the end of
May, the Chicago Tribune reports. The firms include the Chicago office of
architects Skidmore, Owings & Merrill; Chicago developer U.S. Equities
Realty and the Chicago office of Jones Lang LaSalle, which currently manages
Union Station for Amtrak.
A key Illinois General Assembly committee votes on
SB2571 Feb. 23, which would create the Illinois High Speed Rail Authority. The
Authority would be charged with designing, financing, building and operating a
high speed rail network on speeds up to 220 mph using new infrastructure. Responsibility
for upgrades to 110 mph would remain the responsibility of the Illinois
Department of Transportation.
Drivers will spend less
time waiting for trains to pass as Union Pacific increases the speed of its
trains on the rail line that parallels Loop 529 in Rosenberg, Texas. The train
speed limit will increase from 10 miles per hour to 40 mph on nearly three
miles of track that crosses Junker and Scott Roads.
Employees of the Huron
& Eastern Railway Company voted in favor of union representation by the
Brotherhood of Maintenance of Way Employes Division of the International Brotherhood
of Teamsters. After the votes had been counted, an overwhelming majority of
Huron & Eastern employees chose to be represented by the Allied Federation,
which already represents more than 7,000 members of the BMWED/IBT.
Jobs. Thousands of them.
That's one of the main ways supporters pitched the two trains heading for
Orlando, Fla., the Sentinel reports.
A plan to build a new
railroad through George County, Miss., that will connect the Port of Pascagoula
with rail connections at Lucedale and Meridian has hit its first bump in the
road, but has not been derailed, the Hattiesburg American reports.
The rail stop adjacent to
the former Chrysler plant is one of the site's most significant assets -- but
the trains could cease stopping there if one of several proposed Newark, Del.,
station locations gains the support of transportation officials, The News
The time could be ripe to
attract federal money for a trolley system connecting downtown Lorain, Ohio,
with other parts of the community, supporters of Lorain Street Railway said, the
Morning Journal reports.
On Feb. 22, Lorain City Council committees will
consider a presentation from Dennis Lamont, president of Lorain Street Railway,
which advocates the streetcar system.