Stella-Jones Inc. has
signed a non-binding letter of intent to acquire Tangent Rail Corporation, a
provider of wood crosstie supply chain services to the railroad industry. This
acquisition will expand Stella-Jones' capabilities within the U.S. railway tie
industry and provide the company with creosote manufacturing operations.
Tangent's sales for the year ended December 31, 2009 are expected to reach
approximately US$175 million.
At the board meeting on
December 10, 2009, the Santa Clara Valley Transportation Authority Board of
Directors authorized $5.8 million for the construction of Caltrain safety
improvements. These improvements include modifications to railroad crossing
gates, installation of guardrails, fencing, pedestrian gates, emergency swing gates,
sidewalk, crossing panels and tactile warning panels as well as grading
modifications to crossings within the Joint Powers Board owned segment (between
Sunnyvale and Palo Alto).
The final waiting period
has begun for the Final Environmental Impact Statement paperwork required for
the Detroit Intermodal Freight Terminal in Detroit, Crain's Detroit Business
reports. The terminal project, between Wyoming and Livernois avenues south of
I-94, has a $445-million price tag in 2006 dollars (for the preferred
alternative) and is designed to consolidate train and trucking infrastructure.
The Sonoma-Marin Area Rail
Transit district in California has received $2.5 million in federal funds for
preliminary engineering and environmental work on its planned commuter rail
line, the Santa Rosa Press Democrat reports. The funds were in the Fiscal Year
2010 Omnibus bill, which the Senate passed on Dec. 13, according to
Congresswoman Lynn Woolsey, D-Calif.