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CN plans CA$2.5 billion capital program in 2017
Canadian National has planned a CA$2.5 billion (US$1.9 billion) capital program in 2017, down CA$25 million (US$19 million) from 2016.
PANYNJ issues preliminary engineering RFP for LaGuardia AirTrain
The Port Authority of New York and New Jersey (PANYNJ) has issued a Request for Proposals for preliminary engineering and other planning work for a new AirTrain connection to LaGuardia…
Union Pacific board approves $3.1 billion 2017 capital program
The Board of Directors of Union Pacific approved its $3.1 billion capital program for 2017.
New York awards $25 million to rail, port projects
The state of New York awarded $25 million in grants to 19 rail and port projects through the Passenger and Freight Rail Assistance Program.
AAR estimates freight railroads will spend $22 billion on capital programs in 2017
The Association of American Railroads (AAR) estimates U.S. freight railroads will spend an estimated $22 billion in 2017 on capital programs.
Legislation to make 45G tax credit permanent re-enters House
A bill that would make the shortline maintenance tax credit permanent was introduced to the House of Representatives during the evening of Jan. 30.
Mining firm does away with rail spur as part of Nebraska project
NioCorp Developments Ltd. is removing plans for a 4.3-mile rail spur and supporting infrastructure that would have been constructed as part of its planned Elk Creek Superalloy Project.
CSX plans $2.2 billion capital program for 2017
CSX revealed a preliminary 2017 capital investment of $2.2 billion during its Fourth Quarter earnings call on Jan. 18.
Kansas City Southern 2017 capital program to be in $550-$560M range
Kansas City Southern will spend between $550-$560 million on it's capital program in 2017, which is a four to five percent reduction from its 2016 capital program of $584 million.
Union Pacific targets $3.1 billion capital program in 2017
Union Pacific aims to spend approximately $3.1 billion on its 2017 capital program, pending approval by the Class 1's Board of Directors.
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