RTA: 45G tax credit raises 2013 tie forecast

The 45G infrastructure tax credit for shortline railroads has been authorized retroactively for 2012 and extended for 2013. The Railway Tie Association (RTA) responded to this news, saying that for RTA members, this is a game changing piece of legislation for hardwood and softwood tie demand for 2013.

NYS&W receives state funds for rail terminal

The New York Susquehanna & Western Railroad Corporation (NYS&W) has received contract approval for more than $900,000 in funding for design and construction of a multimodal rail terminal in Cortland as part of New York Governor Andrew Cuomo’s Regional Council initiative.

Caltrain board elects officers

The Peninsula Corridor Joint Powers Board in California, which owns and operates Caltrain, unanimously elected Santa Clara County Supervisor Ken Yeager, representing the Santa Clara Valley Transportation Authority, as board chair. This is the second time that Yeager has held the position.

Metro-North Railroad turns 30

New York Metropolitan Transportation Authority’s Metro-North Railroad celebrated its 30th birthday on Jan. 1, 2013. The railroad says it has become the busiest and best passenger railroad in the country with a consistent on-time performance of better than 97 percent and a customer satisfaction rating of 93 percent.