G&W 2016 capex down nearly 30 percent
Genesee & Wyoming Inc. (G&W) will target a $225 million capital program in 2016, which is down approximately 28 percent when compared to its 2015 spend of $315 million.
Genesee & Wyoming Inc. (G&W) will target a $225 million capital program in 2016, which is down approximately 28 percent when compared to its 2015 spend of $315 million.
Canadian National‘s 2016 capital plan includes an investment of approximately CA$2.9 billion (US$2.07 billion) in rail infrastructure and equipment to raise network efficiency, support long-term growth and further strengthen safety. The railroad is the only North American Class 1 to increased its spend over 2015, which for CN was CA$2.8 billion (US$2.06 billion.)
The Federal Transit Administration (FTA) has issued a proposed rule for the Public Transportation Agency Safety Plan (Agency Safety Plan) and a notice of availability for the proposed National Public Transportation Safety Plan (National Safety Plan.)
Union Pacific reports that in 2015 it reduced railroad-crossing accidents by three percent with a 2.28, which is the total number of Federal Railroad Administration reportable grade crossing accidents per million train miles.
The Metropolitan Transportation Authority (MTA) has developed a plan to engage in detailed community consultation on how to proceed with necessary repairs for the Canarsie Tubes, which carry the L train under the East River between Brooklyn and Manhattan.
The Regional Transportation District (RTD) of Denver began off-site “bench testing” in January of train and traffic signals for at-grade crossings on the FasTracks I-225 Rail R Line.
Michael Burns, who retired as the chief executive officer for the Santa Clara Valley Transportation Authority (SCVTA) in 2014, will take the reins of the Caltrain Modernization Program, which the acengy called the most transformative project in the rail system’s 150-year history. Burns was appointed interim chief, Caltrain Modernization officer. He will begin his new role Feb. 8.
The National Transportation Safety Board (NTSB) opened the accident docket and publicly released more than 2,000 pages of information as part of it’s ongoing investigation of the May 12, 2015 Amtrak passenger train derailment in Philadelphia.
Norfolk Southern has a planned capital improvement budget of $2.1 billion in 2016, which is $300 million less than its record $2.4 billion capital plan in 2015.
BNSF Railway released plans for a $4.3 billion 2016 capital expenditure program focuses on helping to ensure the company continues to operate a safe and reliable network this year and beyond.
Kansas City Southern estimates its 2016 capital program will be between $580-590 million, which represents an approximate 10 percent decline from its $649 million program in 2015.
Southeastern Pennsylvania Transportation Authority (SEPTA) plans to install a battery storage network, which will help reduce operating costs, ensure energy resiliency and support the stability of the energy grid.
The Fordham Plaza, a major intermodal public transportation hub in the heart of the Bronx in New York City, is now open after major reconstruction work. The project improves access to public transportation for thousands of New York City residents and is another success for the Transportation Investment Generating Economic Recovery (TIGER) grant program.
Union Pacific is planning for a $3.75 billion capital program in 2016, pending approval from its board the railroad said in an earning release.
Metro-North Railroad has extended the implementation of its Confidential Close Call Reporting System (C3RS), an initiative designed to encourage workers to report any potential safety hazard or breach of procedures that they may observe by providing them with a convenient, non-confrontational and anonymous method to do so.
Minnesota Gov. Mark Dayton has introduced a jobs bill that would invest $1.4 billion in infrastructure projects statewide, creating an estimated 39,900 Minnesota jobs.
The National Transportation Safety Board (NTSB) released its 2016 Most Wanted List of transportation safety improvements on January 13 at the 95th Annual Meeting of the Transportation Research Board.
CSX is aiming for a $2.4 billion capital expenditure program in 2016, which reflects a $100 million reduction over 2015 numbers.