Two separate construction
projects in Philadelphia will alter SEPTA's Broad Street Line service the
weekend of Feb 19-21. From 8 p.m. Feb. 19 through 4 p.m. Feb. 21, Broad Street
line trains will not stop at Fairmount Station as construction continues at
Spring Garden Station. Riders traveling northbound who wish to go to Fairmount
Avenue will have to exit the Broad Street Subway at Spring Garden Street and
transfer to the Route C bus. Southbound passengers will have to exit at Girard
Avenue to transfer to the Route C bus to Fairmount Avenue.
Commonwealth of Kentucky and the U. S. Department of Transportation said that
R. J. Corman Railroad Group's Appalachian Regional Shortline Project has been
awarded a Transportation Investment Generating Economic Recovery (TIGER) grant
of $17,551,028. This
transportation infrastructure grant will be matched by a 20 percent company
investment of $4,187,758 and by $200,000 from the Commonwealth of Kentucky bringing
the total project investment to $21,938,786. These funds will enable the rehabilitation
of hundreds of miles on five unconnected shortline railroads in Kentucky,
Tennessee and West Virginia.
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.
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.
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.
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
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.
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.
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.