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Keyword: railroads

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  • What the “Infrastructure” Fight Is Really About

    05/07/2021 10:54:32 AM PDT · by Tolerance Sucks Rocks · 26 replies
    Politico Magazine ^ | May 1, 2021 | Joshua Zeitz
    President Joe Biden’s proposed infrastructure legislation has the political class seemingly locked in a debate about what “infrastructure” means. Biden and Democratic leaders—backed by a majority of the U.S. population—believe that “infrastructure” is more than just roads and bridges and encompasses all the structures that help modern society function. Their new bill reflects that understanding, including improvements to water pipes and the electrical grid, universal broadband access, charging stations for electric vehicles, physical upgrades to schools and universities, and—perhaps most innovatively—home care for the elderly and disabled, support for families with children, and expanded access to health care. Republican elected...
  • France to ban domestic flights where trains are available, in move to cut emissions

    04/14/2021 10:19:26 AM PDT · by Olog-hai · 41 replies
    CNN Travel ^ | 12th April 2021 | Rob Picheta and Barbara Wojazer
    France is set to ban short domestic flights in favor of train services, after lawmakers approved a plan that will see several air routes discontinued to reduce emissions. MPs voted late on Saturday to some suspend some flights by domestic airlines that can be made by train in less than two-and-a-half hours, as part of a wider climate bill. If the bill passes through France’s upper house, the Senate, France will join a number of European countries seeking to move away from short flights. But some have criticized President Emmanuel Macron for watering down proposals from his own environmental panel,...
  • Railroads Strike a $25 Billion Merger (Canada, US)

    03/21/2021 8:14:44 AM PDT · by dynachrome · 13 replies
    Wall Street Journal ^ | 3-21-21 | Jacquie McNish
    Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and stock. Kansas City investors will receive 0.489 of a Canadian Pacific share and $90 in cash for each Kansas City common share held. If approved by regulators, the deal would unite two of the major North American freight carriers, linking factories and ports in Mexico,...
  • Warren Buffett again encourages investors to bet on America

    02/27/2021 8:20:14 PM PST · by Olog-hai · 14 replies
    Dissociated Press ^ | February 27, 2021 | Josh Funk
    Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance businesses and stocks that belong to Berkshire Hathaway. But he said U.S. business will thrive over time in spite of the pandemic. “In its brief 232 years of existence, however, there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic...
  • Infrastructure Projects Worth $306B Will Help NY's Economic Recovery: Cuomo

    02/19/2021 10:18:09 AM PST · by Tolerance Sucks Rocks · 22 replies
    Engineering News-Record ^ | January 19, 2021 | Eydie Cubarrubia
    In his State of the State address, Gov. Andrew Cuomo touted the $306 billion in current and proposed infrastructure projects around New York that he said would revitalize the economy after COVID-19 shut down businesses and non-essential construction. In his Jan. 14 speech, the governor said a total $51 billion was being spent for projects to revive Manhattan's Midtown West neighborhoods, citing potential new projects as well as those well into planning. That figure includes the $1.6 billion Moynihan Train Hall, which opened Jan. 1; the $1.5 billion Jacob K. Javits Center expansion, expected to be completed this year; and...
  • Murphy Administration Celebrates Final Step Toward Construction of New Portal North Bridge

    01/18/2021 5:08:37 AM PST · by Tolerance Sucks Rocks · 9 replies
    Insider NJ ^ | January 14, 2021 | Insider NJ
    TRENTON – Governor Phil Murphy, alongside Department of Transportation Commissioner and NJ TRANSIT Board Chair Diane Gutierrez-Scaccetti, NJ TRANSIT President & CEO Kevin Corbett, U.S. Senator Bob Menendez, Congresswoman Mikie Sherrill, Congressman Tom Malinowski, and Amtrak Board Chair Tony Coscia, today celebrated the finalization of the Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) to construct a new Portal North Bridge. NJ TRANSIT CEO and President Kevin Corbett executed the agreement with the FTA today, which will provide $766.5 million dollars in federal funding for the Portal North Bridge. The new Portal North Bridge, a $1.8 billion...
  • Move from hotel quarantine to mining camps would 'require massive human resources'

    01/14/2021 1:30:21 AM PST · by Its All Over Except ... · 22 replies
    Griffith University’s Dr Peta-Anne Zimmerman says the Queensland government’s proposal to implement hotel quarantine for international travellers at remote facilities such as mining camps, “would take a lot of strategic planning and risk assessment”. “The human resources required is massive … and equally if we move to mining camps, the human resources implications are massive there as well,” she told Sky News host Chris Smith. Dr Zimmerman said the mining camp communities “would not be able to provide” the people needed for the quarantine efforts and another solution is needed. "The communities from where these mining camps are would not...
  • U.S. freight railroads log another dramatic decline in traffic

