CP Adds Detroit Tunnel 100% Ownership to 2020 Shopping Spree

CP Adds Detroit Tunnel 100% Ownership to 2020 Shopping Spree

CALGARY, AB – 16.October – Canadian Pacific and OMERS Infrastructure , the defined benefit pension plan for municipal employees in the province of Ontario, announced today they have entered into a purchase agreement whereby CP will acquire full ownership of the Detroit River Rail Tunnel from certain affiliates of OMERS Detroit River Tunnel Partnership. The purchase […]

Orford Express Ceases Operations in Quebec

Orford Express Ceases Operations in Quebec

  Magog, Quebec – 8.October – The PAL + management team has made the decision to cease operations of the Orford Express tourist train. The train had been inactive for the past few months due to COVID-19. This decision is the result of several factors including the growth and development of the group’s other businesses. […]

Amtrak-Funded Helicopter Tree Trimming Operation Wrapped Up in Vermont…

Beginning in July 2020, the South Carolina-based company, Rotor Blade LLC, began a 190-mile project along the New England Central Railroad (NECR) mainline at East Northfield, MA, that will reduce the number of overhanging trees on the railroad right-of-way. Amtrak has spent $1.2 million for the work that includes the aerial cutting by Rotor Blade […]

AMMC Enters Agreement with Cleveland-Cliffs Inc.

ArcelorMittal announced this morning that it has entered into a definitive agreement with Cleveland-Cliffs Inc. pursuant to which Cleveland-Cliffs will acquire 100% of the shares of ArcelorMittal USA for a combination of cash and stock. Under the terms of the agreement, ArcelorMittal expects to receive an aggregate equity value consideration of $1.4 billion upon closing […]

VRS, VAOT, Inaugurate Middlebury Tunnel

VRS, VAOT, Inaugurate Middlebury Tunnel

 On Friday, 18.September, four years of planning and site preparation came to fruition as a 10-week construction blitz allowed the reopening of VTR’s new 360-foot Middlebury Rail Tunnel. The new prefab tunnel not only improves rail service by increasing clearances on the main route from Rutland to Burlington.  The project was also designed to improve […]