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Proposed FY16 budget includes six-year surface transportation solution; generous rail funds
President Obama unveiled his proposed budget for Fiscal Year 2016, which includes a six-year $478-billion surface transportation reauthorization proposal that contains rail funding sources through the Generating Renewal, Opportu¬nity, and…
NS plans $2.4 billion capital expenditure program in 2015
Norfolk Southern is targeting a $2.4-billion capital expenditure program in 2015 the railroad revealed during its fourth-quarter and full-year 2014 results presentation. This year's program reflects a $277-million increase over…
Watco to purchase 31 Kinder Morgan terminals
Watco Companies reached a definitive agreement with Kinder Morgan Terminals to purchase 31 terminal operations in the U.S. that span from Stockton, Calif., to Brooklyn, N.Y.
CSX sets 2015 capital expenditures at $2.5 billion
CSX Corporation had a lot of good news for investors during this mornings Quarter 4 2014 earnings conference call including record fourth-quarter 2014 net earnings. The railroad also unveiled that…
House T&I vice chairman, subcommittee chairmen named
Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) has made selections for the committee's six subcommittee chairmen and the full committee vice chairman for the 114th Congress.
KCS leaders visit PCRC, expansion projects
In December 2014, several Kansas City Southern officers and Chairman of the Board of Directors Bob Druten traveled to Panama to visit the Panama Canal Railway Company (PCRC) to see…
NCDOT issues state rail plan executive summary
In anticipation of the January 2015 release of the Draft North Carolina Comprehensive State Rail Plan, the N.C. Department of Transportation (NCDOT) has issued the Plan's Executive Summary.
President Obama signs legislation extending shortline tax credit extension and enacting omnibus spending bill
President Obama signed two key pieces of legislation last week that will impact the rail industry.
Boxhold appointed FDOT secretary
Jim Boxold has been named Secretary of the Florida Department of Transportation, (FDOT) effective January 3, 2015.
CSX opens Montreal intermodal terminal
CSX opened a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, QC.
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