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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…
AAR: Freight railroads to spend a record $29 billion on network; hire 15k in 2015
U.S. freight railroads plan to spend an estimated $29 billion on the nation's rail network and project to hire about 15,000 people in 2015, the Association of American Railroads (AAR)…
Sen. Sanders wants $1 trillion for nation’s infrastructure
Sen. Bernie Sanders (I-Vt.), the Senate Budget Committee ranking member, has introduced legislation to rebuild America's crumbling network of roads, bridges and transit systems and other infrastructure projects. The five-year…
Minnesota Gov. Dayton reveals plan to fix state infrastructure
Minnesota Gov. Mark Dayton has proposed a plan to fix Minnesota's aging transportation systems, which would invest $6 billion over the next 10 years to address the state's highway funding…
Potash Ridge, Watco enter agreement on construction and rail service
Potash Ridge Corporation has signed a Memorandum of Understanding (MOU) with Watco Companies for activities related to the Build-Own-Operate (BOO) of a loading facility and shortline railroad to service the…
CFE takes on track project to improve freight congestion
The Chicago, Ft. Wayne & Eastern Railroad (CFE) is planning a track improvement project enabling 40-mph train speeds across the entire 315-mile rail line from Tolleston, Ind., to Crestline, Ohio.
ACE celebrates completion of Baldwin Avenue grade separation
Alameda Corridor-East Construction Authority (ACE) completed major construction on a four-lane roadway underpass and a two-track railroad bridge carrying freight trains over Baldwin Avenue, north of Valley Boulevard in the…
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.
CRC alliance with Taylor-DeJongh to target expansion of CRC shortline portfolio
Continental Rail Corporation (CRC) says it has established a strategic relationship with energy and infrastructure banking firm Taylor-DeJongh that will target transportation infrastructure assets in North America.
Railway Age seeks Short Line/Regional Railroad of the Year
Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Shortlines and regionals—and there are more than 500 of them—are invited to submit entries…
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