Rail News Home Union Pacific Railroad 9/17/2021 Rail News: Union Pacific Railroad
The Illinois Commerce Commission (ICC) recently granted approval for the installation of new automatic flashing light signals and gates and the reconstruction of existing highway approaches at a Union Pacific Railroad grade crossing in Bonnie.The total estimated cost to install the new automatic warning devices is $262,805. ICC staff recommends that the state's Grade Crossing Protection Fund be used to reimburse UP for 95% of the installation costs, not to exceed $249,665. The railroad will pay all remaining installation costs and cover the future costs to maintain the new warning devices. The village of Bonnie is required to reconstruct the existing highway approach grades at East Lang Lane, but will be reimbursed by the state for all related costs. All the approved work must be completed with 12 months.
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Rail News Home Canadian National Railway - CN 9/17/2021 Rail News: Canadian National Railway - CN
"We are now well-positioned to lead the industry through its next transformation by investing in the success of our customers, workforce and communities while delivering enhanced financial results," said CN President and Chief Executive Officer JJ Ruest. Photo – cn.ca
"We are now well-positioned to lead the industry through its next transformation by investing in the success of our customers, workforce and communities while delivering enhanced financial results," said CN President and Chief Executive Officer JJ Ruest. Photo – cn.ca
CN today announced the details of its strategic and financial value creation plan, which the Class I said is designed to allow the company to continue delivering high-quality service to customers while generating profitable growth and enhanced returns to shareholders.
The plan builds on CN’s January 2021 strategic plan to lead on safety, customer value, operational excellence, sustainability and social inclusion, while also delivering industry-leading shareholder returns, CN officials said in a press release.