    05/15/2020 7:26:25 PM PDT · by buckalfa · 25 replies
    Progressive Railroading Magazine ^ | May 14, 2020 | Progressive Railroading Magazine Staff
    U.S. freight-rail traffic plunged 22.1 percent to 412,549 carloads and intermodal units during the week ending May 9 compared with the same week a year ago, Association of American Railroads (AAR) data shows. Railroads logged 185,144 carloads, down 28.4 percent, and 227,405 containers and trailers, down 16 percent. None of the 10 carload commodity groups that AAR tracks on a weekly basis posted increases. Among the commodity group decreases posted during the week, coal was down 34,111 carloads to 46,515; motor vehicles and parts were down 14,876 carloads to 2,108; and metallic ores and metals were down 7,513 carloads to...
  • Senators warn of threats posed by Chinese rail companies

    02/22/2020 11:59:09 AM PST · by Twotone · 21 replies
    Axios ^ | February 20, 2020 | Bethany Allen-Ebrahimian
    Two U.S. senators are urging the Federal Transit Authority to clarify a ban on Chinese rail manufacturers and to warn local transit authorities of potential national security threats from China, in a letter obtained by Axios. The big picture: The ban highlights a growing expansion of national security risks to include economic security, as the U.S. responds to Chinese government economic policies that many perceive as exploitative. Details: Dated Feb. 13 and addressed to Transportation Secretary Elaine Chao, the letter from Senators John Cornyn (R-Texas) and Tammy Baldwin (D-Wis.) cites confusion about the ban and urges the FTA to provide...
  • Duluth interchange project soars $100M over budget

    11/28/2019 8:29:31 AM PST · by Tolerance Sucks Rocks · 43 replies
    The Duluth News Tribune ^ | November 25, 2019 | Brady Slater
    The Twin Ports Interchange reconstruction project through Lincoln Park soared $100 million over budget this month, forcing planners to defer indefinitely portions of the work scheduled for 2020-23. The $343 million project is scheduled to begin in May. Minnesota Department of Transportation figures released Monday at a regular public meeting about the project showed a $443 million price tag. "This is what happens with every big project," Duane Hill, district engineer based in Duluth, said Monday. "You have to manage it as you go along. We thought we did a good job initially coming up with a budget for this...
  • Industry Stakeholders React Positively to Biden's Infrastructure Plan

    11/20/2019 10:32:25 AM PST · by Tolerance Sucks Rocks · 26 replies
    Transport Topics ^ | November 19, 2019 | Eleanor Lamb
    Presidential candidate Joe Biden has released an infrastructure plan that calls for $1.3 trillion in investment over 10 years. The plan, released Nov. 14, makes a pledge to update the nation’s freight infrastructure, from highways and canals to railroads and tunnels. Biden plans to spend $50 billion over the first year of his presidency to repair roads, highways and bridges. He proposes a new $40 billion, 10-year Transformational Projects Fund, which will provide substantial grants for projects that are too large to be funded through existing programs, such as a major port upgrade or new tunnel. Biden also plans to...
  • Why is Europe so absurdly backward compared to the U.S. in rail freight transport

    10/07/2019 5:25:12 AM PDT · by Gamecock · 68 replies
    Freight Waves ^ | 10/5/2019 | Vishnu Rajamanickam
    Over the last couple of months, major container lines and alliance carriers have been blanking several of their headhauls from Asia to Europe, citing weak peak season demand. Since July 2019, seasonal rates have been consistently lower year-on-year with container prices in China to North Europe lanes moving lower; there was a 21% decline this month compared to October 2018. Container lines blank their headhauls because it helps them marginally stabilize the declining container spot rates. However, this would come at the expense of North America, as every vessel withdrawn from the European market will mean a lost backhaul voyage...
  • China can 'very easily wipe out' US railroad system, Rep. Garamendi warns

    05/17/2019 9:31:54 AM PDT · by Olog-hai · 43 replies
    Fox Business ^ | May 17, 2019 | Julia Limitone
    Rep. John Garamendi, D-Calif., said the U.S. has another big problem on its hands when it comes to China: control of the rail system. “The Chinese rail company CRRC is establishing itself in America. It’s already wiped out the Australian rail industry. They could very easily do it in America,” he told Fox Business’ Maria Bartiromo on Friday. The Chinese state-owned corporation is also the world’s top passenger train maker, has very heavy subsidies to do competitive pricing, “way, way below any other price,” and is going to “take over the market” if the U.S. doesn’t act fast, Garamendi added....
  • "The Railroader" - Lessons learned from a lifetime of working on a historic American West railroad

