Search Results for: short lines

NCDOT awards $2 million to nine shortlines for maintenance

The North Carolina Board of Transportation has awarded nearly $2 million in state funds to nine small freight railroads through the Short Line Infrastructure Assistance Program. The grants will be used to help with track and bridge maintenance and other improvements.

"These grants will retain jobs and support economic development in rural areas," Transportation Secretary Gene Conti said. "At the same time, the grants will help modernize the state’s rail system and bring about improved capacity, reliability and safety."

SIAP’s focus is to help shortlines maintain and improve their tracks and better serve industries in primarily rural areas. The money will be used to assist nine railroads that will directly benefit 20 counties serving 62 companies. The money is a part of a public-private partnership, with at least 50 percent coming from the shortline railroad companies.

"Shortline railroads connect our shippers with the national rail network," said Andrew Perkins, chair of the Board of Transportation’s Rail Subcommittee. "They ensure that our industries can receive raw materials and ship products across the country."

State SIAP funds are appropriated by the N.C. General Assembly on a year-by-year basis. These grant funds are not automatically recurring.

Patriot Rail buys six shortlines from Weyerhaeuser

 

Patriot Rail Corp., a privately-held short line and regional freight railroad holding company, has agreed in principle to purchase the shortline railroad assets of Weyerhaeuser Company. The acquisition is subject to certain closing conditions, including Patriot’s due diligence and regulatory approval, and is expected to close in the fourth quarter of 2010.

FRA opens small grant pool for shortlines






A year after Congress told
federal regulators to issue $20 million in grants to help short line railroads
recover from storm damages, the Federal Railroad Administration is ready to
make the final $5 million of those funds available, the Journal of Commerce
reported.

CPKC’s Coby Bullard Headlines Railway Interchange

Railway Interchange kicked off Oct. 2 with Canadian Pacific Kansas City (CPKC) Senior Vice President Coby Bullard covering his railroad’s April 14, 2023, merger to form North America’s first and only transnational, plus its partnership with short

Alberta Explores Reinstating Shortline Rail in Oyen

The Alberta Government signed a Memorandum of Understanding on March 23 with Oyen Regional Rail Company, Special Areas and Oyen Development Corporation and Canada Infrastructure Bank to support their assessment of whether the rail line between Oyen and Lyalta should be restored.

Port Authority Shortlists Three APM Firms to Replace AirTrain Newark

The Port Authority of New York and New Jersey announced March 23 that it has chosen three automated-people-mover system technology firms to move forward to the next step of a multi-phase procurement process to replace the existing AirTrain Newark system at Newark Liberty International Airport with a new 2.5-mile automated train system.