A critical choke point on Norfolk Southern's Crescent Corridor has been eliminated with a reconfigured rail junction near Front Royal, Va. This was the final and most complex of six capacity improvement projects in Northern Virginia to handle more trains at higher speeds.
L.B. Foster Company said it is extending its previously announced cash tender offer, through its wholly-owned subsidiary Foster Thomas Company, for all outstanding shares of common stock of Portec Rail Products, Inc., until 12:00 midnight, New York City time, on August 30, 2010. The tender offer was previously set to expire at midnight, New York City time on August 16, 2010.
When railroads were first stretching their tentacles across vast new parts of this country, each new expanse of track was bought with Herculean human labor, the Racine, Wis., Journal-Times reports. No longer. Maintaining and replacing the rails still requires manpower, but far less of it. Mechanization has replaced much of what the gandy dancer and the sledgehammer achieved.