Connecticut Bonds for $340 million of Infrastructure, Ignores Rail. $55 Mil for Port of New London

Low Interest Rates Prompt Capital Spending on Highways

Connecticut Bonds for $340 million of Infrastructure, Ignores Rail.  $55 Mil for Port of New London

Connecticut Governor Ned Lamont on April 16th led the Connecticut State Bond Commission to approve $340 million in special capital spending, funded with new bonds (despite a previous debt diet pledge) for  a variety of highway projects, tens of millions of affordable housing, state buildings and $55 million in funds to dredge and develop the […]

New Hampshire Revolving Loans Fund Cog Railway & Conway Scenic

New 100lb/ rail on Cog Railway to replace 25lb rail. Conway Scenic refinances dome car.

New Hampshire Revolving Loans Fund Cog Railway & Conway Scenic

The Mount Washington Cog Railway and Conway Scenic Railroad are beneficiaries of loans from the New Hampshire Class III Railroads and Cog Railroads Revolving Loan Fund. The New Hampshire Executive Council voted yesterday to approve the loans. The Cog Railway project benefiting from a $1.2 million loan will lay new 100lb (per yard) modern rail […]

G&W: Haulage Rights Offered To Vermont Rail System

G&W Filing for Pan-Am Southern Attempts to maintain competitive access for Vermont Rail System

G&W: Haulage Rights Offered To Vermont Rail System

On April 27th, CSX filed their revised bid for Pan-Am with the Surface Transportation Board in conjunction with a separate application Genesee & Wyoming to assume operation of Pan-Am Southern. This transaction reduces Vermont Rail System connecting carriers from 3 to 2. Certain markets (including the critical connections to CSX and NS) effectively go from […]

CP/CMQ: Pleasant River Lumber Puts $25M into Maine Operations

CP/CMQ: Pleasant River Lumber Puts $25M into Maine Operations

30.April, Dover-Foxcroft ME – A strong lumber market is leading Pleasant River Lumber Co. to invest $25 million over the next three years in four Maine facilities. When completed, the projects will enhance PRL’s production capacity to ~400 million board feet through its five Maine mills. Rail has traditionally been a vital transportation component for […]

NEARS conference this week

The excellent Northeast Association of Rail Shippers conference (on zoom this time) is April 27-29. Register, learn more and see the agenda at nears.org NEARS provides a podium for a variety of subjects – railroading and shipping trends, shippers panels and success stories, intermodal industry updates, Wall Street and Main Street analysis and outlooks, new […]

CP: KCS Merger to Fall Under Pre-2001 Waivered Rules

CP: KCS Merger to Fall Under Pre-2001 Waivered Rules

23.April – WASHINGTON DC – The Surface Transportation Board on Friday afternoon released its decision on the request by Canadian Pacific and Kansas City Southern to review their proposed merger under the pre-2001 merger rules. CPKC had stated that the Transaction is subject to the regulations set forth at 49 C.F.R. part 1180 (2000) pursuant […]

Amtrak: Siemens Identified as Preferred Bidder for Intercity Trainsets

Amtrak: Siemens Identified as Preferred Bidder for Intercity Trainsets

22.April – WASHINGTON DC – After a competitive procurement launched in January of 2019, Amtrak has identified California-based Siemens Mobility Inc. (Siemens) as the preferred bidder to manufacture a new fleet of 83 Intercity Trainsets (ICTs), which will provide dual power in many instances and modern rail amenities to better serve all Amtrak customers. The ICTs will […]

CN: ‘Superior’ Bid Announced for KCS Acquisition

CN: ‘Superior’ Bid Announced for KCS Acquisition

20.April – MONTREAL QC – In what looks seemingly like the ongoing sibling battle for the same boy or girlfriend, CN today announced that it has made a superior proposal to combine with Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share. A release from CN states: “Together, CN […]