Archive for January 2019
House bill would allow states to count fed loans toward infrastructure financing share
(Source: Progressive Railroading 01/31/2019) U.S. Rep. Tom Malinowski (D-N.J.) has introduced a bill that aims to make it easier for states to finance their share of infrastructure projects, such as the multibilliion-dollar Gateway program that calls for construction of new Amtrak tunnels under the Hudson River between New York and New Jersey. The Transportation Funding Fairness Act of 2019…
Read MoreU.S. rail traffic dipped in Week 4
(Source: Progressive Railroading 01/31/2019) Weekly U.S. rail traffic fell for the first time in 2019, with railroads logging a combined 522,026 carloads and intermodal units during the week ending Jan. 26, down 4 percent compared with the same week a year ago, according to Association of American Railroads (AAR) data. Total carloads for the week dropped 4.7…
Read MoreVirgin Trains USA unveils IPO
(Source: Progressive Railroading 01/31/2019) Virgin Trains USA LLC yesterday announced it’s launching an initial public offering (IPO) of 28.3 million shares of common stock per a Securities and Exchange Commission filing. The private intercity passenger-rail company in Florida — which formerly was known as Brightline — also plans to grant the underwriters a 30-day option to purchase…
Read More“Midnight Rider” case: Family of Sarah Jones reaches settlement with CSX in wrongful death case
(Source: Deadline, January 30, 2019) HOLLYWOOD, Calif. — A confidential settlement has been reached in the wrongful death civil case against CSX Transportation brought by the family of young camera assistant Sarah Jones, who was killed on the train trestle set of Midnight Rider in 2014. The settlement was revealed today by the lawyers for…
Read MoreCourt: Injured rail workers can’t sue NJ Transit under FELA
(Source: North Jersey Record, January 30, 2019) BERGEN COUNTY, N.J. — A three-judge panel of the U.S. Court of Appeals has ruled in favor of NJ Transit and against an injured employee in a case that could leave hundreds of the agency’s rail workers without legal protection if they’re injured. The 3rd Circuit, based in…
Read More