Latest Rail News

CSX congratulated Ohio Governor Ted Strickland, Maryland Governor Martin O'Malley, Pennsylvania Governor Ed Rendell, Virginia Governor Bob McDonnell, West Virginia Governor Joe Manchin and the National Gateway coalition on the award of $98 million in Transportation Investment Generating Economic Recovery (TIGER) grant money. The funds will go immediately to construction projects that enhance the use of fuel-efficient and environmentally-friendly freight rail.

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One year to the day after President Obama signed the historic American Recovery and Reinvestment Act into law, Secretary of Transportation Ray LaHood will announce Recovery Act awards to states, tribal governments, cities, counties and transit agencies across the country to fund 51 innovative transportation projects.

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The right lane of southbound Route 123 between Scotts Crossing Road and the I-495 Capital Beltway Inner Loop will close for approximately two years beginning on or about Monday, Feb. 22. The closing had been previously scheduled to begin on or about Feb. 8 but the recent snowstorms forced a delay.

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A program to reduce train congestion in the Chicago area is getting a major boost with $100 million in federal stimulus money for 16 rail projects, officials said Feb. 16, the Chicago Tribune reports. That's good news for frustrated Metra and Amtrak passengers, harried motorists and anxious shippers who are victims of affected by snarled freight train traffic, officials said. And as part of the stimulus program's primary goal, the program is expected to create thousands of jobs.

 

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L. B. Foster Company and Portec Rail Products, Inc., both headquartered in Pittsburgh, jointly announced the signing of an Agreement and Plan of Merger under which L. B. Foster will make, through its wholly owned acquisition subsidiary, a cash tender offer to acquire all of Portec's outstanding shares of common stock for $11.71 per share

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Hampton Roads Transit's new president and CEO, Philip Shucet, called for the inspector general to investigate the agency's light-rail project and business practices, The Virginian-Pilot reports. HRT in recent months has been faulted for amassing more than $100 million in cost overruns on Norfolk's starter light-rail line and for failing to pursue a suspected embezzlement of $80,000.

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Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. said it has completed a transaction with Barham-Sevier Tie Company, Inc. to acquire a crosstie procurement business that includes land and equipment for an undisclosed purchase price. The asset purchase from Barham-Sevier is expected to result in total additional revenues of approximately $8 to $10 million on an annual basis.


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The Wisconsin Legislature's Joint Finance Committee agreed Feb. 16 to accept $822 million in federal stimulus funds for high-speed rail linking Madison, Milwaukee and Chicago, but not before lawmakers wrangled over whether the project was necessary, the Milwaukee Journal Sentinel reports. The funds had been sought by Gov. Jim Doyle to link the three cities - and potentially the Twin Cities. The vote represents the final action for Wisconsin to tap the stimulus funding for rail.

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A light rail plan along Woodward to connect downtown Detroit with New Center will get a $25-million infusion of federal money, officials briefed on the matter told The Detroit News. The federal funds -- to be announced Feb. 17 -- are a big boost for the M-1 Rail Project, which would represent Detroit's first foray into rail-based public transit since the opening of the People Mover in 1987.

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Sidetracked for nearly four years, an ambitious plan to convert the Farley Post Office into a train station named after Sen. Daniel Patrick Moynihan got a jump-start when the federal government kicked in $83.3 million in stimulus funds to put the project back on track, the New York Daily News reports. The funding gives the state the $267 million it needs to begin Moynihan Station's first phase, which will create new access to rail platforms beneath the post office and expanded rail facilities in Penn Station across the street.

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