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…

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U.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…

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Virgin 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…

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Court: 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…

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