    01/28/2019 5:05:15 PM PST · by CedarDave · 29 replies
    National Geographic Society ^ | January 25, 2019 | National Geographic Short Films
    Traveling for 64-miles along the border between Chama, New Mexico and Antonito, Colorado, the Cumbres & Toltec Scenic Railroad chugs its way up and over the 10,015 foot high Cumbres Pass. Built in 1880, the C&TS Railroad has revealed the staggering beauty of the American west for nearly a 140 years. Filmmakers Annie and Russell O. Bush tell the the story of those who built and maintain this American tradition through the lens of lifetime railroader John Bush in this powerful short.
  • How Amtrak Fails the National Parks and America

    08/11/2018 10:50:54 AM PDT · by Publius · 61 replies
    National Parks Traveler ^ | 8 August 2018 | Alfred Runte, Ph.D.
    The Last Train to Grand Canyon: How Amtrak Fails the National Parks — and America Editor's note: National parks historian Alfred Runte has over the years closely watched how Congress has managed and funded Amtrak. Although funding for Fiscal Year 2019 is halfway to being assured -- the Senate has approved $50 million for the railroad, but the House of Representatives has yet to take up the measure -- he reminds us that only weeks ago Amtrak’s board approved the scenario here. A stay of execution for the Southwest Chief aside, Dr. Runte continues to lobby for the trains Americans...
  • Another Economic Stat to look at: Railroads

    07/04/2018 10:07:13 AM PDT · by TMA62 · 17 replies
    One stat to look for in this growing economy is the weekly rail statistics report from the Association of American Railroads (AAR). I have attached the link. It is a weekly summary of car loadings compared to last year. (Note: the tax cuts were passed in January so it is a good comparison to last year.) Nearly everything is up in the 2-4 percent range. Petroleum (unit tank car trains) really up. The other big stat is intermodal (trailers on flatcars or double stack containers). Intermodal is around 6-8 percent growth from last year and is leading the recovery. The...
  • One of the World’s Largest Steam Locomotives Is About to Make a Triumphant Return

    06/16/2018 10:54:25 AM PDT · by Simon Green · 72 replies
    Atlas Obscura ^ | 06/12/18 | Justin Franz
    Hold onto your engineer caps, railroad history lovers. Seventy years after the First Transcontinental Railroad was completed in 1869, the steep Rocky Mountains of Wyoming and Utah were still giving the Union Pacific Railroad trouble. Despite having massive steam engines, the Union Pacific, one of the biggest railroads in America, still struggled to move heavy freight trains over the mountains and would often have to use multiple locomotives to get trains to their destination. This practice required more workers and more fuel. In 1940, the Union Pacific’s mechanical engineers teamed up with the American Locomotive Company to build one...
  • Want a $25,000 bonus? These railroad companies are desperate for help

    05/03/2018 2:29:54 PM PDT · by 2ndDivisionVet · 103 replies
    The Kansas City Star ^ | May 3, 2018 | Kaitlyn Schwers
    What would it take to get you to work on the railroad? A little extra cash? How about a sign-on bonus of up to $25,000? That's what two major railroad companies are offering in an effort to recruit more workers in what The Wall Street Journal called "a historically tight labor market." The Journal said BNSF Railway, based in Fort Worth, Texas, and Union Pacific Corp. in Omaha, Nebraska, are filling jobs as the demand rises to ship more products across the western side of the country....
  • Offer infrastructure investors a share of the tax take

    04/17/2018 12:08:42 AM PDT · by Tolerance Sucks Rocks · 2 replies
    Nikkei Asian Review ^ | April 17, 2018 | Naoyuki Yoshino
    Asia needs more transport infrastructure. More than the state, which finances the lion's share, can fund. So what more can be done to bring in increased private capital, when investors have so far been mostly disappointed by the returns? Is there a way of breathing new life into the public private partnership (PPP), the most common vehicle for private infrastructure investment? We think so. Governments need to offer private sector investors more than they can hope to earn from ticket sales on railways or motorway tolls. They should consider sharing the extra tax revenues generated from the increased economic activity...
  • CSX train derailed, four cars fell into Susquehanna River amid wind storm

    03/04/2018 2:30:48 PM PST · by sodpoodle · 23 replies
    Baltimore Sun ^ | 3/4/2018 | Jessica Anderson, Sean Welsh
    A CSX train derailed on a bridge over the Susquehanna River on Friday night, causing four empty rail cars to fall into the water below. The freight train headed to Richmond, Va., derailed between Cecil and Harford counties at about 8 p.m. Friday, CSX officials said in a statement. No injuries were reported, no hazardous materials were involved and there appears to be no environmental impact, officials said. Officials said the cause of the derailment remains under investigation, and could not say whether Friday’s strong winds caused the empty rail cars to come off the tracks.