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CN targets C$1.75 billion in 2012 capital investments
CN plans to invest C$1.75 billion (US$1.46 billion) in 2012 to maintain and upgrade its railway network, support growth and productivity initiatives and continue to provide customers with a high…
Koppers awarded crosstie order to South America
Koppers Inc. received a purchase order to supply treated crossties to Vale in South America. The estimated revenues from the order are $9-$11 million, and the order is expected to…
TIFIA loan requests top $13 billion
The Department of Transportation received 26 TIFIA (Transportation Infrastructure Finance and Innovation Act) letters of interest exceeding $13 billion. U.S. Transportation Secretary Ray LaHood said that the overwhelming demand for…
UP to invest $200 million in South Louisiana
Union Pacific will invest $200 million in three projects across South Louisiana to expand operations, creating 225 new direct jobs, retaining 1,100 employees and creating 1,500 construction jobs.
Feds recommend $2.2 billion to advance transit projects in 15 states
U.S. Transportation Secretary Ray LaHood recommended $2.2 billion in funding to begin or advance construction of 29 significant rail and bus rapid transit projects in 15 states. All the recommendations…
UP to put $17.1 million into Oregon, California infrastructure
Union Pacific is enhancing the California and Oregon transportation infrastructure by investing $6.5 million in its Kenton and Graham Lines in the Portland, Ore., metropolitan area and $10.6 million in…
Honolulu Rail Transit could be big winner in Obama budget
Senator Daniel K. Inouye, Senator Daniel K. Akaka, U.S. Representative Mazie K. Hirono and U.S. Representative Colleen Hanabusa released a statement saying the Obama Administration requested $250 million for the…
USDOT proposed budget set at $74 billion
U.S. Transportation Secretary Ray LaHood today praised President Obama's $74 billion budget for the U.S. Department of Transportation saying the funds will lay a new foundation for economic growth and…
KCS leadership lays out 2012 plans for KCS de Mexico
Last week, KCS leadership from north and south of the U.S.-Mexico border were in Monterrey, Nuevo Leon, Mexico to conduct a town hall meeting with KCS de Mexico employees.
Where will the money go in 2012?
Freight railroads gear up for a record year of capital spending estimated to reach the $13 billion mark. Class 1 railroad budgets are gearing up for another robust year and…
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