Class 1

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 Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America (GROW AMERICA) Act.

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 plan would invest $1 trillion and create or maintain at least 13 million decent-paying jobs, says Sanders.

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 deficit, invest $2.356 billion in local government transportation projects and provide $2.92 billion for Metro and Greater Minnesota transit systems. The Governor’s proposal would create an estimated 119,000 new jobs and build the infrastructure necessary to meet the demands of a growing population and an expanding state economy.

RailComm upgrades Louisville yard

A North American Class 1 railroad with a large switching yard located in Louisville, Ky., has chosen to upgrade their existing RailComm yard control system.

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 it will target a $2.5-billion capital expenditure program in the upcoming year. In 2014, the railroad targeted a $2.3-billion capital spend program.