Latest Rail News

Canadian National has refinanced its revolving credit facility with a new four-year, C$800-million (US$830 million) facility co-led by The Bank of Nova Scotia, J.P. Morgan Securities LLC and BMO Capital Markets.

The Federal Railroad Administration has given the green light to restart freight service on the historic Northwestern Pacific rail line between Brazos Junction (Lombard) and Windsor. In a published order signed by FRA Administrator, Joseph C. Szabo, the FRA said it was partially liftin ...
Union Pacific's Board of Directors has voted to increase the quarterly dividend on the company's common shares by 25 percent to 47.5 cents per share. The increased dividend is payable July 1, 2011, to stockholders of record on May 31, 2011. "Two weeks ago Union Pacific reported rec ...
The Canadian City of Ottawa released a report to accelerate the implementation of light rail transit as directed by the city's Finance and Economic Development Committee. If approved, the revised schedule will see the light rail system fully operational in the spring of 2018, a full year earlier ...
The California High-Speed Rail Authority Board of Directors approved beginning a conceptual study of an alternate alignment between Bakersfield and Los Angeles, an alignment that would generally follow Interstate 5, along the route known as the Grapevine, to determine if it may be considered as ...
Construction is wrapping up and kicking off to improve three railroad bridges in eastern North Carolina, all part of ongoing capital investment by the North Carolina Railroad Company. The repairs in New Bern and replacements in Kinston are being undertaken in partnership between NCRR and Norfolk ...
Using a greener, more reliable and cost-effective method of transportation, Siemens transported 22 wind turbine nacelles and hubs by rail from its new wind turbine nacelle assembly facility in Hutchinson, Kan. Shipping the 87-metric-ton nacelles by train has significant efficiency and environmen ...
The U.S. Department of Transportation awarded $186 million in high-speed rail funding to finance track and other improvements on the Chicago to St. Louis corridor between Dwight and Joliet, Ill. The U.S. Department of Transportation notified Congressional Appropriators that they have reprogramme ...
05 May 2011

FTA sends RTD

On May 2, the Federal Transit Administration sent the Regional Transportation District of Denver's Full Funding Grant Agreement for $1.03 billion to Congress for the required 60-day review period. This is FTA's notification that it intends to award the FFGA to RTD for its Eagle P3 Project, givin ...
Maintenance-of-way employees on Georgia & Florida Railway, where train and engine workers have been UTU members since 2006, have voted unanimously in favor of UTU representation. Georgia & Florida Railway, an OmniTrax property, is a 264-mile shortline serving southcentral Georgi ...
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