Small-railroad tax credit in budget bill

The regional and short line railroad investment tax credit (known as 45-G for its provision in the Internal Revenue Code) is poised to be signed into law by President Trump following its unexpected insertion into the massive two-year Bipartisan Budget Act of 2018 passed in the predawn hours Friday, Feb. 9, by the House and Senate.

 

Union Pacific updates Q4 2017 PTC progress

As concerns about the implementation of positive train control (PTC) continue to make headlines, Union Pacific (UP) says it expects to meet all required deadlines for installing PTC on its network.

NTSB says fatigue caused LIRR, NJ Transit accidents

The National Transportation Safety Board (NTSB) determined that two commuter railroad terminal accidents in the New York area were caused by engineer fatigue resulting from undiagnosed severe obstructive sleep apnea.

BNSF joins blockchain alliance

BNSF Railway Company announced it recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA), comprising more than 200 freight transportation companies working to develop blockchain standards for the logistics industry and the supply chain as a whole. 

Loram to acquire GREX

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.