Koppers Holdings Inc. said that one of its wholly-owned
subsidiaries, Koppers International B.V. has completed a transaction to acquire
100 percent of the outstanding shares of privately-owned Cindu Chemicals B.V.
("Cindu") from joint owners Cindu B.V. and Corus Staal B.V. for an
undisclosed purchase price. Koppers has funded the acquisition primarily with
cash on hand in Europe.
Residents in the area of
the CSX Transportation freight yard on Franklin Street in Worcester, Mass., made
it clear at a meeting they are not looking to fight the company's plans to more
than double the size of its facility, but they emphasized they want to have
some say in those plans to mitigate potential negative impacts to their
neighborhood, the Worcester Telegram reports.
At a Cleveland Regional
Transportation Authority meeting, Joe Calabrese, CEO & General Manager,
presented RTA's federal legislative priorities. RTA is seeking four earmarks in
the 2011 appropriations cycle:
1. $5 million for the
construction of the proposed Mayfield Road Station
Cleveland near Little Italy.
2. $4.5 million for the construction of a new
Red Line station on Brookpark Road on the Cleveland-Brook Park border.
3. $1.5 million to
prepare the final design of a proposed .5 mile extension of
the Blue Line in Shaker
4. $5.0 million to
construct the final design of the Clifton Blvd.
Transit Enhancement Project
in Lakewood and Cleveland.
The National Gateway
coalition has added "Project Updates," an online resource for community
members, contractors and others seeking information about current and upcoming
National Gateway projects, to the initiative's Web site, NationalGateway.org.
Los Angeles Metro Blue
Line passengers will experience travel delays of up to 40 minutes for two consecutive
weekends beginning March 5 due to construction of the Expo light rail line,
which will connect with the Metro Blue Line in downtown Los Angeles. The bus
bridge begins March 5 at 9 p.m. Work will begin at 9 p.m. on March 5 and will
continue until the early morning hours of Monday, March 8, on the first
weekend. The same plan is for the second weekend beginning Friday night, March
12, and continuing until the early hours of Monday, March 15.
During weekends in March,
Metro in Washington, D.C., will weld rail and replace track fasteners, track
circuits and floating slabs that will help ensure more reliable Metrorail
service. Customers should expect travel delays during the weekends of March 5
to 7, March 12 to 14, and March 19 to 21.
Metro will not conduct major track
maintenance during the opening of the National Cherry Blossom festival on
Saturday, March 27.
International Airport received its fifth installment of federal funding to
support airport expansion efforts, U.S. Rep. Pete Visclosky, D-Merrillville,
said, according to the Gary Post-Tribune. The $5-million grant will go toward
the airport's runway extension project and is part of a $57.8-million
allocation over 10 years. To date, the airport has received more than $25
million from its grant awarded by the Federal Aviation Administration.
NJ Transit will cut 200 jobs and apply an emergency spending
freeze in an attempt to fill a $300 million budget gap. Executive salaries will
be reduced by five percent and contributions to employee 401(k) retirement
accounts will be cut by a third, The Star-Ledger reported.
Although the reductions will save more than $30 million, the
agency is expected to announce service cuts and fare hikes next week, which
could start as soon as May and could be increased by 20 to 30 percent. The
state is also dealing with its own $2.2 billion budget gap and may withhold
close to $33 million in subsidies from the agency.
The 200 union and non-union layoffs represent around two
percent of the 10,500-person workforce at NJ Transit, the nation's
third-largest public transit system. It is the deepest one-year workforce
reduction in the agency's 30-year history.
NJ Transit will hold a series of public
meetings and information sessions around the state later this month. They are
scheduled for 5:30 to 8:30 p.m. March 25 at the Passaic County Community
College Theater in Paterson, NJ Transit headquarters in Newark, the Trenton
Transit Center and the Monmouth County Library in Manalapan; from 5:30 to 8:30
p.m. March 26 at the Frank R. Lautenberg Rail Station in Secaucus, Camden City
Hall, Morristown Town Hall, Long Branch Middle School auditorium and Port
Authority Bus Terminal in New York; and from 1 to 4 p.m. March 27 at Bergen
County Freeholders public meeting room in Hackensack and the Atlantic City Rail
Corporate Responsibility has named Union Pacific Railroad
among its 100 Best Corporate Citizens for 2010. The only railroad named to the
list, Union Pacific is ranked second among all transportation companies and No.
The 100 Best Corporate Citizens for 2010 measures Russell
1000 Index companies in approximately 360 data points across seven categories:
governance, environmental, human rights, employee relations, climate change,
philanthropy and financial. Union
Pacific ranks among the leaders in the governance and financial categories.