Union Pacific Railroad expects lost business during Hurricane Harvey and costs associated with storm cleanup to reduce third-quarter earnings by 5 cents a share, the company's top executive said yesterday.
UP Chairman, President and Chief Executive Officer Lance Fritz told the news agency Reuters that pent-up demand from manufacturers in the Houston area and recovery efforts should help boost the railroad's fourth-quarter.
Union Pacific Railroad expects lost business during Hurricane Harvey and costs associated with storm cleanup to reduce third-quarter earnings by 5 cents a share, the company's top executive said yesterday.
UP Chairman, President and Chief Executive Officer Lance Fritz told the news agency Reuters that pent-up demand from manufacturers in the Houston area and recovery efforts should help boost the railroad's fourth-quarter.
U.S. railroads logged a 2.6 percent increase in combined carload and intermodal traffic in August compared with the same month last year, according to the Association of American Railroads (AAR).
A 5.6 percent increase in intermodal containers and trailers helped push the railroads' total combined traffic to 2,744,486 million units for the month compared with August 2016. But total carloads last month slipped 0.3 percent to 1,343,405 units, AAR officials said in a press release.
Hawaii Gov. David Ige on Tuesday signed a bill that extends through 2030 a tax surcharge to pay for the Honolulu Authority for Rapid Transit's (HART) planned passenger-rail system.
The law extends Oahu's general excise tax surcharge three additional years and increases the state's hotel room tax by 1 percent for the next 13 years, according to a press release issued by Ige's office.
The National Hurricane Center's latest projected track of Hurricane Irma has prompted the Surface Transportation Board (STB) to postpone its Sept. 12 listening session concerning CSX's rail service issues, the board announced yesterday.
The center has projected landfall in southern Florida early on Sept. 11. CSX's headquarters are based in Jacksonville, Fla.
The National Hurricane Center's latest projected track of Hurricane Irma has prompted the Surface Transportation Board (STB) to postpone its Sept. 12 listening session concerning CSX's rail service issues, the board announced yesterday.
The center has projected landfall in southern Florida early on Sept. 11. CSX's headquarters are based in Jacksonville, Fla.
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The U.S. Department of Transportation (USDOT) is accepting Transportation Investment Generating Economic Recovery (TIGER) grant applications through Oct. 16 for Fiscal Year 2017 awards.
USDOT has $500 million available for the discretionary grant program and will be awarded on a competitive basis for projects that will have a significant impact on the nation, a metropolitan area or a region. The FY 2017 Appropriations Act specifies that TIGER Discretionary Grants may not be less than $5 million and not greater than $25 million, except that for projects located in rural areas the minimum TIGER Discretionary Grant size is $1 million.
The U.S. Department of Transportation (USDOT) is accepting Transportation Investment Generating Economic Recovery (TIGER) grant applications through Oct. 16 for Fiscal Year 2017 awards.
USDOT has $500 million available for the discretionary grant program and will be awarded on a competitive basis for projects that will have a significant impact on the nation, a metropolitan area or a region. The FY 2017 Appropriations Act specifies that TIGER Discretionary Grants may not be less than $5 million and not greater than $25 million, except that for projects located in rural areas the minimum TIGER Discretionary Grant size is $1 million.
The U.S. Department of Transportation (USDOT) is accepting Transportation Investment Generating Economic Recovery (TIGER) grant applications through Oct. 16 for Fiscal Year 2017 awards.
USDOT has $500 million available for the discretionary grant program and will be awarded on a competitive basis for projects that will have a significant impact on the nation, a metropolitan area or a region. The FY 2017 Appropriations Act specifies that TIGER Discretionary Grants may not be less than $5 million and not greater than $25 million, except that for projects located in rural areas the minimum TIGER Discretionary Grant size is $1 million.
The U.S. Department of Transportation (USDOT) yesterday announced the availability of $500 million in discretionary grant funding through the Transportation Investment Generating Economic Recovery (TIGER) program.
The Consolidated Appropriations Act of 2017 set aside $500 million for National Infrastructure Investments, also known as TIGER grants, according to a USDOT press release. As with previous TIGER rounds, funds will be awarded on a competitive basis for projects that have a significant impact on the United States, a metropolitan area or a region.
Long Island Rail Road (LIRR) crews will conduct critical work to advance the LIRR's Ronkonkoma Branch Double Track Project during the weekends of Sept. 9-10 and 16-17.
The Double Track Project is a $387-million infrastructure project, funded over two capital programs that will add a second track to the 18-mile stretch from Farmingdale to Ronkonkoma by the end of 2018. The purpose of the project is to improve train service by allowing for half-hourly, off-peak service in both directions, increased reverse peak service and greater flexibility to minimize the impact of service disruptions along the branch.
Long Island Rail Road (LIRR) crews will conduct critical work to advance the LIRR's Ronkonkoma Branch Double Track Project during the weekends of Sept. 9-10 and 16-17.
The Double Track Project is a $387-million infrastructure project, funded over two capital programs that will add a second track to the 18-mile stretch from Farmingdale to Ronkonkoma by the end of 2018. The purpose of the project is to improve train service by allowing for half-hourly, off-peak service in both directions, increased reverse peak service and greater flexibility to minimize the impact of service disruptions along the branch.
Long Island Rail Road (LIRR) crews will conduct critical work to advance the LIRR's Ronkonkoma Branch Double Track Project during the weekends of Sept. 9-10 and 16-17.
The Double Track Project is a $387-million infrastructure project, funded over two capital programs that will add a second track to the 18-mile stretch from Farmingdale to Ronkonkoma by the end of 2018. The purpose of the project is to improve train service by allowing for half-hourly, off-peak service in both directions, increased reverse peak service and greater flexibility to minimize the impact of service disruptions along the branch.
A Colorado commission is exploring plans for a commuter rail line connecting cities along the state's Front Range.
A Colorado commission is exploring plans for a commuter rail line connecting cities along the state's Front Range.
A Colorado commission is exploring plans for a commuter rail line connecting cities along the state's Front Range.
The Washington Metropolitan Area Transit Authority's (WMATA) rail system and the Virginia Railway Express (VRE) provide more than $600 million each year to Virginia's general fund, the Northern Virginia Transportation Commission (NVTC) announced yesterday.
The figure comes from a new report that evaluated the economic value of the two rail systems.
Bay Area Rapid Transit (BART) today will begin testing trains along the Berryessa Extension running from Fremont to San Jose, California.
The first trains — which won't carry riders yet — will be used to test communication systems, tracks and software. This is known as the "static testing phase" and is a key step before opening the extension for passenger service, according to a press release issued by the Santa Clara Valley Transportation Authority (VTA).
Union Pacific credits teamwork and planning for the successful replacement of the 100,000-pound, five-track Deval diamond in a little over 48 hours.
Union Pacific says about 90 employees worked in 12-hour shifts through late-night hours and constant rain to replace the Deval diamond in Des Plaines, Ill., where three of UP's Harvard Subdivision tracks cross two Milwaukee Subdivision tracks. Crews used five track-hoes and four end-loaders to complete the $2-million task.