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Oregon port rehabs bridges to prep Coos Bay Rail Line for growth

(Source: Progressive Railroading 04/18/2023) The first phase of a project to rehabilitate 15 steel bridges along the Coos Bay Rail Line has been completed, the Oregon Port of Coos Bay announced yesterday. A $20 million grant from the federal Better Utilizing Investments to Leverage Development (BUILD) program and $5 million in Oregon state matching dollars is funding the overall project, port…

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NTSB drops National Steel Car as party to NS derailment investigation

(Source: Progressive Railroading 04/19/2023) The National Transportation Safety Board announced April 17 it’s removing National Steel Car as a party to the investigation into a March 4 Norfolk Southern Railway train derailment near Springfield, Ohio. The NTSB said National Steel Car violated the terms of the agency’s party agreement by releasing investigative information that had not yet been fully vetted or…

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Regulators say railroads must examine how they build trains

(Source: Associated Press, April 7, 2023) “Think about going thru undulating territory sort of like a Slinky. You’re either trying to keep it stretched out or you’re trying to keep it all bunched together to control the forces from going in and out because that’s what causes derailments. And it causes train separations,” said Mark…

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In hard times, Corporate America looks out for its CEOs

(Source: CNN, April 6, 2023) Part of the deal with being the boss is you get paid top dollar in exchange for taking on the most risk. In theory, at least. But the pandemic era has, in many cases, flipped that idea on its head. Recent filings illustrate the way CEOs are still lavishly compensated even when…

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