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MIAMI — Brightline Holdings has received clearance to sell up to $1 billion of tax-free debt to finance its expansion to Orlando, Bloomberg reports. The board of the Florida Development Finance Corp. approved the financing Monday. Brightline, backed by Fortress Investment Group, expects to sell $785 million in short-term debt but could sell the full […]
PORT ARTHUR, Texas — The Port of Port Arthur has received a $13.6 million grant to turn an inactive rail yard into a new multimodal freight facility. The Port Arthur News reports the funds from the federal Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program will covert 25.5 acres of the rail yard into […]
CHICAGO — Recent circumstances have shown that coal still plays an important part in worldwide energy, enticing coal producers to try and beef up production. But experts say the U.S. coal industry cut capacity during the COVID-19 pandemic, and that capacity isn’t likely to come back. The U.S. stepped up as a swing supplier of […]
Five students have received scholarship awards for 2022 from the Railway & Locomotive Historical Society. The awards, to graduate or upper-level graduate students studying railroad history, engineering, or operations, are each worth $3,000. They are given in the name of railroad historians who endowed the awards: Professor George W. Hilton, Edward T. Myers, and Bruce […]
JACKSONVILLE, Fla. — Short line operator and rail services company Patriot Rail will acquire rail holding company Pioneer Lines, nearly doubling Patriot Rail’s operations to 31 railroads. Patriot Rail, which currently operates 16 railroads freight railroads in 14 states, will add 15 in 12 states, expanding into Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, […]
WASHINGTON — The Canadian Pacific-Kansas City Southern merger would cause few if any adverse environmental impacts aside from increased train noise in some locations, the Surface Transportation Board said in a draft environmental analysis released on Friday. The 357-page draft EIS also said the merger would have little effect on rail safety or emergency response […]
NEW YORK — Nine Amtrak executives received bonuses of $200,000 or more in 2021 despite lower ridership and revenue in the wake of the COViD-19 pandemic, after none were awarded in 2020, the New York Times has reported. Six people received bonuses of $200,000 or more in pre-pandemic 2019. There were also no bonuses awarded […]
Surface Transportation Board Chairman Martin J. Oberman says railroad service is suffering for one simple reason: The big four U.S. Class I systems aren’t paying enough to retain and recruit train crews. BNSF Railway, CSX Transportation, Norfolk Southern, and Union Pacific are experiencing ongoing crew shortages that since last year have caused widespread congestion and […]
DAVENPORT, Iowa — A former mayor of Davenport is urging the city to turn down its tentative $10 million agreement with Canadian Pacific and organize a regional effort to block the railroad’s proposed merger with Kansas City Southern. Meanwhile, the city of Muscatine, some 30 miles southwest along the Mississippi River, has approved a $3 […]
WASHINGTON — When veteran Union Pacific locomotive engineer Michael Lindsey II looks at the industry he loves, he doesn’t like what he sees. So he has become outspoken on issues ranging from crew shortages and ongoing service problems to labor contracts and railroad regulation. He’s written two letters to the Surface Transportation Board this year. […]
CLEVELAND — The union representing train dispatchers has authorized a strike in the event a new labor agreement is not reached under provisions of the Railway Labor Act, which currently has the contract dispute in the hands of a Presidential Emergency Board. The American Train Dispatchers Association says in a statement that over 99% of […]
WASHINGTON — Four federal legislators — three from Missouri and one from Kansas — have told regulators that they back the proposed Canadian Pacific-Kansas City Southern merger. Missouri Sen. Roy Blunt and Reps. Sam Graves and Emanuel Cleaver, along with Kansas Sen. Jerry Moran — all Republicans — told the Surface Transportation Board in an […]
