Watco acquires assets to Industrial Terminals
Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P.
Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P.
BNSF Railway Company (BNSF) has announced a 2018 capital expenditure program for California valued at about $230 million.
The Pennsylvania State Transportation Commission has approved $32 million in grants to 27 rail freight improvement projects that will help sustain more than 400 jobs across Pennsylvania.
Ann Dawn Begeman was designated permanent chairman of the Surface Transportation Board (STB) March 19 by President Trump. She has been acting chairman since January 2017.
The Pacific Harbor Line (PHL) recently celebrated the 20th anniversary of railroad services in the Ports of Long Beach and Los Angeles area.
A Draft Environmental Impact Report (DEIR) has been released for a Los Angeles County Metropolitan Authority (LACMTA) project that will speed the turnaround time Red and Purple line trains need at Union Station, which will allow more of these trains along the lines.
Four rail specific and rail related projects have been awarded a total of $54.5 million in Transportation Investment Generating Economic Recovery (TIGER) grants. This represents about 10 percent of the $500 million available in the latest round of TIGER funding.
A collaboration between Stonemont Financial Group and the Jerseyville Economic Development Council in Jerseyville, Ill., unveiled plans to build a 1,400-acre, rail-served industrial park.
New York state has $26.5 million in funds available for rail and port projects as part of the Passenger and Freight Rail Assistance Program.
A project to develop a railroad transshipment center at the regional industrial park in Saint-Tite, Quebec has been awarded funds from the Canada Economic Development for Quebec Regions (CED).
BNSF plans to spend more than 11 percent of its total capital program in Texas this year, with nearly half of the $375 million state plan going toward maintenance projects.
BNSF Railway plans to spend $160 million in Washington state during 2018. The state capital plan is part of its larger $3.3 billion 2018 capital plan.
CDPQ Infra said two consortia, Groupe NouvLR and Groupe des Partenaires pour la Mobilité des Montréalais (PMM), won contracts for the Réseau express métropolitain (REM) project, which will begin construction in April.
Loram Maintenance of Way, Inc., and Georgetown Rail Equipment Company (GREX) have completed a definitive merger agreement where Loram will acquire all outstanding shares of GREX.
The Port Authority of New York and New Jersey (PANYNJ) has moved into the second phase of environmental review for the Cross Harbor Freight Movement Program.
BNSF Railway has released details about its 2018 capital plan of $3.3 billion, noting that it reflects a continued focus on maintaining its network, as well as expansion projects aimed at meeting customer demands.
Union Pacific will target a 2018 capital plan of approximately $3.3 billion, pending final approval from its Board of Directors.
Norfolk Southern plans a capital program of $1.845 billion in 2018, continuing what the railroad calls a balanced deployment of capital.
Construction began early this month on Brazos Yard in Robertson County, Texas. Union Pacific says the $550-million yard is the largest capital investment in a single facility in its history.
Canadian National plans a CA$3.2 billion (US$2.59 billion) capital program in 2018; a record for the railroad, as well as an increase of approximately 23 percent over its 2017 program.