Class 1

CN names Cory COO; Houle as CFO

Luc Jobin, incoming president and chief executive officer of Canadian National has appointed Mike Cory as executive vice-president and chief operating officer and Ghislain Houle as executive vice-president and chief financial officer, effective July 1, 2016.

Meridian Speedway to receive tie, crossing and rail work

Meridian Speedway, LLC (MSLLC), a joint venture between Kansas City Southern (KCS) and Norfolk Southern (NS) for a 320-mile rail line between Meridian, Miss. and Shreveport, La., will invest approximately $28 million in 2016 on construction and improvement projects on its Vicksburg and Meridian Subdivisions.

Vermont approves $33.4 million for rail projects

Vermont Gov. Peter Shumlin on June 2, 2016, signed the FY 2017 Transportation Bill, which approves approximately $612.6 million in infrastructure improvements, including $33.4 million for rail. The bill includes an overhaul of the trespassing regulations to improve safety on Vermont’s rail lines.

New York grants to rehab three bridges; 52 miles of track

New York state has awarded $16.3 million in grants through the Passenger and Freight Rail Assistance Program to projects that Gov. Andrew Cuomo said will strengthen infrastructure, as well as support economic development by leveraging an additional $12.8 million in additional public and private investments.