PAR: JAY (ME.) Mill To Be Upgraded

Verso to invest millions into Androscoggin Mill in Jay ME.

02 August, Toronto ON – Verso Corp. said it will invest a total of $120 million in three of its pulp and paper mills, including its Androscoggin Mill in Jay. The company told investors on an earnings call Thursday morning that it will make the investments over the next two years using cash from operations. It […]

G&W: New Details Revealed In Brookfield Investor Call

Brookfield Infrastructure Partners (BIP) CEO Discusses G&W Acquisition During Q2 Earnings Call. Australian Operation to be Sold Off; North American Network to Grow.

G&W: New Details Revealed In Brookfield Investor Call

02 August, Toronto ON – BIP’s Q2 Earnings Call with analysts revealed some interesting details on the progress and prospects of the G&W acquisition, which BIP is leading with other investment institutions. CEO Sam Pollock headlined the call. Down Under Sell-off The biggest news is the sale of G&W’s extensive Australian assets to its current minority […]

NEGS: Sale To United Rail Falls Through

Sale Agreement for the Venerable Line, Announced in February, Runs Out of Steam at 30 June Deadline. NEGS Operations to Continue as Before.

NEGS: Sale To United Rail Falls Through

31 July, Concord NH – The sale agreement between Las Vegas-based United Rail, Inc. (UR) and NEGS owner Peter Dearness was announced on 25 February, without any additional details. The deal was not consummated by the 30 June expiration date, which was revealed by Dearness on 30 July {David Brooks, Concord Monitor, 30.July.2019}. The deal was hailed […]

MASSDOT: Accepting 2020 IRAP Applications

MASSDOT Launches 2020 IRAP VII Program. Total Available Funding "Up To" $3 Million. Stricter Emphasis on Project Readiness and Shorter Timelines are the Major Program Upgrades. Applications Due by 29 August.

MASSDOT: Accepting 2020 IRAP Applications

29 July, Boston MA – The seventh round of Industrial Rail Access Program funding follows the same general principles of recent years. IRAP funds can be applied to up to 60% of a project’s total costs, and the maximum per-project award is $500,000. Eligible applicants include host municipalities, economic development corporations, freight railroads operating in the Commonwealth, […]

PAR: Nicked For Worcester Environmental Violation

PAR/BM Was Fined $20,000 for Failing to Prevent Trespassing on Undeveloped Property on Gardner Branch Line, Governed by Prior MASSDEP "Notice of Activity and Use Limitation."

PAR: Nicked For Worcester Environmental Violation

(From the Environmental Resource Center website) : 23 July, Worcester MA – The Massachusetts Department of Environmental Protection (MassDEP) has assessed a $20,000 penalty to Pan Am Railways, Inc. and Boston and Maine Corporation for environmental violations at the railroad facility at 150 Millbrook Street, Worcester. In a consent order finalized with MassDEP, the companies admitted that they failed […]

G&W: SOLD! To Brookfield, G.I.C. For $8.4 Billion

An Agreement for G&W to be Taken Private by Brookfield Infrastructure Partners and Singapore Sovereign Wealth Fund GIC Ends Global Heavyweight "Auction" Playing Since March.

G&W: SOLD! To Brookfield, G.I.C. For $8.4 Billion

01 July, Darien CT – G&W owns or leases 120 freight railroads organized in eight operating regions. The company’s six North American regions include 114 regionals and short lines operating in 41 states and four Canadian provinces. The Australia Region includes the 1,400-mile Tarcoola – Darwin rail line, and the UK/Europe Region includes the United Kingdom’s […]

“Bomb Trains” Edge “Freedom Gas” In U.S. House Vote

By 26 Votes, House Amends H.R. 3055 Omnibus Appropriations Bill to Thwart DOT Action on Railing LNG. New England Delegation Almost Uniform in Rejecting Presidential Initiative to Reduce Region's Highest-in-Nation Electricity Costs.

“Bomb Trains” Edge “Freedom Gas” In U.S. House Vote

(The political branding fad may have jumped the shark in the debate over transporting liquified natural gas (LNG) by rail. “Bomb Train” was coined by some witty fellow in the wake of the 2013 Lac Megantic CBR disaster; “Freedom Gas” has entered the language only in the last month by a poetic U.S. Dept. of […]

CSX: Explosion Shuts Philadelphia CBR Refinery For Good

Huge Explosion at Phila. Energy Solutions (PES) is Last Straw for East Coast's Largest Refinery. Permanent Shutdown Eliminates 23% of Eastern Refining Capacity. $130 Million 280,000bbl/day CBR Unloading Facility a Major Blunder.

CSX: Explosion Shuts Philadelphia CBR Refinery For Good

21 June, Philadelphia PA – City fire officials believe the fire started in a butane vat around 4 a.m. EDT. The flames and explosions destroyed a 30,000-bpd alkylation unit that uses hydrofluoric acid to process refined products. The acid was saved from the fire, preventing a potential acid vapor cloud enveloping the densely-populated neighborhoods bordering the […]

CP: Battle With USDOD Over NY Nuke Facility Spur

STB Orders Mediation to Determine Service and Sale Terms of Spur and Transload Serving Naval Nuclear Propulsion Training Site, Currently in the Middle of a Four-Year $1.5 Billion Refueling Operation.

STB Orders Mediation to Determine Service and Sale Terms of Spur and Transload Serving Naval Nuclear Propulsion Training Site, Currently in the Middle of a Four-Year $1.5 Billion Refueling Operation.